Internet of Things
We help clients unlock value by digitizing the physical world
The Internet of Things (IoT) has the power to transform how we live and do business. By digitizing the physical world into seamless connectivity—and leveraging data—organizations can boost efficiency, launch innovative services and create lasting value.
Video
Introduction to IoT Ventures
Senior Partner Eric Lamarre discusses the three ways IoT Ventures helps clients capture Internet of Things opportunities: Connected Products, Connected Operations, and New Business Building.
Our Key offerings
Connected Products and Services
Product connectivity and sensor augmentation allow companies to envision and launch completely new products and services
Next-Gen Operations
Digitizing operations offers the potential for step-change improvements in quality, productivity, and safety
IoT Business Building
IoT can also create opportunities to build completely new businesses, as part of a larger company or on a standalone basis
How we work with clients
We typically conduct the following five types of projects, partnering with clients wherever they are on the IoT journey.
Why McKinsey?
Value-focused
Our leading industry and functional expertise, combined with our understanding of technological possibilities, uniquely-position us to identify value creation opportunities from IoT for our clients
Full-stack technology expertise
We help companies develop IoT use cases and deliver solutions at-scale by augmenting their team with our end-to-end expertise and capabilities across the technology stack
Transformation capabilities
Scaling up successful IoT pilots to capture value at-scale can be challenging. We assure value delivery by bringing business transformation capabilities and underwriting the delivery risk.
Technology-agnostic
Our sole goal is to accelerate your scale-up by using the best technology or platform necessary. We don’t believe in a one-size-fits-all service model. Often the best solution may be completely customized, or it might involve incorporating a tool from one of the thousands of other solutions providers.
Build-Operate-Transfer
We help clients with standing up IoT/Digital Factories by providing a starting team by seconding experienced McKinsey partners and consultants. Then we help with further scaling up by recruiting talent, training and developing the organization.
Featured Insight
Report
IoT value set to accelerate through 2030: Where and how to capture it
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New research shows that the Internet of Things offers significant economic value potential, particularly in standardized production settings, but companies must achieve scale to capture it.
Featured Videos
Building an IoT business in 9 months
How McKinsey helped a telecoms company launch an end-to-end IoT platform, build an ecosystem of partners, and launch the platform’s first product.
The promise of the connected home
An interview with McKinsey Partner Kabir Ahuja on the outlook for the US connected-home market.
Toward a sentient ecosystem
McKinsey Global Institute Partner Michael Chui speaks with industry leaders about how humans, machines and the network might evolve together
Digital transformation, IoT and the future
McKinsey Partner Mark Patel joins tech industry leaders in a discussion about how the IoT will shape the future
IoT cyber risks have to be managed
Michael Chui sits down with CNBC's Sri Jegarajah to discuss cbyer security risks, the talent gap and other obstacles to capturing IoT's potential
Our people
Venkat Atluri
Senior PartnerChicago
Leads McKinsey’s technology and telecommunications work globally. Delivers large-scale performance improvement through technology,...
Mark Patel
Senior PartnerBay Area - San Francisco
Advises clients across sectors on sustainability with a focus on climate technologies; leads client work across industrial, high-tech,...
Karel Eloot
Senior PartnerShenzhen
Focuses on counseling metals and mining executives and creating value through digital transformations in the industrial sectors,...