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Is IoT Right for Your Supply Chain?
A technological transformation is taking place in supply chains across the globe today. As businesses work to build more agile, digitally enabled supply chains, their biggest challenge is determining which tools will drive real business value. Logistics technology investments are on the rise, with organizations projected to spend nearly $88bn on supply chain tech by 2022. Of those investments, $2.63bn will include so-called “disruptive” technologies, as businesses embrace the latest innovations in an effort to sharpen their competitive edge. Emerging technologies such as artificial intelligence, machine learning and blockchain promise to improve automation and visibility across the supply chain, leaving businesses with a dizzying array of options to consider as they build their supply-chain tech stacks. The internet of things (IoT) is among the buzziest of these technologies, with billions of connected devices worldwide poised to deliver real-time, highly nuanced insights.
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