The Internet of Things (IoT) has quickly become part of the high-tech vernacular. IoT-enabled devices and machine-to-machine connectivity are rapidly creeping into our homes, cars, schools, and cities. It's getting harder to find an area of life not yet touched by the grand plans IoT visionaries want to bring to the world.
But, as is often the case, the crossover between end-market adaption, manufacturing floor alignment and supply chain sentience takes a little longer to shake out.
This year, however, could be the tipping point if Software AG's recently released top ten predictions for the manufacturing and supply chain industries come to fruition.
For starters, the company expects to see innovative manufacturers leap ahead and use more and better sensors, add more comprehensive automation and increasingly choose local fabrication.
"In 2015, we will see manufacturers and their partners accelerate the implementation of initiatives that will deliver on the promise of the Internet of Things," Sean Riley, global manufacturing and supply chain solutions director at Software AG, said in a statement. "For some companies, this will be a challenge, but for many others it will be a year of great opportunity leading to significant competitive advantage."
"The ability to drive further cost savings and reduce time to market depends on the manufacturer's ability to trust in continuous, automated monitoring of all systems," added Riley. "The organizations that successfully adopt and scale will bring new technologies mainstream faster than people realize."
Here are the 10 IoT-related trends that could shape manufacturing and supply chain strategies in 2015:
Tracing the IoT Revolution