According to Jasper's CEO the internet of things (IOT) is about service, not things. Satya Nadella, Microsoft's CEO expressed a similar sentiment - that IOT is about things such as the OS and security systems.
He also implied that IOT will be as ubiquitous as ecommerce is now.
“Just about every business is going to become an Internet of Things business, it’s an inevitability. Because not only is the way people use things transformed, businesses are transformed. For the first time, businesses are continually connected to their customers, they know how customers are experiencing their products,” Mohammed said..
See more at Steve Costello's Blog