The document defines and discusses the Internet of Things (IoT). It provides a definition of IoT as interconnected devices that can transfer data over a network without human interaction. It then explains how IoT works through sensors that collect data, connectivity to transfer the data, data processing, and user interfaces. Examples of IoT devices are given like smart lightbulbs and thermostats. Benefits to organizations are outlined as well as the importance of IoT. Applications and challenges are also summarized.