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Internet of Things [IoT]

The ProcurelyIQ Glossary defines terms.
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IoT (Internet of Things) refers to the network of physical devices, sensors, machines, and equipment that are connected to the internet and able to collect, transmit, and receive data without human intervention. These devices continuously generate real‑time information that can be monitored, analyzed, and integrated into business systems to improve decision‑making, automation, and operational efficiency.

IoT is widely used in supply chain, warehousing, manufacturing, retail, logistics, asset tracking, and facilities management.

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