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European Monitor of Industrial Ecosystems

The Internet of Things is a dynamic global network infrastructure with self-configuring capabilities based on standard and interoperable communication protocols, where physical and virtual ‘things’ have identities, physical attributes and virtual personalities and use intelligent interfaces and are seamlessly integrated into the information network . The Internet of Things (IoT) refers to the network of smart, interconnected devices and services that are capable of sensing or even listening to requests. IoT is an aggregation of endpoints that are uniquely identifiable and that communicate bi-directionally over a network using some form of automated connectivity. Objects become interconnected, make themselves recognisable and acquire intelligence in the sense that they can communicate information about themselves and access information that has been provided by another source. The Internet of Things relies on networked sensors to remotely connect, track and manage products, systems and grids. The Industrial Internet of Things (IIoT) – a subset of the larger Internet of Things – focuses on the specialised requirements of industrial applications, such as manufacturing, oil and gas, and utilities. IIoT systems connect non-consumer devices, used by companies, governments and utility providers in their service delivery.