A new Boston Consulting Group study predicts wider adoption of IoT tech in the supply chain to automate inventory management processes.
According to a new RFID Journal article, “How the IoT is Providing Lessons for Supply Chain Innovation”, supply chain managers are embracing Internet of Things (IoT) tech, particularly in the area of inventory management.
A 2017 Boston Consulting Group (BCG) study points out that IoT market in discrete manufacturing will grow from $10 billion in 2015 to $40 billion in 2020, and automated inventory management is one of the top most important use cases.
The RFID & Wireless IoT Tomorrow 2018 conference features a new focus on automotive applications. Xerafy’s customers and technology partners will highlight Xerafy’s RFID and IIoT solutions at the show.
This year’s RFID & Wireless IoT Tomorrow conference will run on October 30 and 31 at the Darmstadtium in Germany. Fittingly, this year’s conference will feature a heavy focus on the automotive sector. As part of the Automotive Forum at the show, industry giants Mercedes and Volkswagen are participating. The two companies will conduct presentations during the conference sessions about how they have applied RFID as a key technology in supply chain and logistics applications.
RFID bridges the gap between physical and digital worlds to create unprecedented efficiencies and competitive advantages.
“Digital Transformation” is the latest tech-related buzzword to take hold in the press and in boardrooms around the world. The term means different things in different markets; but in general the idea of digital transformation revolves around breaking down barriers between the digital and physical worlds. In some cases, that may mean transforming paper-based information into digital data; creating digital avatars of physical machines or equipment in order to better monitor or control them; creating a more interactive online environment for customers; or linking more physical objects to the network.
The healthcare market is embracing the use of Internet of Things (IoT) and smart medical device technology to improve the quality of care and reduce costs.
The global market for smart medical devices is growing rapidly. The use of Internet of Things (IoT) solutions for critical operations in healthcare is increasing day by day to improve access to care, enhance quality and outcomes, and reduce the overall cost of care delivery.
While the idea of connecting medical devices to the network was originally centered around location tracking and some level of data reporting, the expansion of the IoT has taken smart medical devices to the next level. Using the technology, clinicians can glean important information about multiple aspects of patient health and quickly take steps to mitigate potential health problems.