The Internet of Things (IoT) is a path-breaking innovation. It has transformed a variety of sectors with its versatile applications: from retail to transportation, banking to healthcare, and every industry in between. One particular space where IoT can truly shine is the supply chain.
But what precisely is the internet of things, and how is it changing supply chains and industry today?
Everything connects thanks to IoT. From the perspective of the consumer, that might entail smart freezers that indicate when to restock or a water bottle that tracks the user’s rate of hydration. But the IoT holds even more promise for business, offering a way to connect vital elements of the organization, such as assets, people, and data, and “putting all that information into one place.
Precise decision making on the basis of information derived from the vast data arriving from smart gadgets is a major concern for users. Users must make use of recent developments in machine learning and artificial intelligence for it to happen. Read more....
Source Link:- https://www.inteliiot.com/blogs/5-ways-iot-can-transform-the-supply-chain-management/
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