Internet of Things: Bigger Than We Think? - Modern Distribution Management

Log In

Internet of Things: Bigger Than We Think?

There are a variety of new buzzwords in the business world, including Cloud and the Internet of Things. What do they mean, and how will they affect distribution and construction industries? Wired.com recently wrote an article suggesting that these new ideas will change the world as we know it.
Kristen-Gawalis-MDMBlog
Author
Date

There are a variety of new buzzwords in the business world, including “Cloud” and the “Internet of Things.” What do they mean, and how will they affect distribution and construction industries?Wired.com recently wrote an article suggesting that these new ideas will change the world as we know it.

Cloud computing is the ability to access and use data remotely rather than requiring local storage space. The Internet of Things (IoT) takes this concept a step further by adding sensors to everyday items to capture information about them and then transmit that data to the cloud.  That information is used to identify trends and patterns.

Some of the most useful data could be used to identify predictive indicators. The Wired.com article references a large bridge collapse that killed many people. If the bridge had been equipped with sensors, it could not only identify and transmit information about structural issues with the bridge before the collapse, but also warn drivers of things like ice or potholes.

This technology has endless applications. It can easily be used to better track warehouse picks, inventory and deliveries. Even further, information can be gathered about faulty equipment before accidents happen or damaged product before it is shipped.

Business decisions can continually improve with every piece of data collected about products, deliveries, future customer needs and business processes. The Internet of Things creates an immediate feedback system about every aspect of every process within a business.

The Cloud and Internet of Things are just a couple of examples of how powerful data can be and how it can be leveraged. At Industrial Market Information, we provide data to companies to help them make informed decisions.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.