get moving and start deploying that technology , those trends are only just emerging .” Udstuen also highlights that within that article , it was referenced that successful companies that are applying this technology are doing two key things . “ One is the use of cross functional teams , and the other is making the commitment and adopting technology in production as a first step .”
Other trends within the industry seen by Udstuen include the concepts of connected factories , connected fleets and predictive maintenance . “ Starting with manufacturing there are multiple innovations and layers to the technology , some are new and some have been around for a while . In the mid nineties , organizations began investing in sensor technology , the technology to record the data from the sensors and the technology to store the data for long periods of time . In the mid two thousands this expanded into most industries which means that there are billions of sensors that have been deployed and are collecting data .
Today , the concept of connected factories and fleets is to mine new insights from not only the information that ’ s already been collected , but also new data being created . With the advancement of innovative technology such as machine learning , cloud computing , artificial intelligence ( AI ) and 5G , the concept of connected environments are becoming more and more feasible and in real-time .”
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“ There ’ s a lot of value in looking backwards and understanding what went wrong and what went right , but it is a whole new level of value to be able to look forward and anticipate problems ”
— Erik Udstuen , CEO , TwinThread supplychaindigital . com