Jul 28, 2016 - Cookie crumbles: No Parle in Vile Parle

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
IoT is a term that has been misused and misunderstood as many times as 'cloud computing' or now 'AI'. This Economist article takes a quick look at the current state of IoT and how China stands to benefit. GE has just announced a 'digital foundry' in Shanghai. Siemens, HP, Honeywell, Cisco are all rushing in. Local Chinese companies are not far behind. China, as the manufacturing capital of the world, is well poised to take advantage of IoT to make its factories more efficient. Sensors (which are already made in China) combined with software, can ensure that billions of machines are better utilized. Industrial IoT, with relatively fewer variables, is likely to progress faster than the consumer version of it (eg: your refrigerator contacting the supermarket to restock itself).

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