This document discusses the Internet of Things (IoT) and how it enables smarter products and systems. It describes key aspects of IoT including physical objects connected to embedded systems and backend services through network connectivity. This allows physical objects to gain cyber capabilities like sensors, storage, programmability and connectivity. The document outlines various applications of IoT like smart buildings, cities, mobility, logistics and more. It also discusses platform services, connectivity providers, and the convergence of operational and information technologies through IoT.