MANAGING in the

NEW WORLD

Retailers and manufacturers alike worldwide are making liberal use of technology to transform their processes. Amazon is one such example of a digitized company. This trend has also sparked debates about the loss of jobs due to automation. The use of technology to ease processes, transform businesses and gain competitive edge has been a facet every since the Industrial Revolution. But now, thanks to the involvement of smart devices, business intelligence is being captured more sharply. The Internet-of-Things (IoT) is proving to be one of the hottest developments in the so-called Industry 4.0. Its is being used widely in manufacturing. As a result of the widespread connection of smart devices, business analytics operations can now be performed even at the granular level. Predictive analysis is further being used to seek business answers.

Source:https://www.forbes.com/sites/maciejduraj/2018/11/07/how-leveraging-the-internet-of-things-for-manufacturing-can-be-a-game-changer/#3114b6421230

Uploaded Date:13 November 2018

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