The increasing adoption of IoT within industrial settings will result in a substantial growth of the number of connected industrial devices, in particular industrial control devices like PLCs, according to ABI Research. The research firm estimates that over the period from 2014 to 2020, the number of connected industrial controllers will triple, growing at an average rate of 20 percent.
Most organizations today have access to more than enough data to help improve their operations – the challenge is sifting through and analyzing all that data to find hidden insights so they can make better decisions about the future.
New data from Juniper Research has revealed that global e-retail sales are expected to reach $1.7tr this year, up by more than 17 percent on 2014's total. It argued that while recent growth had been buoyed by factors such as public Wi-Fi deployments and 4G rollout, in the medium term sales would receive a strong fillip from the trend of social media companies to act as direct sales platforms.
Electrocomponents, a global disgtributor for engineers, which has been using Amber Road's on-demand solution for screening restricted kparties, has contracted with the provider for a comprehensive trade automation export management solution.
Five public schools in Casamassima, a city in Italy's Apulia region, are using a radio frequency identification solution to identify children as they arrive, and to automate the ordering and payment of each child's lunch. Since the system was taken live in fall 2013, the technology has reduced the amount of labor for school personnel, ensured that food isn't wasted due to over-ordering and enabled parents to make lunch payments online.
Walmart has committed to investing $250bn in products that will support and create American jobs by 2023. Based on data from Boston Consulting Group, it is estimated that one million new U.S. jobs will be created through this initiative. Responding to feedback from its vendors that finding U.S. sources of supply was a challenge, Walmart plans to use ThomasNet's platform for product sourcing and supplier discovery.
The past was a simpler time for distribution operations. Technology was relatively straightforward. The supply chain wasn't "always on." There was no such thing as omnichannel distribution. That's hardly the case now.
Could it be that the Internet of Things is actually under-hyped? Yes - it could have a total economic impact between $3.9tr and $11tr a year by 2025, including $410bn to $1.2tr per year in retail environments.
Organizations must make improvements to their risk management programs in order to keep pace with the latest cyber-attack risks and data security challenges, according to the second annual 2015 Vendor Risk Management Benchmark Study, released by the Shared Assessments Program and Protiviti, a global consulting firm.