IoT, or the ‘Internet of Things‘, is the ever-growing web of interconnected devices via the Internet. It is a network of interconnected devices that can communicate with each other to perform a wide range of actions. Each device in the IoT network is connected to a sensor that sends and receives data from surrounding devices. There are many applications of IoT in the business world. When machines can communicate with each other, it can lead to better efficiency, improved operations, and higher revenue.