IThe Internet of Things, or IoT, is one of the buzziest terms at present. Many developing technologies are part of this space. The IoT is a network of physical objects (the “things”) embedded with electronics, software, sensors and network connectivity. These elements enable objects to collect and exchange data without a need for human interaction. Each of these technologies relies on the IoT in a different way, providing a competitive advantage or differentiator.
Source: 9 Examples of How the Internet of Things Is Already Disrupting Just About Everything | Entrepreneur