The "Internet of Things" (IoT) has come to describe a new paradigm that enables the Internet to reach out into the real world of physical objects. Technologies like RFID, short-range wireless communication, real-time localization and sensor networks are becoming increasingly common and turning IoT into reality. It is expected to grow rapidly into a huge new market domain that may lead to disruptive changes in areas such as logistics, energy management and healthcare. Mobile and collaborative applications and services utilizing information processing and process support enabled by sensor data from a vast numbers of connected and cheap devices will change many markets when being made more easily available. New event-driven architectures (EDA) providing varied information to support collaborative decision-making enable more decisions to be made closer to the problem owner. The expected impacts of the combination of IoT and EDA on business and society are formidable. It also opens the possibility to take into account additional input from users to ensure shorter turnaround from ideas to new, personalized information systems support.