This definition explains the meaning of Internet of Things (IoT). IoT refers to ‘smart devices’ embedded with electronics, software, sensors, and network connectivity, enabling them to collect data and automate specific tasks. Some examples include sensors that track the location of your shipments; and security cameras controlled from any internet-connected device.

Fundamental to the Internet of Things are technologies such as the cloud and networks of sensors and chips, gathering and analysing data that can be used to uncover patterns and optimise existing systems and business processes.