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Just about every aspect of our lives is being disrupted and reshaped by new technologies. Deloitte recently released their most current report for the 2018 Digital Disruption Index. The report covers technology changes affecting businesses.
Consider the Supply Chain. Deloitte identifies the following technologies that are impacting how it works:
- The Internet of Things
- Drones, Sensors and Authonomous Robots
- Augmented Reality and 3D Printing
- Data ownership and Sharing
The Deloitte report found that “IoT sensors on the factory floor generate data that supply chain managers use to optimize shipping and inventory process. When supply chain operations become more efficient and predictable, finance can perform more accurate forecasting and planning. This in turn, allows dynamic pricing or adjustments to cash positions based no real-time visibility of operations. Indeed, the two functions begin sharing investments in next-generation ERP, the Internet of Things, Machine Learning and RPA. Together, finance and supply chain functions shift from project to platforms, which expands the potential frame of impact.