Back in 2009, Kevin Ashton coined the term Internet of Things (IoT). At the time, he noted:
If we had computers that knew everything there was to know about things—using data they gathered without any help from us—we would be able to track and count everything, and greatly reduce waste, loss, and cost. We would know when things needed replacing, repairing, or recalling, and whether they were fresh or past their best. The Internet of Things has the potential to change the world, just as the Internet did. Maybe even more so.
In other words, the IoT refers to a future world where all types of electronic devices link to each other via the Internet. From smart walls to smart homes, connected trackers to connected cars, soon everything will be online.