The Internet of things (IoT) is the inter-networking of physical devices, vehicles (also referred to as "connected devices" and "smart devices"), buildings, and other items—embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data.
-Wikipedia
The world of IoT is evolving at a very rapid pace. Every business has to invest time and money in this space for various aspects to be successful or to be on par with their competitors. The IoT churns huge amounts of data, and a Data Lake is the only way by which you can analyze this huge volume of data from these devices and then make sense of it for the business.
The devices would be used in various parts of business, both internal and external and according to various set rules you could use the data from them to carry out many useful business scenarios. For example, you could use IoT to manage your warehouse, maintain and manage...
