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The revolution generated by the Internet of Things (IoT) has radically changed the world; countless objects with remote sensing, actuation, analysis and sharing capabilities are interconnected over heterogeneous communication networks. Consequently, all of today's devices can connect to the internet and can provide valuable information for decision making. However, the data collected by different devices are in different formats, which makes it necessary to develop a solution that integrates comprehensive semantic tools to represent, integrate and acquire knowledge, which is a major challenge for IoT environments. The proposed solution addresses this challenge by using IoT semantic data to reason about actionable knowledge, combining next-generation semantic technologies and artificial intelligence through a set of cognitive components that enables easy interoperability and integration for both legacy systems and emerging technologies, such as IoT, to generate business value in terms of faster analytics and improved decision making. Thus, combining IoT environments with cognitive artificial intelligence services, COSIBAS builds an abstraction layer between existing platforms for IoT and AI technologies to enable cognitive solutions and increase interoperability across multiple domains. The resulting low-cost cross platform supports scalability and the evolution of large-scale heterogeneous systems and allows the modernization of legacy infrastructures with cognitive tools and communication mechanisms while reusing assets.

COSIBAS Platform—Cognitive Services for IoT-Based Scenarios: Application in P2P Networks for Energy Exchange