The acronym IoT stands for Internet of Things, which refers to the network of interconnected physical devices that collect and exchange data over the internet. These devices, which range from smart sensors and home appliances to industrial machinery, communicate and interact with one another to automate processes, enhance efficiency, and generate insights. IoT technology enables seamless data exchange and remote monitoring, revolutionizing industries such as healthcare, agriculture, and smart cities. By facilitating real-time data access, IoT transforms how businesses operate and improve decision-making capabilities.