This document discusses the Internet of Things (IoT). It defines IoT as a system of interconnected computing devices, machines, objects, animals, and people that are provided with unique identifiers and the ability to transfer data over a network. It notes that IoT affects different industries in various ways, such as helping manufacturing organizations track tools and machines. The document also outlines some challenges of IoT, such as managing the lifecycle of collected data and addressing security vulnerabilities. Finally, it explains that IoT works by assigning static IP addresses to connected objects and machines to enable them to share data over the Internet.