The Internet of Things disrupting life as we know it

Tiếng Việt

The Internet of Things disrupting life as we know it

The Internet of Things (IoT) is disrupting the way business is done and the way we live our lives, according to industry experts in business and logistics.

The IoT is driving much of the conversation around the future of our societies. It has the power to revolutionise productivity in the workplace, job functions and how healthcare is delivered.

What the IoT offers has the potential to be either enormously empowering or destructive of human systems as we know them, the experts warned.

These were some of the themes discussed at the Operations and Supply Chain Management (OSCM) conference held at RMIT Vietnam’s Saigon South campus recently.

RMIT School of Business & Management Head Mathews Nkhoma welcomed the keynote speakers and conference attendees to the Operations and Supply Chain Management conference at RMIT’s Saigon South campus.

Keynote speaker Professor Shuo-Yan Chou shared that Industry 4.0 will bring a host of services that will greatly assist people in almost every area of their life. Although there is more focus in the digital world on gathering and analysing data, the aim is to increase agility and flexibility in the use of data for the growth of human potential.

“Once activity in the physical world can be recorded, we will be able to create an incentive system where we can incentivise people to learn better,” Professor Chou said.

“If we can focus on the talents of different people, we can easily double our productivity in our society.”

Professor Shuo-Yan Chou presenting at the conference.

Professor Chou emphasised the IoT’s great potential to individualise products and services to cater to people’s specific needs, which may be problematic for businesses who will face the challenge of offering and producing variety while trying to keep costs down. Healthcare should also be able to gain by offering personalised treatment plans.

“Healthcare is more or less mass-produced right now. Is there a better way [than the IoT] to provide more individualised healthcare?” Professor Chou said.

OSCM conference participants at RMIT’s Saigon South campus in Ho Chi Minh City.

RMIT School of Business & Management Head Professor Mathews Nkhoma opened the Operations and Supply Chain Management conference at the Saigon South campus, and welcomed keynote speakers Professor Shuo-Yan Chou, Director of the Center for Internet of Things Innovation and distinguished professor from National Taiwan University of Science and Technology (NTUST), and Kannan Govindan, Head of the Centre for Sustainable Supply Chain Engineering from the University of Southern Denmark.

Story: Jamila Ahmed

Business and management

21 January 2020