2.8 The Internet of Things and the Industrial Internet of Things

The Internet of Things (IoT) and the Industrial Internet of Things (IIoT), respectively, comprises an ever-growing number of devices generating more and more data. While there is mostly a clear focus on the primary use of that data, it may be of interest for additional stakeholders as well. This requires standardization with regard to the (I)IoT architecture, but also standardization regarding data exchange and data sharing -- in order to enable the data economy and facilitate the establishment of data marketplaces. The wide use of data generated within the (I)IoT will lead to new, smart and data centric services in conjunction with new business models.