IoT offers solutions for smart cities, smart businesses, and even many of the challenges we face as a society, for example managing scarce resources like water, power, oil, railway. By enabling smart tracking, smart perimeter control, smart agriculture, smart buildings, as well as smart city applications like metering and manhole cover monitoring, IoT is already fundamentally changing how we live.

IoT is the ideal solution for applications where power-constrained devices are distributed over large geographical areas. So in the case of water or electricity meters, or agricultural monitoring, to name a few, the network offers wide reach as well as power and cost savings.

IoT, put simply, is anything that’s connected to a network (including the internet) or other machines and works autonomously without needing human intervention. All the other terms just describe things that are made possible by IoT.