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The Internet of Things (IoT) is characterized by the integration of sensors, connectivity, and people/processes to enhance decision-making through smart applications. By 2020, an estimated 50 billion devices will be connected, generating significant growth in various sectors like home automation, transportation, health, and infrastructure. The value of the IoT market is projected to reach $19 trillion by 2020.











Defines IoT as integration of Sensors, People, and Processes with Connectivity.
Describes critical components: Sensors as digital sensory organs and the role of connectivity in integrating for better decision-making.
Highlights how interactions among sensors, connectivity, and processes enable new smart applications.
Showcases various applications and services of IoT across different sectors: home, transport, health, building, and cities.
Discusses the increasing integration of smart devices and services, projecting over 16 billion connected devices by 2014, expecting 50 billion by 2020.
States the estimated economic value of IoT, projected to reach $19 trillion by 2020.