At Powerlinx, we believe that enabling businesses to connect with each other in the fastest, most direct way is the way forward for companies to drive growth. That is why we put together some of the most straight-forward use-cases of the Powerlinx platform.
It’s no secret that technology is rapidly changing the logistics industry. But what ripple effects will the rise of the Internet of Things (IoT) have for this evolving industry?
When the Internet of Things (IoT) appears on TV news segments or in glossy magazines, it’s usually wearables such as health bands or internet-connected televisions and thermostats that get a mention.
Moving forward, digitization is prime to transform nearly every aspect of the logistics industry. With the future potential of Industry 4.0 becoming our present-day reality, the industry is in the midst of rapid change. Cloud computing, cyber-physical systems, and the Internet of Things are all changing how businesses operate. By the year 2020, the number of logistics businesses boasting an advanced level of digitization will skyrocket from 28% to 71%. Industry experts and CEOs see digitization as the best way to achieve cost reduction and revenue growth. Companies expect to see their costs fall 3.6% per annum and their revenues to rise 2.7% per annum. With the industry becoming more efficient and advanced, companies that fail to adapt will find themselves lagging behind their competitors.