7 Ways IIoT is Making Supply Chain Smarter and More Sustainable
When the 2017 MHI Annual Industry Report, “Next-Generation Supply Chains: Digital, On-Demand and Always-On” was released last April, it included—for the first time—research and insight into the Internet of Things (IoT).
Defined by the report as “the use of the Internet to connect computing devices embedded in everyday objects, enabling them to send and receive data in real time,” 55 percent of respondents from corporations throughout the supply chain said IoT technologies would be a source of disruption or competitive advantage, while 33 percent said they would support ongoing improvements.
Within certain areas of supply chains, the Industrial Internet of Things (IIoT)—or the devices embedded within industrial equipment—already is making an impact on both operational intelligence and sustainability.
The data from those devices, including sensors and artificial intelligence (AI), is being sent in real time along expanded communications networks, connecting enterprises to their manufacturing and distribution facilities, suppliers and transportation providers. This enables faster, real-time analytics for predictive decision making, and even allows certain decisions to be made by the equipment itself based on pre-set parameters and sophisticated programming.