as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how would you explain the concept of internet of things (iot) in simple words?
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the internet of things (iot) is a network of physical devices - such as smartphones, computers, appliances, and vehicles - connected to the internet, allowing them to exchange data and interact with each other. iot devices collect, analyze, and share data to help businesses and individuals manage tasks and make more informed decisions.
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