human
I've been hearing a lot about the Internet of Things. What is it and how will it affect my business?
assistant
The Internet of Things (IoT) is a term used to describe a network of physical objects embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data. IoT technology has enabled businesses to connect their products and services to the internet in order to gain greater insight into customer behaviors, improve operational efficiency, and create new revenue streams. It has also opened up opportunities for businesses to use data-driven decision making, predictive analytics, and machine learning techniques to optimize operations and create more personalized experiences for customers.