When the norm for computer operations was locating all computing resources within a single location IT concentrated on maintaining frequent and accessible backups to the company data. Copies of the backup were moved offsite. Some organizations even created replication sites where they installed duplicate (but usually smaller) systems that could be brought online by restoring the offsite backup in the case of a local disaster that rendered the main facilities unavailable. For a lot of companies, the process and practice has changed... mostly for the better.
What's the difference between tracking individual items using IoT technology and RFID technology? Aside from the costs associated with each - Oh wait! It's the costs of each that 's keeping both from gaining ground. Both technologies can provide item level identification but RFID can now be considered 'old' tech while IoT (Internet of Things) is the current darling of the development world. Here's what I see happening over the next few years.
Ever get billed by your bank for car insurance when you don't own a car? Does your cell phone provider fail to send you a bill, yet keeps asking you for your address? Sounds like they both have a Master Data Management problem. The recent emphasis on regulatory compliance, Service-Oriented Architecture (SOA) and mergers/acquisitions has made the creating and maintaining of accurate and complete master data a business must-do.
You already know that IoT is a term used to loosely identify items that have been imbued with enough intelligence and communication abilities to send messages across the internet. First of all, this means that these items are not human in the ways we normally think of humans using computers to send information via the Internet. But that doesn't mean that some of these 'things' can't be humans, or at least humans carrying with devices that do the communicating for them. The connections and the information are triggered by conditions as they change.
I've harped on the use of big data in the supply chain a few times already. In fact, historically one of the issues with the supply chain in general and EDI specifically is the amount of data generated by the plethora of transactions moving between trading partners. And as the demands for visibility increase so does the number and complexity of the documents.