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Internet of Things and Big Data are changing dramatically the core functions of the society: health care and education. These technologies can reduce costs and improve quality of service, lifesaving ways. The potential is enormous—but as in business, it will not be realized without substantial investments in capabilities. CIO new challenges: Transform business processes (Predictive maintenance, better asset utilization, higher productivity) & Enable new business models (for example, remote monitoring enables anything-as-a-service)