The concept of Internet of Things is increasing rapidly and is becoming more and more significant for professionals to understand. Many people are unaware of the fact what exactly is IoT (Internet of Things), what is IoT platform, how is can be used to improve business strategies. So what exactly is Internet of things? Internet of things is an ecosystem of connected hardware devices that are easily accessed using the internet. The ‘thing’ in IoT could be an individual wearing a smartwatch or a machine with built-in-sensors, i.e. interlinked computing devices which have to ability to collect and move data across a network without manual assistance or intervention.