Internet of Things is a new concept wherein everyday objects can identify other devices and communicate with each other over the Internet. Using the sensor or wireless technologies, or QR codes, they gather data and take action on that data across a network. Simply put, the Internet of Things is the future of technology that can make our lives more efficient.
The IoT is significant because a physical object can represent itself digitally and connect to other objects and database data. Using this information, they act in unison to take action accordingly.