Internet of Things (IoT) exploits recent advances in software, falling hardware prices, and modern attitudes towards technology. Its new and advanced elements bring major changes in the delivery of products, goods, and services; and the social, economic, and political impact of those changes”. (a) Based on the above assertion, what is your understanding of IoT as applied in logistics supply chain. (b) Discuss the following points: (i) The key features of IoT (ii) The advantages and disadvantages of IoT in Logistics business organizations (iii) Examples of IoT devices used by different organizations to enhance their business processes.
“Internet of Things (IoT) exploits recent advances in software, falling hardware prices, and modern attitudes towards technology. Its new and advanced elements bring major changes in the delivery of products, goods, and services; and the social, economic, and political impact of those changes”.
(a) Based on the above assertion, what is your understanding of IoT as applied in logistics supply chain.
(b) Discuss the following points:
(i) The key features of IoT
(ii) The advantages and disadvantages of IoT in Logistics business organizations
(iii) Examples of IoT devices used by different organizations to enhance their business processes.
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