Warehouse and Logistics
According to recent forecasts, many car manufacturers, including Audi, Ford, Volkswagen, GM, Toyota, and Tesla, in partnership with technology companies like NVIDIA and Bosch, will produce autonomous cars by 2020. Wearable devices will also increase the efficiency of the warehouse picker, who can be guided to collection points where they can pick hands-free. Improved real-time monitoring of inventory levels and consumption trends helps to optimize the replenishment process. The IoT can automate replenishment via connected devices with the ability to initiate procurement processes and order goods directly from suppliers.
While manufacturing generates huge volumes of information, few companies are harnessing it. According to a recent survey, only 40 % of U.S. manufacturers are collecting and using data generated by smart sensors to improve their manufacturing and operating processes.