This document discusses Internet of Things (IoT) based smart environments that integrate various business applications. It begins by defining IoT and describing some of its key challenges. It then outlines several applications of IoT like healthcare, smart cities, smart farming, automotive, and smart energy. It presents a layered framework for an IoT based smart environment consisting of perception, data conversion, network, and application layers. It describes how technologies like RFID and wireless sensor networks enable data collection in IoT. Finally, it concludes that IoT brings many technical changes that can improve lives and has applications across many domains like manufacturing, transportation, healthcare and more, though security and real-time capabilities remain challenges.
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