The document discusses the Internet of Things (IoT) and its evolution. It defines IoT as physical objects embedded with electronics, software and sensors that can collect and exchange data over a network. It provides examples of common IoT application areas like smart cities, smart homes and industrial control. It also describes several standardized IoT architectures developed to help accelerate adoption, including ones from oneM2M and the IoT World Forum, which define layers from the physical devices and connectivity to edge and cloud computing.