Overview: "The Internet of Things will enable forms of collaboration and communication between people and things, and between objects (e.g, M2M), hitherto unknown and unimagined. With the benefit of integrated information processing capacity, industrial products will take on smart capabilities. They may also take on electronic identities (e.g. RFID) that can be queried remotely, or be equipped with sensors for detecting physical changes around them. Such developments will turn the static objects of today into dynamic objects - embedding intelligence in our environment and stimulating the creation of innovative products and new business opportunities. Without a doubt, the development of the Internet of Things also poses challenges to policy-makers and regulators. Are radically new approaches necessary to answer these challenges? What new business models will emerge? These and other questions will be addressed in this expert panel to help us anticipate and plan for how to prepare for these impending shifts."
ITU Telecom World, 27 October 2011