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Making Hay With Reams of Data—From Supply Chain Players

Within manufacturing, a shift has begun to extend big data analytics and condition monitoring beyond the factory door to both ends of the supply chain—to customers, other end users and to second-and third-tier suppliers.

Industry 4.0 and the Smart Shop Floor

The industrial revolution of today, called Industry 4.0, is driven by the interconnectedness of advanced technology, automation, robotics, and real-time data, also called the Internet of Things (IoT). While these cyber-physical systems can autonomously exchange information to trigger actions and make decentralized decisions, it’s impossible to dismiss the importance of the human element in manufacturing.

Combined with AI, IoT, Blockchain Can Meet Many Supply Chain Challenges

Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.