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The era of the Internet of Things (IoT) is not some remote horizon, it has already begun. IoT will revolutionise how we do business and live our lives, from saving energy to supporting healthcare, providing our entertainment and streamlining the entire industrial supply chain. This EIF Breakfast examined technologies’ interaction in a complex IoT framework, explored some of the exciting changes that IoT is already bringing and which are round the corner, and considered the societal challenges and policy implications of these changes for Europe.