The document discusses the Internet of Things (IoT), which connects physical objects through sensors and networks. It notes that currently only 1% of physical objects are connected, but that number could grow to 50-100 trillion connected objects. Examples of IoT applications discussed include infrastructure management, manufacturing, transportation, healthcare, and more. Issues raised include privacy, security, and electronic waste. The Berlin Brandenburg International Airport project is used to illustrate potential problems, as it went vastly over budget and behind schedule due to mismanagement.