What is the Internet of Things? Internet of Things, commonly known as IoT, is the system in which interrelated objects like computing devices, digital gadgets, and machines within an organization are connected to the internet using sensors, software and other such technology. These objects are known as “things” in the Internet of Things and are given a unique identifier. The purpose of connecting these things to the internet is to enable the transfer of data over the internet so that it can be shared with authorised people. The major benefits of this system are, there is minimal human-to-human or human-to-computer interaction and authorized personnel can access data anytime and from anywhere. Some experts also define the Internet of Things as a concept where all the objects in the world are connected to the internet. In this blog, we will talk about the Internet of Things from a business’s perspective. What is the importance of the Internet of Things in asset management? Using IoT in