Internet of Things (IoT) describes the network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet
Lightbulbs, refrigerators, coffee makers, and other devices have transformed into conduits for the future, turning physical information into digital data
The real promise of IoT is making physical surroundings accessible to digital computers, allowing for predictions about consumer behavior and climate events
Advantages include accessing information from anywhere, improved communication, saving time and money, and automating tasks
Disadvantages include the risk of hackers stealing confidential information, challenges in managing data from numerous devices, system bugs affecting all connected devices, and lack of international compatibility standards