When it comes to managing your warehouse, if you want to stay competitive and improve profitability, you will need to evaluate and adopt crucial technology trends.
Take a look forward to the trends that are shaping the warehouse management industry.
#1: Digital mobility via Cloud
Mobility continues to impact the business landscape and businesses are moving their systems to the cloud in droves.
In 2016, there will be continued integration of mobile devices and business.
With business applications available via any mobile device, employees in every function will be able to collect, analyze, and report on information on any smartphone or handheld.
Large companies already accept mobile payments, but that capability will soon be expected across the board. New mobile technology in the form of wearables will also move into warehouse, sales and mobile field service.
On-premises applications are rapidly being replaced by cloud applications because cloud software offers efficiency and cost savings.
As a result, subscription models are becoming commonplace. This trend is strong in warehouse management with cloud applications for inventory management, mobile sales, and mobile field service.
#2: Increased Cybersecurity
Increased connectivity means that security threat detection and mitigation are high priorities.
The unrelenting adoption of cloud, mobile, and social media have significantly increased the complexity of how corporations and individuals interact with and try to protect their devices, systems, data, personal information, and money. Self-protecting applications and behavior analytics stand to improve security.
#3: Big Data means Big Changes
Users are becoming increasingly global and consuming more data.
Big data analytics and the Internet of Things (I0T) will continue to impact how we do business. IoT is about interconnecting and creating intelligence from all the devices around us.
This game-changing technology will offer enormous cost savings and massive productivity enhancements in the future.
The sheer volume of data is staggering, but it offers a world of opportunities for businesses to better manage inventory, improve customer relationships, and enhance daily operations.
#4: System Integration
System integration across all applications continues to gain momentum.
Connectivity and big data further drive the need for all business systems, including warehouse management, to be operating on a common database.
Business application companies will create more partnerships to enable seamless transfers of information and a single point of access.
#5: Business Intelligence
People have an increased appetite for more advanced analytics to answer deeper questions.
Visual analytics will serve as a common language, empowering people to reach insights quickly, collaborate meaningfully, and build a community around data. Advanced analytics are for everybody, not just the analysts.
Business intelligence will continue to impact the management of inventory and the entire supply chain.