The document discusses the Industrial Internet of Things (IIoT) and its potential benefits. It notes that the IIoT involves intelligent industrial products, processes and services communicating over networks. Trillions of dollars in benefits are possible from the IIoT through improved operational efficiency, new products/services, and an outcomes-based economy. Realizing these benefits will require connected ecosystems and platforms to aggregate and utilize data to create new value-added services. The most transformative impacts will be the emergence of an outcomes economy and tight integration of digital and human labor.