IOT stands for Internet of Things. In simple terms, it refers to the connection of devices to the internet. These devices range from washing machines, cell phones, wearables, coffee machines, lamps, and anything you can think of that can be connected to the internet. As per Forbes' recent survey, by 2020, the market for IoT devices are expected to reach over 200 billion USD in revenue. With an increasing number of devices, it is now possible to collect large amounts of data and, with computing power becoming cheaper, one can use this large amount data to train and start predicting recommendations accurately.
Imagine that your car is connected to the internet and it tracks the traffic route you take daily. Based on the collected data and your calendar data, it can be smart enough to find the direction with the least traffic. Another...