Many of the organizations that stand to benefit from IoT technology face something of a Catch-22: They can exert great caution in deploying connected technology, thereby minimizing their chances security breaches, but also slowing them down, putting them at a competitive disadvantage. On the other hand, companies that are cavalier in how they deploy IoT technologies increase their risk of getting hacked.
Radio frequency identification provides an opportunity for the food industry to better monitor the health of animals and the storage of meat before it is provided to consumers, says German food industry company Tönnies Livestock. The company's business group has developed an ultrahigh-frequency (UHF) system for tracking pigs using a passive RFID-enabled ear tag and readers, as well as its own software to manage the collected data.
Way back in December 1890, decades before it landed its first defense contracts, Newport News Shipbuilding delivered its maiden hull, a 90-foot tugboat affectionately named for the young daughter of a former Navy Secretary. Dorothy was delivered at a loss, well over budget. Big data might have helped to curb the overrun. Augmented reality might have helped, too.
Cisco Systems Inc, Bosch Ltd and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve "internet of things" applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology.
U.K.-based luxury clothing and shirt retailer Thomas Pink launched an Internet of Things pilot at its Wall Street store in New York City this month that features ultrahigh-frequency (UHF) RFID technology to track the movement of merchandise in real time throughout the business, and RetailNext camera-based technology.
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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