Page 3 - Logistics News May 2018

Thought Leadership

The continued growth

of Internet of things (IoT)

Courtesy Supply Chain Link

Logistics experts are continually fi nding ways to utilise the Internet of things (IoT) to improve
systems and networks, reduce costs and identify new opportunities to generate more revenue.

IOT IS a system of interconnected computing manufacturers will take substantial market share
devices that have unique identifiers to from competitors. Additionally, Gartner listed IoT
transfer data over a network, without the as a top supply chain technology trend of 2018
need for human-to-human or human-to- – alongside other emerging technologies like
computer interaction. According to research blockchain, robotic process automation (RPA)
and advisory company Gartner, IoT is about and artifi cial intelligence (AI), suggesting that
to play an even larger role in retail and supply IoT will continue to be implemented in logistics
chain in the upcoming years. processes. So what practical purposes does IoT
The research fi rm stated that retailers that hold now and how is it shaping the future of the
are engaged in IoT partnerships with major supply chain industry?

2 May 2018 | Logistics News