The internet of things (IoT) refers to the network of physical objects embedded with sensors, software, and other technologies that connect and exchange data with other devices and systems over the internet. IoT allows objects to be sensed and controlled remotely across existing network infrastructure, creating opportunities for more direct integration between the physical world and computer-based systems in areas like manufacturing, transportation, healthcare, home automation, and more. Key elements of IoT include sensors and actuators to gather real-world data, network connectivity to exchange information, data analysis, and information presentation. IoT improves efficiency, accuracy and economic benefit through real-time data collection and adaptation. However, increased connectivity also presents challenges related to security, privacy and reliability that