There have been a lot of new terms swirling around the last few years that sound similar like Industry 4.0, the Internet of Things, and more!
But, have you heard of the Internet of Goods?
Let's break it down.
Thomas defined the Internet of Goods as, "Another way to more descriptively reference Industry 4.0. It involves the digitalization of manufacturing as well as the data exchange and automation involved. The Internet of Goods is widely based upon a network of producers — be they factories or otherwise — which utilize modern technology to efficiently and cost-effectively manufacture products locally, even at small scales."
This term is also used in regard to consumer input and customization of goods and mobilizing those products quickly.
As you can probably discern from the name, the Internet of Goods relies heavily on manufacturing technology to exist.
Smart distribution centers also play a huge role in tracking items and shipping quickly.
Other types of technology coming together for the Internet of Goods include 3D printing, robotics, and manufacturing platforms.
A foundation of the advancement in modern manufacturing has been the rise of manufacturing platforms. That growth is still continuing today.
The level of speed and efficiency that is quickly becoming an expectation for consumers can often be accomplished by utilizing a platform. In fact, Thomas even said they, "Are supremely altering the face of manufacturing."
If you are interested in the Internet of Goods or just learning more about our platform, contact us today!
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