“Smart connected ecosystems combined with artificial intelligence integrated in products is game changing and disruptive,” says Frank Vorrath, VP of Global Supply Chain at Johnson Controls, on the topics of traditional business and the smart building sector. Vorrath highlights the supply chain ecosystem, comprising of the entire supply and value chains, as central to success for the modern business. By incorporating smart technology and artificial intelligence companies can better connect the front-end of their business with the back-end, to create efficiency and a better service for their customers. The digitization of the supply chain ecosystem is cutting costs, creating value from new opportunities and becoming the difference between success and failure. This is true for traditional business and also for smart cities and buildings. “The overall question will be how ecosystems can be enabled by smart technology to deliver value exponentially faster, and how smart connected products transform competition,” Vorrath asks. “Value chains will transform […]