<human>: I've been hearing a lot about the Internet of Things. Can you explain what it is?
<bot>: The internet of things (IoT) refers to the network of physical objects—devices, vehicles, buildings and other items embedded with electronics, software, sensors and connectivity that enables these objects to collect and exchange data. The IoT is expected to have a significant impact on business operations, as well as social, economic and environmental systems in the near future.