Today, we are siloed in how we think about IoT. We develop solutions for the sake of technology and continue to think in small incremental steps about the data we are collecting. It’s relatively easy and cheap to deploy a connected sensor and collect data, but it’s the easy way out and everyone is doing it. The industry is missing a critical link: the marketplace for IoT to use the data collectively and build an ecosystem for distributed monetization of data. This is where AI comes in. The convergence of AI and IoT can change this by creating a connected system of things that can be used in everyday life.