The document discusses the architecture of the Internet of Things (IoT). It begins by introducing IoT and its key components. It then discusses three traditional IoT architectures: (1) a three-layer architecture consisting of a perception, network and application layer; (2) the TCP/IP four-layer model; and (3) the Telecommunications Management Network's five-layer logical layered architecture. The document proposes a new five-layer IoT architecture combining aspects of these models. The five layers are the business, application, processing, transport and perception layers. The perception layer collects data via sensors while the business layer manages the overall enterprise.