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Legacy Personal Blogs How the IoT will Impact the Supply Chain
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  • Author Author: wpolk
  • Date Created: 17 Jul 2015 7:59 PM Date Created
  • Views 379 views
  • Likes 1 like
  • Comments 1 comment
  • engineering_a_connected_world
  • supply_chain
  • purchasing
  • manufacturing
  • iot
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How the IoT will Impact the Supply Chain

wpolk
wpolk
17 Jul 2015

Dianne Kibbey, global head of community for element14, was recently featured in an article on Global Purchasing's website. The piece examined how the IoT will affect the supply chain, from design engineers to manufacturers and even purchasing professionals.

 

The article centered around element14's Engineering a Connected World study, which examined 3,500 consumers' perspectives on technology, particularly with respect to the IoT. When asked where they think technology should be focused, healthcare (68%), renewable energy (66%) and the environment (56%) were the most frequent answers. This indicates an opportunity for engineers and companies to develop solutions in those areas.

 

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About the study, Dianne said "connected technology can be applied to more than just smartwatches and household appliances; it can solve real-life problems all around the globe." Engineers and entrepreneurs have the ability to develop "innovative solutions to some of the world’s most pressing problems - from climate change to sustainable farming." But they need to ensure their organizations are equipped to adapt. Manufacturers will need to stay up to speed with new IoT applications. Purchasing professionals will be tasked with bringing in new components that enable IoT functionality.

 

The article goes on to discuss how the Engineering a Connected World data is shaping element14 design challenges, such as the vertical farming challenge. "At element14, we are championing ground-up innovation and have set out to inspire new technologies that can positively impact the way we live and work," Kibbey said. "The element14 Community is actively connecting people, technologies and ideas. It is those individuals with a passion for electronics and innovation who hold the keys to creating the new connected world."

 

Read more from the article here.

 

image

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  • dougw
    dougw over 8 years ago

    Another way to look at it is where does the money go ? ...

    There are several tiers:

    1. essentials like food, shelter, clothing
    2. unavoidable taxes like government, military, healthcare, financial services
    3. powerplays like transportation, communications, education
    4. disposable income like all the fun stuff

    There is money in IoT in all these sectors, but people need #1 and want #4.

    #3 may be needed to get #4.

    When people just want #3, it becomes a subset of #4.

    Hopefully #2 gets automated into a minor annoyance. (Would you vote for that?)

    #1 grows with population, but #4 grows with imagination ... which is bigger?

    Food for thought....

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