The document discusses COSMOS, an IoT framework that aims to develop technologies for managing exponentially increasing data from connected devices in a smart city context. Key objectives of COSMOS include enabling devices to learn from each other's experiences, extracting valuable knowledge from data flows, and facilitating end-to-end security and privacy. The framework provides capabilities for security, data management, analytics, device management, and social aspects. Example application scenarios discussed are optimizing public transport services using vehicle data and managing building energy use based on real-time appliance information.