The document discusses how IoT is transforming into connected service experiences (CSX) by using sensor data in real-time to trigger interactions between customers and businesses. It outlines the stages from machine-to-machine communication to internet of things to CSX. Examples of new revenue models for machine data are provided, such as priority service level agreements, personalized rates, and data remarketing. Business applications for IoT in areas like industry 4.0, asset management, and logistics are presented. Success stories of CSX implementations for street lights, vehicles, production equipment and more are mentioned.