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Can you list the top facts and stats about Internet of Things?
Summarize this article for a 10 year old
The Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. The Internet of things encompasses electronics, communication and computer science engineering. Internet of things has been considered a misnomer because devices do not need to be connected to the public internet, they only need to be connected to a network, and be individually addressable.
|Internet of things (IoT)|
The field has evolved due to the convergence of multiple technologies, including ubiquitous computing, commodity sensors, and increasingly powerful embedded systems, as well as machine learning. Older fields of embedded systems, wireless sensor networks, control systems, automation (including home and building automation), independently and collectively enable the Internet of things. In the consumer market, IoT technology is most synonymous with "smart home" products, including devices and appliances (lighting fixtures, thermostats, home security systems, cameras, and other home appliances) that support one or more common ecosystems[clarification needed], and can be controlled via devices associated with that ecosystem, such as smartphones and smart speakers. IoT is also used in healthcare systems.
There are a number of concerns about the risks in the growth of IoT technologies and products, especially in the areas of privacy and security, and consequently there have been industry and government moves to address these concerns, including the development of international and local standards, guidelines, and regulatory frameworks.
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