"The Internet of Things (IoT) - in which connected devices are proliferating at an unprecedented rate - is a technological development that is transforming the way we live and do business. IoT continues the decades-long trend of increasing connectivity among devices and the Internet, bringing online everything from refrigerators to automobiles to factory inventory systems. At the same time, IoT encompasses a widening scope of industries and activities and a vastly increasing scale and number of devices being connected, thus raising the stakes and impacts of broad connectivity. [...] Due to its expertise in the issues raised by IoT, as well as its economy-wide perspective, the Department of Commerce (Department) is well placed to meet these challenges and to champion the development of a robust IoT environment that benefits consumers, the economy, and society as a whole."
U.S. Department of Commerce: http://www.doc.gov/