Challenges and potential for EU-US collaboration at the intersection of the internet of things and cyber-physical systems

The connectivity aspect of the Internet of Things (IoT) has received most of the attention over the last years and has led to mature solutions for IoT-connected devices. This chapter focuses on the opportunities that the provision of streams of real-time data from a large number of IoT-connected devices with sensing capabilities provides for monitoring, optimization, management, and intelligent service provision in modern socio-technical systems. In such technical systems, which are often called cyber-physical systems (CPS), real-time computing elements and physical systems interact tightly. The chapter summarizes and analyzes the technological research and innovation (R&I) priorities in the European Union and the United States in the IoT and CPS sectors. It presents R&I themes having a large potential for EU-US collaboration. The chapter gives key recommendations for promising, concrete EU-US collaboration actions on the technology themes that were developed within the PICASSO project.