| | February 20178CIOReviewlot has been said about the Internet of Things, or IoT, and its power to colos-sally change the way we interact with our devices as well as the physical envi-ronment we live in.While the adoption of IoT in the consumer space is well es-tablished, what is now becoming visible is its application in the industrial sector as concepts such as cloud comput-ing, big data and analytics become mainstream.The Reach of IoTWhat influence does the nexus of these technologies have on IoT, and what this mean for manufacturers? Funda-mentally, IoT aids in the collection of data from different `Things' - about operations, production, quality, utilisa-tion, consumption, and more, and uses it to streamline and refine the business processes. According to IDC, 2017 will see 60 percent of global manufacturers using analytics to sense and analyse data from connected products and manufacturing, and op-timise increasingly complex portfolios of products. By 2018, the proliferation of advanced, purpose-built, ana-lytic applications aligned with IoT will result in 15% pro-ductivity improvements for manufacturers with respect to innovation, delivery and supply chain performance.IoT is slowly changing the way supply chain and lo-gistics are being managed. With the explosion of data in supply chain processes, alarm systems and real-time ABy Sangram Kadam, AVP and Head - Oracle and Manufacturing IBU (India and South Asia), KPIT TechnologiesHow Internet of Things is transforming supply chain management IN MY OPINION
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