IoT (Internet of Things) refers to billions of physical devices in the world that are connected to the internet, collect, and share data. Currently, the emphasis of IoT is on capturing our homes and offices with the evolution of smart devices.
As per tech analyst Gartner, over half the new businesses will run on IoT in the near future. It is belived that the enterprise and automotive sectors will have over 5.8 billion IoT devices. This category is wide comprising smart metres, web cameras, connected lighting, etc.