-machine to machine communication (M2M, see One M2M e. g.)
-real time scheduling, programming, operation.
Now let us start from the other end with
(a) IoT
To plan, operate, evolve IoT systems, a digital twin "model", "showing conviently" system parameters and states as they happen, can be used.
Such digital twins can be interacted with efficiently in an augmented reality environment (see ETSI-ISG-ARF which builds and standardises an augmented reality framework).
This brings about:
(b) AR/ARF
We have shown above first a path from AR to IoT, and second a path from IoT to AR.
We have mentioned industry standards families supporting these.
Since the IoT addresses the connection of physical objects (things) and virtual representations, there certainly is a great number of operation scenarios for the combined use of IoT and AR. - Renaud already mentioned interesting aspects.
AR offers the possibility to make things visible (e.g., a computing device behind the wall), show where things are (e.g. to locate a car with a built-in sensor or to find an animal with a transponder), to display additional information (e.g. virtual text labels giving information about the battery level of a IoT device), might offer user interfaces (as Renaud already said) and much more...
However, in the IoT context the design of a AR applications requires a spatial concept. This is an interesting subject for me as a geoinformation scientist.
I am looking forward to more answers to the question.