Executive Briefings

There's More Talk About IoT's Benefit to Supply Chains Than Actually Being Realized

Innovations such as robotics and automation have paved the way for more efficient, productive and intelligent industrial operations. And with these technological advancements comes the increasingly pervasive Internet of Things (IoT), which delivers increased data and sharing communication that Microsoft estimates could lead to $90bn in added value for manufacturers annually.

According to Gartner, there will be nearly 26 billion IoT devices by 2020.

While the IoT’s impact on manufacturing is being widely researched and discussed in industry-leading publications, Forbes notes that only 10 percent of industrial operations are currently using the connected enterprise. To stay competitive in a marketplace where companies increasingly need to do whatever they can to survive, it’s critical for manufacturers to harness the power of connectivity to streamline supply chain operations and provide an improved experience for customers.

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According to Gartner, there will be nearly 26 billion IoT devices by 2020.

While the IoT’s impact on manufacturing is being widely researched and discussed in industry-leading publications, Forbes notes that only 10 percent of industrial operations are currently using the connected enterprise. To stay competitive in a marketplace where companies increasingly need to do whatever they can to survive, it’s critical for manufacturers to harness the power of connectivity to streamline supply chain operations and provide an improved experience for customers.

Read Full Article