Refers to rummaging though lots of data to learn things. This would be done by an IoTThe Internet of Things. A broad term covering many different applications where "things" are interconnected through the internet. device or serviceWe are used to purchasing products outright. "Services" is a new concept where you may or may not buy the product, but optional or mandatory services come with the product. Those services may have an ongoing cost separate from the purchase price. provider. For instance, looking at what time of day a gadget gets used most, or seeing if any devices have failed.