Finance in Supply Chain with the help of Internet of Things (IoT)
The Internet of Things is the network of physical objects embedded with electronics, software, sensors and network connectivity which enables these objects to collect and exchange data. Watson IoT ingests data from multiple sources which collects useful data with the help of various existing technologies and then autonomously flow the data between other devices.
With IoT data, we can help Financial Service contribute and better play in the Supply Chain industry by enabling them create unique offerings for their clients based on client data. Insights are captured from a range of data using sensors which are continually monitored. This data can be used for accurate scoring for financial packages and real-time risk assessment.