The ever-growing collection of things which are connected to the internet, which range from the smartphones of the 21st century to the sensor equipped robots that we now deal with, is what the IoT (Internet of Things) is all about. It is the new rage that has taken over both businesses and everyday life. The world of business has been taken over by the internet and in today’s business world, which is both fast paced and mind boggling, you need to be well versed with how a business can become adapted to IoT. If you are a business owner, and you have done the research you will be able to understand the uses of incorporating IoT as a part of your business plan, so that it gives you an upper hand. The data available on IoT will tell you how businesses have benefited from it and that it has proved its worth time and time again to a number of businesses. The internet of things (IoT) has become an integral part of businesses today, regardless of the industry which you may belong to. There may even be instances where you may not realize how IoT has been incorporated into your business. For example, it may be playing a role in your business in something as simple as a smart lightbulb which you have in place for an efficient office environment, or it can be a part of a more complex system such as an interconnected network of industrial machines which are used for assessment of quality control in the manufacturing process. You may be utilizing the Internet of Things in more ways than one in your business, and sometimes not even realizing it. Whatever the manner in which IoT has been incorporated into your business, it proves one thing, that IoT is here to stay.