The document discusses the Internet of Things (IoT). It defines IoT as the network of physical objects embedded with sensors, software and network connectivity that enables the collection and exchange of data. The key characteristics of IoT include being event driven, ambient, flexible in structure and enabling semantic sharing. Some applications of IoT mentioned are building automation, manufacturing, healthcare, transportation and more. The document also discusses current and future status of IoT, and potential criticisms around privacy, security and social control issues.