Internet of Things - Connecting the information and material flows in autonomous cooperating logistics and transportation processes

The world is currently experiencing the emergence of the Internet of Things paradigm, which is revolutionizing a wide range of business sectors and private well-being. The IoT paradigm is evident in virtually everything we do, be it lifestyle, business or public administration, and will exponentially become more pervasive in the coming years . As of 2014, it is estimated that there is one connected IoT device per person; by 2020 this will increase to 9, underlining the validity of the paradigm. The logistics and transportation sector is emerging as a leader in embracing the IoT paradigm, and many organizations are employing it to efficiently manage their processes, addressing some of it major challenges;