The Internet of Things -- or IoT, a catch-all phrase for devices getting connected to the internet or another private network -- is reaching mind-boggling proportions. There are more "things" connected to the internet than there are people, and annual spending to manage this interconnected and still-expanding patchwork of electronic devices is worth hundreds of billions of dollars a year. The IoT is a total feeding trough, and it can be difficult to sift through those companies that have a "wide moat" (those with a competitive edge over their peers) from those simply benefiting from a rising tide.
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