DYNAMICALLY OPTIMIZING INTERNET OF THINGS DEVICE CONFIGURATION RULES VIA A GATEWAY

Management and optimization of internet of things (IoT) device configuration rules is provided. A gateway node identifies usage-requests that describe one or more contract events. The gateway node identifies a plurality of IoT sensors with a local IoT environment. The gateway node identifies template rules that describe conditions for registering occurrences of the one or more contract events. The gateway node identifies the template rules that correspond to the types of IoT sensors in the local IoT environment. The gateway node constructs device configuration rules based on the template rules and properties of the IoT sensors within the local IoT environment to register the occurrence of contract events within the local IoT environment. The gateway node optimizes the device configuration rules based on how the conditions and the IoT sensor in the local IoT environment change over time to, for example, increase the accuracy of registering contract events.