The field of artificial intelligence and machine learning comes with intimidating terminology and lots of new data — big data, structured and unstructured, from the web, social media, news, internet of things (IoT), events and weather. Supply-chain professionals need to understand all of this data, and become expert at deploying new services, tools and processes to manage it.
Years from now when the pandemic’s impact on global business is analyzed, it’s likely that the most lucrative change will be how it pushed — or actually shoved — massive markets into the modern e-commerce era.
While physical paperwork has long been the go-to form of communication within the supply-chain industry, electronic bills of lading are expected to become the standard moving forward.
The concept of servitization — that product manufacturers compete on service offerings instead of commoditized products — requires a fundamental shift in the way businesses think, sell, perform and deliver.
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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