Originally published at https://www.business2community.com/business-innovation/why-iot-architecture-is-beneficial-for-supply-chain-management-02315025
Gartner forecasted that more than half of major new business processes will consolidate some elements of IoT by 2020. Moreover, up to 26 billion smart devices connected to the internet will be installed, making some $300 billion by the end of the decade.
Also, the study shows that a thirty-fold increase in internet-connected physical devices will dramatically alter the way the supply chain works. Besides, the enterprise and automotive Internet of Things market will grow to 5.8 billion by the end of 2020, meaning a 21% increase from 2019.