Smart Asset-Tracking Will Transform Industries This Year

Article by Marc Pégulu, SupplyChainBrain Contributor

More than half of new business processes will incorporate some element of the internet of things (IoT) this year, Gartner predicts — with a thirty-fold increase in internet-connected physical devices, which will “significantly alter how the supply chain operates.”

This is hardly surprising, given that IoT has long been an area of focus for organizations looking to reap more value from their supply chains. Global corporations recognize the transformational role of IoT, and many deployments are focusing on identifying, locating and tracking the status of assets.

The market for global asset-tracking and inventory-management solutions will continue to climb steadily over the next five years. Data Bridge Market Research predicts that it will reach $31.9 billion by 2025, up from $11.8 billion in 2017.

What’s causing this growth? Here are some key trends that are impacting the supply-chain industry today: […]

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