" The internet of things (IoT) is the network of physical objects—devices, vehicles, buildings and other items—embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data. The IoT allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit. " --Wikipedia

Embedding sensor and connectivity into any object makes the object smart, leading to connection of the previously unconnectables and collection of realtime data in the way it was never possible, therefore providing decision maker with realtime insight and actionable intelligence for growth and advancement.