The document discusses a panel discussion on the new role of software in an Internet of Things (IoT) world. The panelists represent companies ThingWorx, Progress Software, and Axeda. They discuss how IoT is changing businesses and software requirements, and the need for software vendors to develop platforms and solutions to connect devices, capture and analyze data, and develop applications for managing and building services in the IoT. Challenges include meeting new requirements for simplified and low-cost development, integration, security, and analytics across networks of connected things.