The term Internet of things were formed in the early 2000 when the internet was really exploding and think tanks were trying to see what the next step was after the original internet or the Internet of People. The idea was that after a period would the cost connecting and hardware for this reach a level where everything would be able to connect. We are almost there now with low cost 4G and free WIFI in many places and not to talk about the cost for the HW which continues to follow the inverse Moore’s law. Out of this have then more and more discussions arise on how we can use this and get more effective. After the economic crisis in 2008 started this process to accelerate when a lot of companies started to search more productivity. The productivity has actually during the past year slowed down significantly, large companies like GE have tried to find a way forward and in the GE case they have decided to become the new digital industrial which is all about tapping into the value of IoT and digitalization. In to following section you will find explanation how all these terms you here were developed and how they interconnect.