The IoT wave is building like a thunderous tsunami, growing larger on the horizon by the day. What is missing from the conversation, however, is how large a role software plays in the IoT equation. Plugging something into the Internet does not make it work — it just makes it vulnerable. Value is created through the associated software. In fact, we have almost reached the point where the actual product or device and the associated software become a single logical unit to the consumer.

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