Internet of Things (IoT) refers to the network of interconnected devices, sensors, and objects that can communicate and share data over the internet. These devices range from smart thermostats and wearable fitness trackers to industrial machines and autonomous vehicles. IoT technology uses real-time data collection, analysis, and automation, turning separate products and services into a connected system centered around each individual. Internet of Things (IoT) companies operate in a rapidly growing field with many applications, offering opportunities for efficiency gains, data-driven insights, cross-industry collaboration, and the potential for market disruption, all of which are appealing to investors seeking growth and innovation.
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