Internet

Published on March 30th, 2018 | by Guest

0

How the Internet of Things (IoT) is Changing the Future of the Supply Chain [Infographic]

The Internet of Things (IoT), while still in its infancy, is already changing the way industries are doing business. In fact, a comprehensive IoT statistics from Medium states that the B2B IoT market will make over $300 Billion yearly by 2020, which includes $85B of the industrial sector.

Organizations expect that IoT technologies will help them refine their customer experience (70%) and enable safety (56%). Furthermore, attaining cost efficiencies, enhancing organizational abilities, and last but not definitely not the least – gaining supply chain visibility (53%) are the three most common uses of data that is generated and gathered using IoT technologies.

Supply chain management, although often overlooked by the general public, is a business aspect that IoT will make the most significant impact, according to many industry experts. In fact, some IoT technologies have been in place for some time, such as commercial telematics now being used in trucking fleets to improve logistics efficiency. Other cutting-edge applications – like sensors attached to industrial uniforms to monitor personnel safety and health – are just being tested nowadays.

The impact of IoT in supply chain comes in many ways. To know how IoT is already changing the way supply chain operators work, check out this infographic from Alba Logistics.

Like this post? Share with your friends.
Share on Facebook
Facebook
3Tweet about this on Twitter
Twitter
Share on Google+
Google+
0Share on LinkedIn
Linkedin
Share on Reddit
Reddit
0Share on Tumblr
Tumblr
0Share on VK
VK
Email this to someone
email

Tags: , , , , , ,


About the Author

Guest

Contribution of guest authors towards Techno FAQ blog



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑