Explain IoT Insights Component in Salesforce

Make your Salesforce IoT data available to your users throughout Salesforce, giving them more information to serve customers. The IoT Insights Lightning standard component enhances your CRM data by showing Salesforce IoT information alongside it. You can include the component on Salesforce Lightning record pages, such as cases, work orders, and assets.

But for this you must have salesforce IOT license.

You can Enable it.-

From Setup, enter IoT in the Quick Find box, then select Get Started. In Enable Salesforce IoT, click Enable. In Enable IoT Insights, click Enable.