What is Industry 1.0

Supply chain industry is undergoing massive digital transformation. However, the pace of transformation has been rather slow. One of the challenges in the transformation is that there is so much dependency among various digital technologies that if one is implemented without the other, it might lead to no value creation at all. Furthermore, some of these technologies are dependent on other technologies that are still in its early phase of adoption. The existing technologies (namely artificial intelligence, machine learning, augmented reality, internet of things, virtual reality, big data) are critical enablers for the digital supply chain network; however, to unleash the full potential of these technologies, an extensive data sharing and analysis is required. This will only be possible if there is a robust telecom network. 5G with its features of low latency, high bandwidth, higher speeds, and low power requirements is expected to fill the void and hence expedite the digital supply chain transformation.