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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explain a use for the internet of things (iot).
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the internet of things (iot) is a network of connected devices that use internet protocols to share data or interact with each other. they are used to monitor and control physical devices remotely, and to create new applications and services. examples of uses of iot include smart homes, connected cars, smart factories, and agricultural applications, such as remote monitoring and control of water usage or soil moisture. iot also enables preventive maintenance, real-time analytics and predictive insight.
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