A couple of interesting articles are attached on how of the Internet of Things (IOT) and the Internet of Everything (IOE) were conceived. This is a lot further back than most people would expect.
What is becoming apparent is that data gathering as humans is not very efficient nor accurate and hence many technologies as they evolve when automated are likely to be more accurate. This can be seen for example when Robot Processing Automation (RPA) is concerned, the accuracy levels far out weight human inputs as we get tired and bored - all human traits! The only caveat to this is where perhaps data is recorded of human conversations and the accuracy of sentiment or the interpretation of viewpoints are taken as fact. An example of this was when Google found that some of their AI human prejudices were starting to be adopted by AI as the norm. (This is an interesting challenge of how AI need to be trained to be non-biased when as humans we are to one level or another biased as we base our own interpretation of life on our own experiences and values and beliefs - however we also know how to manage any level of prejudice - or most of us do! - many of course are also legislated for). The article concentrates more around the financial benefits the technology will bring and in fact it expects its revenues will be the biggest increase humanity as even seen.
Perhaps we should take a step back and recognise that the combination of IOT, IOE, RPA, Machine Learning, AI, Autonomous Automation of Transport, Smart Cities and other areas should together be termed (as already used before) as the Era of Human 2.0 or Singularity and the price or value of the combination of all these innovative technologies.
The challenge is how these innovations are set, to the good of people at large, the company stakeholders and ultimately the planet (of which to date there is no Earth 2.0 that we could run to)
If we had computers that knew everything there was to know about things—using data they gathered without any help from us—we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. We need to empower computers with their own means of gathering information, so they can see, hear and smell the world for themselves, in all its random glory. RFID and sensor technology enable computers to observe, identify and understand the world—without the limitations of human-entered data.