IoT and cloud
"IoT may be a trendy term, but it shouldn't be daunting, Berman said, because businesses have been connecting things over networks for decades. What's different now is the cost of hardware, the ubiquity of networks, and the ease of connecting everything in the cloud."
I agree. That does seem to be change that has been brought about. I think cloud will play a major role when it comes to facilitating the IoT devices and providing connectivity. It'd be very costly to have local IoT servers installed at each premises and hence cloud naturally fits in. It'd be, however, interesting to see how they perform.