The Internet of Things (IoT) is the network of things (physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators) connected through internet which enables these things to exchange data. This creates opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
In simple terms we can say IoT is a system of things integrated with sensors, software's, electronics which are connected to each other & can exchange data or Information with other connected devices.
The things can be physical devices, vehicles, home appliances, electronic devices, sensors, actuators, software etc. which can be connected & exchange data.
Industrial Internet of Things (IIoT) refers to the use of Internet of Things (IoT) technologies in manufacturing and related industries like agriculture, gas and oil, utilities, and transportation to create smart, self-regulating systems.The Industrial Internet of Things is opening up a new era of economic growth and competitiveness, this will transform companies and countries. We are looking at a future where the intersection of people, data and intelligent machines will have high reaching impacts on the productivity, efficiency and operations of industries around the world.