Raspberry Pi is a small, affordable computer that allows users to connect hardware devices and sensors to build IoT projects. It runs Linux-based operating systems and can be programmed using Python or other languages. Key features include multiple input/output ports, GPIO pins to interface with electronics, and onboard WiFi and Bluetooth. Common uses include temperature monitoring systems with sensors like the DS18B20. The Raspberry Pi is configured by installing an operating system on an SD card and connecting a monitor, keyboard and power source. Remote access is enabled using SSH or VNC.