Tracy Isacke, managing director, corporate venturing, Silicon Valley Bank discusses the hype surrounding the internet of things (IoT).

To ease traffic flow, drivers in Barcelona receive a text when a nearby parking space opens up. On dairy farms, ranchers can monitor herd activity to identify the best window for their cows to become pregnant. And in Rio, city officials use weather forecasts and real-time geological data to deploy emergency personnel to landslide-prone areas a day in advance.

These are just some of the real-world uses of technology in the burgeoning network of the internet of things (IoT). Certainly, IoT has…