Digital transformation has been a buzzword these days with strategies being made for budget and resource allocation. It is believed that the amount spent on ‘going digital’ would cross $2.1 trillion in the near future. So, where exactly is the huge amount of money going? Digital transformation encompasses using digital technologies, as a cloud to make the existing processes more effective.  Digital transformation essentially aims to use technology to change the existing service into a better one with digital transformation solutions and services. However, at times due to the resistance to change and lack of thought clarity shown by certain organizations, the digital transformation efforts are seeing obstacles. Companies believe it will be easy to implement big data, internet of things, artificial intelligence, and other technologies. But that is not the case always except in case of secure cloud hosting. The first logical step to digital transformation is the Cloud.  ...

The Internet of Things (IoT) is a network that connects objects to the digital ecosystem. The internet plays an important role in the connectivity of these objects. In a factory, the objects could be machines or equipment. IoT connects all that and enables the collection and exchange of data. Cloud, Data Analytics, and Artificial Intelligence (AI) drive the digital process. IoT has transformed various industries including Inventory Management. Some of the success factors for improving Inventory Management are given below. Efficiency through Big Data Big Data enhances supply chain management . It enables real-time operations management that leads to improved efficiency. It keeps the factory managers informed about the space in their warehouses. This helps them plan their shipments and take decisions about reducing or expanding the warehouse storage capacity. Inventory optimization can take place due to insights obtained from data analytics to ensure proper inventory management. ...