You may not be sure why your coffee pot should talk to your toaster, but precision technology powering an industrial Internet of Things has the potential to reshape the planet. To help clarify, Dr. Timothy Chou has created Precision to introduce us to the basics of the industrial Internet of Things (IoT). The first part - Precision: Principles and Practices - introduces a vendor-neutral, acronym-free framework. Dr. Chou then discusses the framework's fundamental principles and these principles put into practice. The second part - Precision: Solutions - puts Dr. Chou's IoT framework into practice highlighting 14 real world solutions for manufacturers who are building precision machines and companies utilizing these machines to receive precision enhanced business outcomes. Case studies discussed span a number of industries such as power, water, healthcare, transportation, oil & gas, construction, agriculture, gene sequencers, mining and race cars.