The article by Chui, Löffler, and Roberts discusses the emerging concept of the Internet of Things, a sophisticated information system, where information sensors linked to physical objects can monitor the environment and communicate large volumes of data for further analysis. This approach offers significant benefits as compared to the commonly used bottom-up information flow, therefore it is crucial to explore the opportunities offered by the new information system in order to enhance efficiency and competitiveness of existing operations.
The authors mainly address people, who are actively involved in the development or use of information systems, however, it is written in a simple and engaging way that would appeal also to a broader audience.
Chui, Löffler, and Roberts support the claims made in the article by describing existing information systems that function based on the Internet of Things principle. The authors provide examples of the current use of the Internet of Things in 6 application categories and outline the benefits such technology brought to the industry or company.
The concluding part of the article gives a critical assessment to the Internet of Things implementation and demonstrates some of the issues that should be addressed in order to promote the practical application the Internet of Things.
The article by McKinsey authors gives readers a comprehensive overview of the new Internet of Things concept and provides a critical evaluation of the current situation related to the development of the new kind of information systems. This paper combines an academic analysis of the issue with a practical illustration of the concepts, creating awareness among the readers, thus preparing them for the development of the new technology that is expected to revolutionize business operations already in the nearest future.
