23 Oct '15, 7am

Internet of Things and the Supply Chain - #IoT #supplychain

In everything we touch today – whether it’s a smart phone, a car, or even the world economy -- we are connected, wired in, and using information and knowledge. And things move quickly based on that information. If someone sneezes in China, the stock markets around the world react almost immediately. The Internet of Things (IoT) is the latest evolution of this information economy. From medical devices to automotive or industrial applications, IoT devices allow us to collect more data and analyze it more efficiently than we’ve ever been able to do before. And it’s creating a sea change in the way business is being done. Using this information, companies can transform their businesses away from selling a generalized product to selling higher-margin personalized value. And just as our customers are transforming their businesses, providers across the supply chain must also tran...

Full article: http://www.ecnmag.com/blog/2015/10/iot-and-supply-chain#....

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