“The industrial IoT will play an important part in the evolution of supply chains from linear point-to-point models to network or circular models. Business efficiency, sustainability and regulatory pressures are causing many companies to investigate these new approaches, but IoT and blockchain actually make it feasible to adopt the new business models,” says Alan Griffiths. READ [...]
Faced with external pressures, U.S. companies often cut costs to remain competitive and many have focused their Internet of Things (IoT) strategies on how the technology can cut costs and improve efficiency, explains authors Mariani, Quasney, and Raynor. “But the IoT can also serve as a foundation for greater differentiation and innovation.” READ MORE at Deloitte Review
“Over the next five years, humans will more than triple the number of "things" connected to the Internet, growing from 15 billion today to 50 billion by 2020,” says Gordon Feller. But that’s only about 3% of all connectable things. What will the Supply Chain look like when 30% of things are connected? READ MORE
According to Manufacturing Business Technology magazine, “Manufacturing and supply chain are leading the path for digital transformation primarily through the adoption of the Internet of Things (IoT) technologies.” See how organizations are using the IoT to gain the differentiating advantage over their competition and to deliver innovative new services faster and with less risk to their customers. [...]
