IoT technology helps to track and monitor products in real-time , enabling organizations to make informed decisions about their supply chain

Top companies : iTechArt , Siemens , Vates , Samsara , IBM , PTC , GE Digital , Cisco , Telit

The Internet of Things ( IoT ) is comprised of billions of sensors that are embedded in various devices , both within the supply chain but also the wider world , like fridges and cars . The IoT allows for data-exchange – both within and between systems – over the Internet , and can leverage actionable data from every step of the supply chain . It ’ s now used for locating materials , servicing equipment and monitoring productivity and efficiency .

In 2013 , there were 20 million smart sensors in use in supply chains , feeding live data back to those controlling supply levers . In 2022 , that number hit 1 trillion . By 2030 , Deloitte predicts up to 10 trillion sensors will be deployed .

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Cloud computing technology allows supply chain organizations to store and process large amounts of data , making it accessible from anywhere at any time

Top companies : AWS , Google Cloud , Microsoft Azure , IBM Cloud , SAP , Oracle , Alibaba , VMWare , Salesforce , ServiceNow

Often people interchange the term ' cloud computing ' with SaaS ( software-as-aservice ). But although closely related , these terms mean different things .

Cloud computing ( usually referred to simply as ' the cloud ') is a broad term that encompasses various models used to deliver computing services through the Internet as a utility , pay-as-you-go model . SaaS is the best-known model in the cloud , the others being platform-as-a-service ( PaaS ) and infrastructure-as-a-service ( IaaS ). The true power of cloud computing lies in the way it changes the economics of computing .