The document summarizes an IoT conference presentation about current and future trends in the Internet of Things. It notes that the number of connected devices is expected to grow exponentially to 50 billion by 2020, putting substantial demands on communication infrastructure. Current research aims to tackle bottlenecks through distributed edge computing and data processing to avoid overloading networks. Going forward, connected things will be able to socialize their status and integrate with human social networks, enabling spontaneous service provisioning through relevance and proximity-based discovery.