An Empirical Study on APPLICATION AND IMPACT OF INTERNET OF THINGS IN COMMERCIAL SECTOR Harshdeep Singh, Mayank Sagar, Dr Supreet Kaur Sahi Student Student Assistant Professor SGTBIM&IT SGTBIM&IT SGTBIM&IT Hdsk1999@gmail.com, Mayanksagar2330@gmail.com, drsupreet.sahi@gmail.com Abstract Internet of Things is fundamentally changing the way we do business. By connecting devices and sensors to the internet, we are entering an age where data analytics, connectivity, and automation are creating innovations and progress previously out of reach. Internet of Things has also affected the way of living and earning livelihood, Internet of Things is widely used for domestic purpose now it is also used for commercial activities which has led to boom in world economy. In this paper we will discuss about the impact and application of Internet of Things in the various sectors of the economy. Keywords: INTERNET OF THINGS, HEATING, VENTILATION, AND AIR CONDITIONING (HVAC), industries, Energy industry, agriculture Industry, automated shopping, RFID tags I. Introduction Basically, Consumer Internet of Things solutions are focused on individual users or families through the use of wearables, smart home applications, and personal monitoring devices. A suitable example are voice smart assistants. In other words, products that make our lives easier by performing tasks or services for us. Another common example are smart thermostats, which help reduce utility costs by turning the HEATING, VENTILATION, AND AIR CONDITIONING (HVAC) system on just when it’s needed, and off when the indoor climate is in the perfect conditions for us, even if you're away from home. These devices could last many years, but they tend to be replaced with the newest versions launched with the advent of new tech generations. Objectives of study is to  Understand the application and impact of Internet of Things on retail shops  Understand the application and impact of Internet of Things on industries.  Understand the application and impact of Internet of Things on the life of consumers II. Internet of Things in retail marketing Mukt Shabd Journal Volume IX, Issue VI, JUNE/2020 ISSN NO : 2347-3150 Page No : 7624