Internet of Things

Better business: How to harness value from IoT technologies

While the IoT has grown considerably, it has also faced considerable headwinds. Image: UNSPLASH/geralt

Michael Chui

Mark Collins

Partner, McKinsey & Company

Our Impact
The Big Picture
Explore and monitor how Internet of Things is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Internet of Things

a chart showing how the Internet of Things' large and growing economic-value potential is concentrated in nine settings where the technology is deployed
The Internet of Things' has a large and growing economic-value potential. Image: Mckinsey and Company
Have you read?
Image: Mckinsey and Company

a chart showing that by 2025 China could account for 26% of the estimated global economic value enabled by the Internet of Things.
China could account for 26% of the estimated global economic value enabled by the Internet of Things. Image: Mckinsey and Company


How is the World Economic Forum ensuring the ethical development of artificial intelligence?

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Internet of ThingsThe Digital Transformation of BusinessFourth Industrial Revolution
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

State of the Connected World 2023 Edition

Manuel Kilian, Puja Raghavan and Anna Alles

December 12, 2022

About Us
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum