04/14/2014 03:47 pm ET Updated Jun 13, 2014

Here's What's Important About the Internet of Things Day 2014

April 9, 2014 was the Global Internet of Things Day and people and organizations from all over gathered to talk about the next NEW thing.

More than social media, more than smart phones -- and maybe because of social media and smart phones -- the Internet of Things can and will radically change our lives.

Everything from smart toilets that can monitor medical conditions, to your smart refrigerator automatically ordering orange juice when you start running low, to smart forklifts that are radically reconfiguring the manufacturing value chain -- the way the world works is about to get really exciting.

Just the fact that companies like Cisco, IBM, GE, and many more are participating in things like the Global Internet of Things day is huge. The best kept secret right now in business is how much money is actually going in to research and development in this area.

Why? Because the Internet of Things might literally unlock trillions of dollars in business value over the next few years.

Here's a short YouTube video on some presentations from #IoTDay

Beverly Macy is a thought-leader, author, and educator in emerging technology in business. Email her at