The document defines Internet of Things (IoT) as connecting physical objects through internet connectivity, allowing these "things" to sense and collect data and operate. It discusses how IoT has evolved from connecting computers to now connecting various physical objects and devices through technologies like sensors and RFID tags. The document also outlines some key aspects of IoT like its history starting at MIT, ubiquitous networking to enable interactions between connected things, how things/objects are defined as smallest addressable units called atoms, use of identifiers instead of IP addresses, applications of IoT in areas like smart cities and agriculture.