IoT, short for Internet of Things, refers to the network of physical objects or devices that are connected to the internet and can communicate with each other and other systems. These devices are embedded with sensors, software, and other technologies that allow them to collect and exchange data over the internet, without requiring human intervention.

ML, short for Machine Learning, is a subfield of artificial intelligence (AI) that focuses on developing algorithms and statistical models that enable computer systems to learn from and make predictions or decisions based on data, without being explicitly programmed.