This document discusses the Internet of Things (IoT) and opportunities for digital entrepreneurs. It describes IoT as allowing computers to gather data about physical objects without human input, through technologies like RFID and sensors. This enables applications like remotely monitoring equipment status. The document outlines several existing and potential IoT applications in areas like transportation, healthcare, mining, and smart cities. It advocates designing technology architectures to enable new business models focused on collaboration, consumption experiences, and social engagement.