The document discusses issues with data silos in IoT and proposes an open data exchange platform called ARTIK Cloud to address these issues. ARTIK Cloud aims to collect data from any device or cloud, store it securely while belonging to the user, and provide tools and machine learning to enable new applications and services by facilitating connections between data instead of isolating it into silos. This approach realizes the vision of an "Intelligence of Things" by allowing devices to collaborate and leverage collective intelligence through shared access to centralized data on ARTIK Cloud.