Innovation and Opportunity in the Industrial Internet of Things [Video]
Digital Technologies: Advancing Company Process and Risk
SPEAKER: The Internet of Things offers you the ability to track and monitor what's happening all along your supply chain and at every step of your manufacturing process. It's efficient and reassuring, right? Maybe not. Let's say you use RFID tags to track supplies or finished product.
Supplies move along an animated map.
What if someone hacked your RFID system and then passes that information to competitors? Think about it. Your competitors could then learn who's making your parts. They could steal proprietary information. They could break into your sales, pricing, or inventory management systems.
Don't let this happen to you. Being connected is your competitive edge. It helps you deliver as promised. Yet, it makes you vulnerable in ways you never were before. Get ahead of these risks with Travelers. We have the expertise in risk management, supply chain disruption, and cybersecurity that can help protect your people, your equipment, and your business from the risks of connected manufacturing.
Contact your Travelers representative today.
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Developing a new product results when opportunities outweigh the risks. Today’s digital technologies make it possible for manufacturers to stay competitive with streamlined processes that enable efficiency and precision. But, they also can present new types of threats, many of which are difficult to detect. One wrong command, whether caused by human error or malicious code, can damage a company’s product, reputation and customer confidence. Our expertise in risk management can help protect your people, your equipment and your bottom line for continued growth in the years, and technological advancements, to come.
The Internet of Things allows manufacturing companies to effectively monitor, analyze, and update their processes every step of the way. And, while new technologies can help improve company performance and productivity, they can also make you vulnerable. Whether it’s a malfunctioning software program or a system glitch that causes RFID information to become corrupted, one small error can have a big impact, causing missed commitments, delays and reputational harm. Our experience in supply chain management, cyber preparedness and security allows manufacturers to confidently stay connected and competitive.
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