May 2017 - How IoT is Revolutionising the Electronics Industry
Published on: 31/05/2017
As IoT continues to evolve, technology is fast becoming more personalised to consumer lifestyles. IoT is usually referred to as electronics or wearable technology but it is much more than that, it is transforming the economy and the supply chain.
The launch of IoT means that manufacturers can now benefit from the combination of mobile computing and cloud services. This changes how the delivery and fulfilment companies are performing their operations and the services they offer.
In a recent report conducted by Cisco, it is predicted that the total amount of data created worldwide by connected people and things will reach up to 500 zettabytes (1 zettabyte is the equivalent of 1 trillion gigabytes) by 2019. This is a clear indication of how IoT will affect manufacturers and the supply chain from processes such as inventory management, manufacturing and logistics.
With the introduction of the latest supply chain technology and the integration of IoT, a smart warehouse will boost efficiency and productivity. Manufacturers will benefit from increased productivity which in a recent Zebra Technologies report has shown that 7 out of 10 supply chain decision makers plan to accelerate their use of technology to create smart warehouses by 2020.
IoT devices are becoming smarter, they are connecting millions of devices together, no matter where they are. Mobile procurement will become an integral part of manufacturers and distributors purchasing strategy. The usual procurement workflows such as suppliers, staff and customers will be handled through IoT devices.
The ability to control thermostats by hand held devices on the go, also known as smart home applications, is a rapidly growing trend. IoT technology continues to expand this concept in to different industries such as retail and healthcare. Fleet management is also on the verge of transformation with the benefits of greater visibility, information sharing in real-time, eco friendly operations and vast data segmentation.
IoT is quickly becoming the way of the future, not just by technology at work but in all aspects of our social life. IoT aspires to be the norm and it fats becoming a necessity, manufacturers and distributors that embrace IoT today will have a competitive advantage in the future when the IoT shift has fully revolutionised the industry.
GD Rectifiers are the UK’s largest distributor of electronic components; they work directly with some of the world’s leading semiconductor manufacturers.
For further information on GD Rectifiers’ complete product range click here.