The Internet of Things (abbreviated as IoT) is a concept of connecting interrelated computing devices over the internet. It is a platform that comprises hardware and software interacting seamlessly with each other to connect everyday things to the internet thus enabling us to collect and exchange information. IoT embraces Connectivity/Networking, Sensor Technologies, Cloud, Big Data and Artificial Intelligence to deliver a complete system for a product or service. These advanced automation and analytic systems allow greater transparency, control, and performance when applied to any industry, product or service.