The document discusses the challenges of managing the massive amount of data that will be generated by the Internet of Things (IoT). It argues that storing all raw IoT data authoritatively and allowing for hypothesis exploration through computation will require new approaches. ZFS storage combined with OS-level containers through systems like Manta may provide a way to cope with IoT-generated data at scale while enabling flexible analysis of non-fungible data. The document also discusses how Unix and its model of small, interconnected programs was well-suited for ad hoc data processing tasks.