Internet of Things IoT

{
  "id": "MLC-T-INS-001903",
  "term": "Internet of Things IoT",
  "field": "Insurance and risk management",
  "definition": "A network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. In insurance, IoT devices collect real-time data on insured assets, behaviors, and environmental conditions. This data can inform risk assessment and claims management, with applications ranging from telematics in auto insurance to smart home devices for property protection.",
  "url": "https://mlchart.com/terminology/insurance/internet-of-things-iot/"
}