McKinsey & Company 6 9 settings have $4-11T of potential economic impact from IoT... ~ ¾ industrial or enterprise Source: McKinsey Global Institute Research on IoT Home Chore automation and security $200-350B Retail environments Automated checkout $410B-1.2T Outside Logistics and navigation $560-850B Worksites Operations optimization/ health and safety $160-930B Factories Operations and equipment optimization $1.2-3.7T Cities Public health and transportation $930B-1.7T Offices Security and energy $70-150B Human Health and fitness $170B-1.6T Vehicles Autonomous vehicles and condition-based maintenance $210-740B