Protecting customer data should always be a top priority for businesses. But doing so is increasingly extending beyond moral responsibility and taking on the form of legal requirement.
Since its inception, the internet has been a souped-up, digital version of the global logistics system. It has seamlessly connected parties across the world, allowing them to transport information in the form of data to anyone, anywhere — only without the trucks, boats or planes required of traditional logistics. In its early days, the internet even earned itself the name “information superhighway” as a fitting tribute to the industry.
The potential benefits of blockchain technology appeal to the aerospace/defense sector with 86 percent of them expect to integrate blockchain into their corporate systems within three years, according to new research from Accenture.
Bottom line: Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success — while constantly learning in the process.
Artificial intelligence promises to have a profound impact on the way in which shippers and carriers do business together. Assuming, of course, that they’re able to make use of the wealth of data that the technology offers.
Four decades ago as a young engineer working for Imperial Chemical Industries Ltd., Patrick Thomas helped install one of the sector’s first digital computer systems: a mahogany-encased machine now on display in a science museum.
Supply chain management is focused on the material flow of physical goods from manufacturers to end consumers. Managing financial flows within the supply chain is extremely important as well.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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