The wider uptake of Cloud technology will play a key role towards enabling organizations to be more immersed in digitalization. It’s all well and good wanting to implement the latest technology, but if a solution lacks flexibility then it won’t drive cost efficiencies as the business moves forward. Chosen solutions should enable real-time visibility, productivity and quality improvements. Organizations not only need to assess where the addition of a specific technology will provide the most value, but also ensure the technology they want to implement is based on a flexible platform for future scalability.
The Cloud facilitates a real-time exchange of data, creating and promoting an environment of digital collaboration and integration. A collaborative supply chain that utilizes the Cloud and the information available will better connect key stakeholders, providing real-time visibility, allowing organizations to proactively manage the supply chain, driving efficiencies and enhancing risk management.
IoT is also an enabler, reducing the complexity of machine-to-machine communications. The introduction of IoT allows organizations to collect and analyze data through strategically placed sensors. The more useful data an organization has access to, the more capability it has to utilize AI and implement successful and scalable solutions.