IoT is probably the most impactful mega trend today and a key theme as organizations across sectors embark on digital transformation. With over 1 trillion connected devices expected by 2020, comsumerization of technology and rich software-defined products, the economic impact for product companies is huge. The upsurge of sensor and mobile technologies, the scalability of cloud computing, powerful and real-time analytics and flexibility of embedded systems, enables the potential of connected products.