IoT value even greater than the hype, says McKinsey

The value of the internet of things (IoT) may exceed the hype, according to research by the McKinsey Global Institute. “We estimate that the total potential value of IoT will be between $3.9tn and $11.1tn a year by 2025,” said Dan Aharon, senior engagement manager at McKinsey & Company. “Most of this value will come from operations and equipment optimisation in factories, chore automation and security in the home, automation in the retail sector, and improvements in public health and transportation services,” he told journalists at PTC LiveWorx Europe 2015 in Stuttgart, Germany.