ABSTRACT
Internet of Things (IoT) implies a high volume of relationships between many hyperconnected actors – whether human, organisations, algorithms or machines –, and those relationships will need to be arranged and catered for. It is fundamental and important to keep the definitions regarding and related to IoT well defined and unambiguous, in order to enable clear communication between multiple stakeholders, to ensure effective recommendations, and to come to a common understanding. The technologies that make IoT possible are converging existing markets and creating new markets, both physical and virtual markets, private and public markets and both vertical and horizontal markets. The infrastructure regards transmitting, collecting, storing and/or sharing the data within the ecosystem. It is a collection of hardware, software and other related products and resources that enables the provision of IoT and their services.
