The growing adoption of Internet of Things on supply chains

Shah, Satya ORCID: 0000-0001-5575-7682, Mokakangwe, Keotshepile, Bose, Keitumetes and Menon, Sarath (2019) The growing adoption of Internet of Things on supply chains. International Journal of Economics and Management Systems, 4. pp. 108-112. ISSN 2367-8925

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Abstract

There has been a vast development within the span of three centuries of industrial revolution with the introduction of modern technology. The gradual but steady adoption of different technologies including Internet of Things (IoT) in Industry 4.0 (I4.0) is now a growing research area including identifying ways for industries to operate their functions. The implementation of IoT in all aspects of human life, which results a fast paced daily life activities is a clear indication that the future is here now. The potentials for cost reduction and profit maximisation have been realised by the involved corporations and a significant number of them is already investing heavily on the new technologies. Scientists now believe that empowering the Internet of Things (IoT) to have artificial intelligence (AI) could help human beings to complete works more smartly and efficiently. The paper aims to focus on the impacts of IoT that affects the supply change management and will explain the reasons that have led to the ever-growing adoption of IoT.

Item Type: Article
Additional Information: Copyright © 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0
Subjects: H Social Sciences > H Social Sciences (General)
T Technology > TA Engineering (General). Civil engineering (General)
Divisions: Institute of Management
Institute of Management > Bolton Business School
Depositing User: Professor S.R. Shah
Date Deposited: 23 Sep 2019 14:32
Last Modified: 23 Sep 2019 14:32
URI: http://ubir.bolton.ac.uk/id/eprint/2492

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