In layman's terms, the Internet of Things (IoT) is a network in which physical objects can exchange data internally or with other connected machines. Although the initial steps are being built today, a massive expansion is expected by 2020 as connections move past computers to power billions of other devices, such as home thermostats and parking meters.
Check out this infographic created by the New Jersey Institute of Technology to look into the incoming rapid expansion of the IoT.
