Commerce Glossary

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What is Internet of Things (IoT)?

in - ter - net of things
noun
Represents the network of all internet-connected objects (things), physical devices, that are connected to the internet over a wireless network, and are able to collect, stock, and share data without human intervention. IoT refers to any internet–connected system that can transfer or collect data over a wireless network. The IoT innovation is expanding business possibilities, because IoT devices have the ability to gather and share data from their environments with other devices and networks.

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