The Internet of Things has a significant impact on operations and supply chain management, linking devices to the internet to make autonomous decisions and collect data for various applications.
The Internet of Things (IoT) has a significant impact on operations and supply chain management, contrary to the statement provided in the question. The IoT involves the connection of various devices to the internet, allowing them to interact and make intelligent decisions autonomously. This connection results in a network that collects, processes, and analyzes vast amounts of data to benefit numerous applications.
As described in the sources provided, the IoT poses security and privacy risks, as these interconnected devices can be vulnerable to cyberattacks. Additionally, the IoT brings about changes in how businesses operate and supply chains function, emphasizing consumer-focused supply chains and customized products and services. This shift towards the IoT has implications for both businesses and individuals, from enhancing efficiency to raising concerns about privacy and security.
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