GLOBAL BENEFITS: INTERNET OF THINGS Abstract The term "Internet of Things" has come to describe a number of technologies and research disciplines that enable the Internet to reach out into the real world of physical objects. The presentation will give a descriptive overview of technologies used in Internet of Things (IoT) such as nano tech, smart tech and sensors and will present the scenarios in which we apply internet of things. The main part of the presentation will delve into how IoT came create smart sectors in agriculture, health, business and manufacturing. Additionally, IoT can be used in homes to enhance safety, and increase efficiency and these processes are summarized in the presentation. Lastly, the security challenges posed by the utilization of IoT such as the need for crypo-engines are discussed and the work that can be carried out to enhance security in IoT is also presented.