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According to the research firm Frost & Sullivan, the Internet of Things (IoT) which is also known as connected devices will transition to cognitive IoT in less than 18 months. IoT enables to gather and exchange data between interconnected devices like vehicles, computers, buildings, and machines embedded with software, sensors, and other electronics without human interference. Initially, IoT was developed to make use of the internet and various sensors to translate the physical industrial word to digitized information.