The document discusses the OntoSmart system, a semantic multi-agent architecture designed for managing IoT data and services, particularly in smart home applications. It emphasizes the need for interoperability among a vast number of devices projected to connect by 2020, and presents a framework that utilizes ontologies to facilitate data discovery and automatic service delivery. The architecture aims to address key challenges in the IoT space, such as data heterogeneity and security, while promoting scalability and flexibility in service provisioning.