In addition to the use of technology such as RFID, the IoT involves Web-enabling many types of products, equipment, vehicles and buildings so that users can capture and share data about the objects. Any "thing" on the network can then become a "smart object" that is part of the Internet and plays an active role in business processes.
These smart objects can potentially include any number of devices, products and corporate assets, such as cars and trucks, vending machines, pharmaceuticals, medical devices, construction equipment and other heavy machinery, gas and electric meters, traffic lights, household appliances and many other entities.
The idea of an IoT is becoming more popular with the advent of ubiquitous connectivity, lower-cost sensors and micro electronics that allow almost anything to be connected to the Internet.
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