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Linda S. Moore, Policy Implications of the Internet of Things (CRS Insights) (Aug. 25, 2015) (full-text).
IoT appears poised to revolutionize every sector of the economy, creating new business models for every industry, and significantly altering how society and government function. In a June 2015 report, McKinsey Global Institute refers to "the transformative potential for many types of participants and stakeholders" of IoT. In its many manifestations, IoT also has the potential to be an important tool in addressing difficult policy issues of the future, such as urban congestion and water resource management.