There is a lot of talk about the Internet of Things (IoT); but, most analysts agree it's in its infancy. Amber Markim, an Operations & Marketing Assistant at Flash Global, explains, "The Internet of Things is a phrase being coined that refers to a network comprised of 'intelligent' devices and sensors that can communicate with each other. IoT promises to provide real-time performance monitoring in a world where machines and applications can self-optimize, self-configure and self-diagnose. The idea seems like a fantasy but look at the Internet of today or even cloud storage.
"Every industry is ripe for digital disruption and the supply chain industry is no exception," writes Margaret O'Donnell, a Program Manager at Rutgers Business School Executive Education. "For example, we're moving from more than 18 billion connected things in 2015 to nearly 50 billion connected devices and systems in 2020. Innovation and technology is at the core of every business revolution and so it must be with your Supply Chain." I'm not sure I would separate "the supply chain industry" from other industries.