Internet connects people to people, people to machine, and machine to machine for a life of serendipity through a Cloud. Internet of Things networks objects or people and integrates them with software to collect and exchange data. The Internet of things (IoT) influences our lives based on how we ruminate, respond, and anticipate. IoT 2020 heralds from the fringes to the data ecosystem and panaches a comfort zone. IoT is overwhelmingly embraced by businessmen and consumers due to increased productivity and convenience. Internet of Things facilitates intelligent device control with cloud vendors like Amazon and Google using artificial intelligence for data analytics, and with digital assistants like Alexa and Siri providing a voice user interface. Smart IoT is all about duplex connecting, processing, and implementing. With 5G, lightning faster rate of streaming analytics is realistic. An amalgamation of technologies has led to this techno-industrial IoT revolution. Centralized IoT architecture is vulnerable to cyber-attacks. With Block Chain, it is possible to maintain transparency and security of the transaction's data. Standardization of IoT devices is achievable with limited vendors based on Platform, Connectivity, and Application. Robotic Process Automation (RPA) using bots has automated laborious tasks in 2019. Embedded Internet using Facial Recognition could reduce the pandemic crisis. Security concerns are addressed with micro-segmentation approaches. IoT, an incredible vision of the future makes systems adaptive with customized features, responsive with increased efficiency, and procurable with optimized cost. This paper delivers a comprehensive insight into the technical perspectives of IoT, focusing on interoperability, flexibility, scalability, mobility, security, transparency, standardization, and low energy.