The Internet of Things: Review and theoretical framework

•A systematic review and synthesis of Internet of Things are presented.•A theoretical framework/conceptual model is developed.•The framework adoption is intended for researchers and practitioners.•The framework guides the Internet of Things initiatives.•The framework reveals opportunities for future Internet of Things research. The Internet of Things (IoT) global arena is massive and growing exponentially. Those in the emerging digital world have recently witnessed the proliferation and impact of IoT-enabled devices. The IoT has provided new opportunities in the technology arena while bringing several challenges to an increased level of concern. This research has both practical and theoretical impetus since IoT is still in its infancy, and yet it is considered by many as the most important technology initiative of today. This study includes a systematic review and synthesis of IoT related literature and the development of a theoretical framework and conceptual model. The review of the literature reveals that the number of applications that make use of the IoT has increased dramatically and spans areas from business and manufacturing to home, health care, and knowledge management. Although IoT can create invaluable data in every industry, it does not occur without its challenges. The theoretical framework developed identifies IoT priority areas and challenges, providing a guide for those leading IoT initiatives and revealing opportunities for future IoT research.