Internet of Things, or IoT, connects all technology-based devices using embedded chips to form a miniature internet-like network of connected gadgets.
Understanding IoT as a Concept
The Internet in itself is a global network of protocol-based (Internet protocol suite: TC/IP) connected devices. IoT redefines these protocols to form a closer network of devices that can easily collect and share data, even without human to human, or human to computer, formal interactions. For instance: When your smartwatch reads your heart rate all the time on its own and provides a detailed analysis of the same on your smartphone to record for medical purposes, it is a well-functioning IoT system.
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