Machine Learning, which is a process to predict future patterns and incidents based on the models created out of past data, is definitely the most important part of the success of the Internet of Things in the enterprise and consumer space. The main reason is that without machine learning the entire backbone of the Internet of Things – event acquisition, event processing , event storage and event reporting – is merely a live display of events happening elsewhere and will not provide any value to its consumers. Think of a smart monitor in an oil well that monitors various climatic conditions and other factors that can cause a failure; unless the monitor is able to predict of a failure and corrects itself the usage of such solution is quite limited.