The Internet of things (IoT)

Describes the network of physical objects, so known as, “things” — that are embedded with sensors, software, and other technologies that is used for the purpose of connecting and exchanging data with other devices and systems over the Internet. A growing portion of IoT devices are created for consumer use, including connected vehicles, home automation, wearable technology, connected health, and appliances with remote monitoring capabilities.

IoT applications use machine learning algorithms to analyze massive amounts of connected sensor data in the cloud. … With cloud-based IoT applications, business users can quickly enhance existing processes for supply chains, customer service, human resources, and financial services.