How Dig­i­tal Tech­nol­ogy Can Help

Boundless Magazine - - Technology & Innovation -

The need to lever­age dig­i­tal tech­nolo­gies to ad­dress the sup­ply chain chal­lenges can­not be overem­pha­sized due to the com­plex­i­ties. This in­volves trans­form­ing the sup­ply chain op­er­a­tions from man­ual & ana­logue to au­to­ma­tion & dig­i­tal re­spec­tively; de­layed to real time/near real time and from reliance on hu­man labour to tech­nol­ogy, which cov­ers pro­cesses, sys­tems, or­ga­ni­za­tion & doc­u­ments/data. Since these en­com­pass the pro­cesses and sys­tems that cut across sev­eral in­de­pen­dent com­pa­nies and in­sti­tu­tions within the value chain; it is bet­ter de­ployed as a ”Con­nected Dig­i­tal Plat­form”, that leverages Ap­pli­ca­tions web con­nec­tiv­ity to con­nect de­vices, ap­pli­ca­tions, as­sets and peo­ple to cre­ate seam­less in­for­ma­tion flow. It in­cludes:

• Dig­i­tal por­tal tech­nol­ogy sup­ported by Blockchain that en­ables op­er­a­tors to con­nect, ini­ti­ate and cap­ture the trans­ac­tions and data in a recorded chain of blocks in distribute­d ledger that is shared among op­er­a­tors for pur­pose of vis­i­bil­ity, trans­parency and ac­count­abil­ity

Photo Credit: Google

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.