Gartner: 8 Supply Chain Technology Trends that Dominated 2020

Industrial revolution 4.0 is happening and digitalization is perceived as long-term perpetual change. To prepare for the reset in a post-covid world, let’s look to innovative technologies that can give supply chain leaders a comparative advantage.

Here are Gartner’s top 8 supply chain technology trends that dominated 2020:

Hyperautomation

Hyperautomation provides a high-speed route to engaging everyone in transforming their businesses; supported by automating complexity. Supply chain leaders have to first define their own processes before using this framework. This will encourage broader collaboration and integration across domains if deployed correctly.

DCST

DSCT (digital supply chain twin) is a digital duplicate of the traditional supply chain. It is created by collecting all relevant data across the supply chain and its operating environment.

“DSCTs are part of the digital theme that describes an ever-increasing merger of the digital and physical worlds,” Titze says. “Linking both worlds enhances situational awareness and supports decision making.”

Continuous intelligence

Here is the biggest accelerator of digital transformation for supply chain leaders! Continuous intelligence can speed up data processing to a pace that you cannot imagine. Supply chain leaders can now look at processed data at any time and proceed accordingly.

Supply chain governance and security

Security breaches have been a long-term concern of many businesses. With increasing rates of digitization, supply leaders should be extra alert of governance and security. 

“DSCTs are part of the digital theme that describes an ever-increasing merger of the digital and physical worlds,” Titze says. “Linking both worlds enhances situational awareness and supports decision making.”

Edge computing and analytics

Edge computing technology is a distributed computing paradigm that improves responses and saves bandwidth. It is super helpful when you need low-latency processing and real-time, automated decision making. Some companies have adopted driverless forklifts or used them for maintenance notifications.

Artificial intelligence (AI)

AI resolves the obstacles regarding data silos and governance. The visibility and integration across networks of stakeholders in the chain will be greatly boosted with this advanced technology.

5G networks

5G proves its preeminence regarding data speed and processing capacities compared to 4G. The network can “minimize latency and enhance real-time visibility and IoT capabilities”. It brings great value to other equipped technologies across the supply chain. 

Immersive experience

Immersive experience (VR, AR, MR) is not yet implemented broadly in the supply chain management. These types of experience can benefit human resources development greatly thanks to their effect of amplifying human capabilities.

Source: Gartner Top 8 Supply Chain Technology Trends for 2020

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