This document discusses Apache Flink and how it enables accurate analytics for Internet of Things (IoT) applications through stateful event-time stream processing. It begins by defining IoT and event-time stream processing, explaining that IoT data is continuously generated and has timestamps. It then discusses challenges like time mismatches between event time and processing time. The document also covers Flink's capabilities for stateful stream processing including failure handling through checkpoints, updating applications using savepoints, and high availability of the JobManager. It positions Flink as a stateful stream processor well-suited for IoT use cases.