Yocto Project is an open-source collaboration project that helps developers to create custom Linux-based operating systems for embedded and IoT devices. It enables developers to customize and configure Linux distributions according to their specific requirements and preferences. Yocto Project provides tools, documentation, and resources to help developers create, build, and deploy custom Linux-based systems easily and efficiently. It is widely used in various industries, including automotive, medical, aerospace, and industrial automation, and requires specialized skills in Linux development and software configuration management.