Declining Prices of IoT Sensors Is Extending Penetration Farther into Manufacturing Processes

The rise of IoT will significantly change many industries. However, companies that use IoT devices have faced various challenges mainly due to high cost of these devices. Companies in inventory and supply chain management have in the past experienced increased spending, and this is likely to go on between now and 2023. The increase in spending will result from new models of business that include software and products-as-a-service. The reduced cost of IoT sensors, increased connectivity and emerging software will be the leading areas that manufacturers will take advantage of going forward.

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Why EDI is not sufficient for tracking the cold supply chain and what is the solution.

It’s rare that I decry EDI, but I encourage a serious look into how and if this bastion of trade is keeping up with the needs of commerce and incorporating the most appropriate technologies. Here’s a look at what might be a shortcoming that needs to be addressed.

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How Will Successes in Industrial IoT Translate to Consumers?

Businesses are rushing to embrace internet of things (IoT) technology, but consumers hesitate. According to Statista, companies in manufacturing, logistics, and utilities plan to invest a projected $40B in IoT platforms and services by 2020.

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The Cycle is Your Friend

Planet-Hype-500x439Gartner’s ‘Hype Cycle’ is a pretty handy little tool. It’s not exactly Moore’s Law, but as far as providing insight into where hot technologies are in the public conversation, it does a great job. If you know where your technology sits on the cycle’s pathway, you can pretty much predict where it’s going, at least from a hype standpoint.

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