The IoT (Internet of Things) is getting closer all the time. Of course it's easy to think about connecting your thermostat (already done), your refrig (already done) and your TV (also already done). But that's just the tip of the iceberg. Two of the main stumbling blocks to proliferation are price and size. But that's about to change in a big way, paving the way for the replacement of RFID devices as supply chain management tools.
As volumes of Big Data increase, the ability of a business to take advantage of it will be a strategic advantage. By making decisions faster than competitors will be key to survival. The CIO needs to understand HOW decisions are made and put the ducks in a row to get the right data, get the right tools, and, most importantly, present to management in a way that is USEFUL. I have picked a few key issues to discuss.
We're constantly seeing new uses for big data. So much so that it's not even necessary to describe what the term means. Is the use of huge amounts of amorphous data making us better at our work, or is it adding layers of abstraction over the realities of the world?
The more I read about how smart items are evolving, the more I'm convinced that the supply chain needs to be at the front of the line in devising strategies for dealing with, enabling, and making use of these technologies. The triad of technologies that I see most important to the efforts are digital tags, 3D printers, and mobile communications.
A new term (at least to me) has emerged that is being used in conjunction with the IoT. We've discussed the Internet of Things a few times and I've even suggested that the technology behind IoT could supplant RFID. One issue with managing the thousands or hundreds of thousands of items that will eventually populate this new category is the volume of digital chatter that will crowd the existing network infrastructure and the Cloud.