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IoT is considered as one of the emerging technologies that would have a reverberation on global businesses. IoT enables the process of data sharing in an interconnected network of physical devices, vehicles, encapsulated with electronics, software, and sensors enabling to collect and exchange data. IoT devices can communicate and interact over the internet which enables remote access and control. IoT is the convergence of multiple technologies like machine learning, real-time analytics, sensors, and embedded systems. Adoption of IoT in various areas has various use cases apart from home automation for which IoT is popularly known.