Node.js is an open-source, cross-platform runtime environment for server-side web applications, initially created in 2009 by Ryan Dahl. It supports asynchronous I/O, allowing applications to remain responsive while processing data, making it particularly well-suited for real-time, data-intensive applications essential for the Internet of Things (IoT). The Node.js community actively supports IoT development, with numerous modules available for various devices, reflecting its widespread adoption and efficiency in managing extensive request streams.