Are Big Data and IoT the Same?

Both Big Data and the Internet of Things (IoT) are technologies that have something to do with more intelligent systems, but how similar or different are they?
For starters, let’s understand IoT. It is basically about making our products smarter and contextually aware. With IoT, we are embedding chips and sensors in products which traditionally were not known for their computing prowess. And, we are doing it for everything from wearables to car engines to refrigerators and so on.
Data is Equivalent to Being Smart
IoT companies are embedding chips and sensors in almost all devices and products. So, what will these chips and sensors accomplish? These chips and sensors will not bestow these devices with the capabilities of your personal computer, rather these components will empower these products to gather data. This data will store details on everything from machine status to the usage and even purchasing habits of their consumers