How IoT and Robotics Are Evolving To Benefit The Supply Chain? – 2 Best Points

Introduce to IoT and Robotics

If you’ve ever been to a factory setting, you might have seen giant autonomous machines completing various industrial tasks without any failure. Ever since robotics came into existence, they’ve never failed to increase the profitability and productivity of business units instead they have been the helping hand that we dreamt of. They continue to gain healthy progress and popularity in the industry.

Everyone is saying IoT is in its golden age, which is true. One of the most promising and evolving IoT trends in the coming of robotics in IoT. With the internet of Robotic things, we are actually at the centre of the robotic boom in the coming years.

Nowadays, there’s a fairly new technology evolving rapidly in the IoT sphere, known as the Internet of robotic things (IoRT). It’s a cooperative approach between IoT technology and robotics to help make the operations of supply chains even more reliable and efficient. Moreover, the technology also helps in combating the problems arising in e-Commerce such as the shortage of warehouse workers.

As you may already know, robotics is being used successfully in numerous industrial applications because they’ve got a greater level of speed, precision, accuracy, and endurance. Moreover, as the world makes further progress in robot technology, the majority of robots will become more affordable in the coming years.

However, to make sure you gain a positive ROI, a business must have a predefined strategy to implement robotics technology with the existing endpoints of IoT. This allows a business to make sure that the supply chain is operating securely and seamlessly and gain potential data, without encountering any loss of revenue or system interruption.

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Don’t let the digital Supply Chain Scare You. Big Data, IoT, Cloud, Drones, AI, and Deep Learning Are Just More Ways To Improve The Supply Chain!

If you are thinking about IoT security, then cybersecurity and digital companies are teaming together to detect the IoT threats and security needs.

With the current progress in robotics and IoT, it’ll surely be one of the most revolutionizing technologies used in the supply chain. Here’s a list of stats that highlight how IoT will be progressing in the coming years. It’ll also allow you to determine how this technology can be used to streamline industry processes and make them more cost-effective and efficient.

 

● According to research conducted by Business Insider, the total number of IoT devices will reach 41 Billion by the end of the year 2027.

A report by IBTimes concludes that the automotive industry alone contains an investment of more than $100 Billion on research and development of self-driving cars powered by IoT.

● A former researcher at Cisco named David Evans found that more than 127 devices get connected to the internet every second in the world.

● A research paper published by McKinsey Global Institute reveals that the total economic impact of the IoT can range between $4 to $11 Trillion every year by the end of 2025.

  • In September 2016, MarketsandMarkets reported an estimate that the IoRT market will be valued at approximately $21.44 billion by 2022, through the adoption in the e-commerce industry. The report noted that the connected robots can mix with various technologies and offer an ROI.

The growing trend of automation and progress in machinery has led to numerous great advancements in IoT technology. If the pace remains intact, the world can see more than two million industrial robot units by the end of the year 2022. Let’s have a look at how the evolution of robotics and IoT can help to streamline supply chains.

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How the Internet of Robotic Things is Benefiting the Supply Chain?

When talking about the general concept of IoRT, you must know that it’s simply a technology that can be used to change and monitor events occurring nearby and use them to control objects physically with the help of sensor data. The current progress in IoRT is being supported greatly by transportation, logistics, and manufacturing companies.

As they’re using the technology openly to automate industry operations by connecting multiple machines, the complex nature of the supply chain is being streamlined with the help of process-driven automated functions. It’ll not only allow them to work at a tireless speed but also simplify several processes to meet the ever-increasing requirements of the consumers

Furthermore, the IoRT technology has no specified limitations on the capacity of weight, and it isn’t even limited to the energy levels specified to them. As the e-commerce traffic and the need for faster delivery continue to increase, robotics can prove to be a game-changer for businesses that allows them to cope up with the demands and expectations of their customers.

The majority of tasks involved in the supply chain, such as relocating the products from the distribution center, are strongly dependent on robotic technology to gain a prominent level of accuracy and efficiency required to match the needs of a consumer. For instance, the use of automated guided vehicles has increased gradually in supply chain warehouses.

6 River Systems

I was reading an article on IoRT and came across ‘6 River Systems’. These river systems are IoT devices that have collaborative connected mobile robots, called Chucks. Fergel Glynn, vice president of marketing at 6 River Systems, part of the global commerce company Shopify stated that these IoT devices transmit data wirelessly to the company’s cloud-based software.

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Explaining the Chuck example and concept further, Glynn said that, ‘fundamentally, Chucks are made of pieces of hardware with software that runs locally on each Chuck. The communication backs up to the cloud. There then the robots upload data to the cloud which improves robots’ and warehouse associates’ assignments.

The Takeaway

It’s certainly a no-brainer that using IoT and robotic automation in the supply chain will result in a great boost in the revenue and productivity of a business. With endless capabilities for the modern world, IoRT technology can completely revolutionize the logistics and delivery industry forever. It also means that businesses can enjoy a higher ROI through the power and capabilities of automation and IoT.

IoRT activities become robust when they are consistently connected with centralized supply management that attaches the accountability of employees; adjusting the managers and tech departments to enhance the utilization of all inventory technologies and systems, incorporating robotics.

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