The Internet of Things and the Digital Supply Chain – We are moving from the buzzword “Internet of Things” (IoT) to the “Digital Economy.” The concept of the Digital Economy encompasses IoT, but also includes the idea that IoT sensor data needs to be leveraged in applications that take that sensor data, turn it into actionable tasks that are embedded in the right process step that can be executed by the right person.
IoT is nothing new in logistics. In the logistics space, for example, we’ve been taking RF scans and using that data to improve warehouse processes since at least 1975 when McHugh Freeman, an early warehouse management system supplier, began business. Internet protocols make it easier to communicate that sensor data to applications. And the use of GPS in Internet-enabled fleet routing and tracking solutions has existed since the turn of the century.
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