The Internet of Things (IoT) is defined as a paradigm in which objects equipped with sensors, actuators, and processors communicate with each other to serve a meaningful purpose. In this paper, we survey state-of-the-art methods, protocols, and applications in this new emerging area. This survey paper proposes a novel taxonomy for IoT technologies, highlights some of the most important technologies, and profiles some applications that have the potential to make a striking difference in human life, especially for the differently abled and the elderly. As compared to similar survey papers in the area, this paper is far more comprehensive in its coverage and exhaustively covers most major technologies spanning from sensors to applications.