Recently most companies have realized the importance of using digital technologies, especially the internet of things and big data, as it has a great impact on several industries such as Fast-moving consumer goods (FMCG), Transportation/Logistics, Automotive, Textiles and ready-made garments, Pharmaceuticals, etc. Before applying the internet of things and big data, companies must first assess the readiness to ensure the successful implementation and avoid organization failure. The purpose of this research is to investigate the readiness of Egyptian companies to adopt the internet of things and big data. Thus, this research proposes the readiness model for the internet of things and big data which consists of nine factors: strategy, top management involvement and commitment, financial readiness, team readiness, technical richness/skills, IT readiness, data architecture, security, and data quality. This is a work in process research that will study the readiness of Egyptian companies to adopt the internet of things (IoT) and big data (BD). In this paper, the literature review and theoretical framework for assessing the internet of things and big data readiness of Egyptian companies are presented.