System and method of creating abstractions of real and virtual environments and objects subject to latency constraints

A method, comprising:

• receiving over one or more communication links a plurality of input data feeds, at least a first of the input data feeds being received from one or more sensors and/or Internet Connected devices (ICDs) located in an environment, the first input data feed including information relating to the environment, the input data feeds including data that is arranged in different formats, wherein the environment includes a set of text-based messages transmitted in accordance with a text-based messaging system over a communications network, the first input data feed including a plurality of messages communicated in accordance with the text-based messaging system;
• organizing data in the input data feeds into a plurality of data records that are in a common data record format;
• processing each of the data records to obtain at one or more prescribed scales one or more abstractions concerning the environment, each abstraction specifying a change in an information parameter with respect to some other parameter, the information parameter reflecting a characteristic of the environment;
• wherein the processing is a function of either the input arrival rate, or a data feed processing rate, or both;
• storing the abstractions for subsequent use by one or more applications;
• and
• wherein the text-based messages are assignable to conceptual categories and further comprising comparing words to a database of conceptual categories to identify at least one conceptual category associated with each of the words, wherein organizing the data into the plurality of data records includes organizing each of the words and its associated at least one conceptual category into one of the data records such that the word and its associated at least one conceptual category each define an information parameter included in the respective data record, wherein the abstraction includes a change in one or more of the conceptual categories with which a word is associated.