The Internet of Things (IoT) is an essential building block of Technocracy. The original Technocracy Study Course, written in 1934, specified requirements for implementation:

-"Provide a continuous inventory of all production and consumption

-"Provide a specific registration of the type, kind, etc., of all goods and services, where produced and where used

-"Provide specific registration of the consumption of each individual, plus a record and description of the individual." [Scott, Howard et al, Technocracy Study Course, p. 232]

With modern technology, this is only achievable through the IoT, which has more recently been termed the "Internet of Everything" (IoE) to include humans among the inanimate "things".