Internet of Things

Better business: How to harness value from IoT technologies

A visual representation of the Internet of Things.

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

Michael Chui
Partner, McKinsey Global Institute
Mark Collins
Partner, McKinsey & Company
Our Impact
The Big Picture
Explore and monitor how Internet of Things is affecting economies, industries and global issues
A hand holding a looking glass by a lake
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 responsible use of technology?

Don't miss any update on this topic

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

Sign up for free

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
World Economic Forum logo
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.


This Italian company created the first underwater Wi-Fi

Stefan Milne-U

October 6, 2023

About Us



Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum