“The Internet of Things (IoT) refers to the technologies and devices that sense information and communicate it to the Internet or other networks and, in some cases, act on that information. These “smart” devices are increasingly being used to communicate and process quantities and types of information that have never been captured before and respond automatically to improve industrial processes, public services, and the well-being of individual consumers. For example, a “connected” fitness tracker can monitor a user’s vital statistics, and store the information on a smartphone. A “smart” tractor can use GPS-based driving guidance to maximize crop planting or harvesting.”

Source: Internet of Things: Status and implications of an increasingly connected world | ScienceBlog.com