The Internet of Things (IoT) refers to a network of physical devices that are connected to the internet and can collect and exchange data. These devices range from everyday objects to industrial equipment. They typically contain sensors to collect data and may have the ability to perform actions autonomously based on the information collected and analyzed. Key aspects of designing IoT systems include considerations around the devices' connectivity, data processing and security, as well as how the different components of the overall system will interact and communicate with each other.