The Internet of Things (IoT) is emerging as an integrated set of digital innovations with the potential to unleash unprecedented opportunities as well as to create significant challenges from both technological and societal perspectives. The emergence of IoT heralds a new dimension of a digital era with impact and influence that are not yet fully clear. This signals the opening of valuable opportunities for scholarly inquiries, particularly for information systems (IS) scholars. We posit that, as the IS discipline sits at the intersection of technical, business, and social applications of IT, which are also the essential dimensions of the impact of IoT, IS scholars are well positioned to understand and contribute to advancing research on this new topic and associated phenomena. This paper outlines the distinctive attributes of IoT and their implications for existing traditions of IS research. It further highlights some illustrative research perspectives from which IoT can be studied by IS scholars. We highlight a research agenda for IS in two different ways: first, by suggesting four categories of implications on IS research: (1) introduction of the physio-digital continuum; (2) multi-level exploration of IS; (3) composite affordances; and (4) heterogeneity; and second, by introducing four thematic impact domains: (1) impact on organizations; (2) impact on technology; (3) impact on individuals; and (4) impact on society.