Here's a neutral, objective, and interesting summary of the text in one paragraph: Latency refers to the time it takes for data to be transmitted from the sender to the receiver, affecting various aspects of digital communication. It can be categorized into different types, including network latency, which is the delay between an action and the Internet's response, as well as latency in IoT devices and VoIP services. Low latency is crucial for industries like video gaming, streaming, financial trading, telecommunications, and security, where it ensures a smooth user experience. To reduce latency, strategies such as reducing content on web pages, using Content Delivery Networks (CDNs), understanding network conditions, and choosing low-latency products can be employed. Understanding the nuances between latency, bandwidth, and throughput is also essential to effectively manage digital communication.