Making your supply chain smarter – how to get more out of your IoT and machine data
August 12, 2019 / IoT Business News
For many businesses, getting things from A to B represents how they get paid and make money. For manufacturers this involves making goods and shipping them to customers, or providing parts for other organisations; for retailers, selling goods to consumers involves a mix of different channels. In between, there are a wide range of other companies, distributors and logistics operators involved in managing that physical transfer from one place to another. All these businesses have to add value along the way or they will be removed. The Internet of Things (IoT) should make this process smarter and provide a great opportunity for all companies across the supply chain to reduce their costs and improve service. Investment is growing too – Accenture found that 72 per cent of industrial companies in Europe are increasing their spend on IoT projects, while Gartner forecasts that 14.2 billion connected things will be in use in 2019, and that the total will reach 25 billion by 2021.