The Internet of things, the term used to describe the use of sensors and other Internet-connected devices to track and control physical objects, opens up entirely new ways of doing business. It’s now possible to track individual components and products as they travel on ships, planes, or trucks. Sensors can weigh all of the parts in an inventory bin in a factory or all of the sweaters in a store’s stockroom, enabling new levels of supply-chain efficiency and inventory management. [1]
[1] James Manyika , Michael Chui for Fortune
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