The involvement of the Internet of Things (IoT) in Business Process Management (BPM) solutions is continuously increasing. While BPM enables the modeling, implementation, execution, monitoring, and analysis of business processes, IoT fosters the collection and exchange of data over the Internet. By enriching BPM solutions with real-world IoT data both process automation and process monitoring can be improved. Furthermore, IoT data can be utilized during process execution to realize IoT-driven business rules that consider the state of the physical environment. The aggregation of low-level IoT data into processrelevant, high-level IoT data is a paramount step towards IoT-driven business processes and business rules respectively. In this context, Business Process Modeling and Notation (BPMN) and Decision Model and Notation (DMN) provide support to model, execute, and monitor IoTdriven business rules, but some challenges remain. This paper derives the challenges that emerge when modeling, executing, and monitoring IoT-driven business rules using BPMN 2.0 and DMN standards.