What Does Internet of Things (IoT) Mean?

The Internet of Things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices and send and receive data. The term is closely identified with radio frequency identification (RFID) as the method of communication, although it also may include other sensor technologies, wireless technologies or QR codes.

Techopedia Explains Internet of Things (IoT)

The Internet of Things is a difficult concept to define precisely. In fact, nearly any physical object can become a part of the IoT if it’s connected to the internet to communicate, be controlled, or exchange information. Anything from a webcam to a smart appliance that could be controlled with a smartphone app is an IoT device. Even larger objects such as self-driving cars or planes are becoming IoTs, or are at least enhanced by critical IoT components, such as the sensors and actuators mounted on larger ship or jet engines to ensure they are operating efficiently.