Oracle announced on Monday that it is expanding its Internet of Things (IoT) portfolio with four new cloud solutions to help businesses fully utilize the benefits of digital supply chains. These solutions enable businesses to detect, analyze, and respond to IoT signals and incorporate these insights into existing and rapidly evolving market capabilities.
Signals from IoT-enabled devices are growing exponentially and represent an opportunity for organizations that are able to manage, interpret, and leverage these vast sources of data.
Organizations with the tools to integrate device data into business processes and applications can gain critical predictive insights and drive cost-effective actions. IoT solutions enable businesses to deliver new services faster and with less risk to their customers.
The cloud applications integrate with Oracle Supply Chain Management (SCM) Cloud Applications to make IoT signals actionable and include IoT Asset Monitoring Cloud that monitors assets, utilization, availability, and data from connected sensors and creates incidents in the backend SCM, ERP, or Service Clouds to automate the workflows; IoT Connected Worker Cloud that tracks employees to support safety, service, and regulatory compliance initiatives; IoT Fleet Monitoring Cloud to monitors position and progress of passenger, service, and delivery vehicles and driver-behavior; and IoT Production Monitoring Cloud to monitor production equipment to assess and predict manufacturing issues.
These aforementioned IoT Cloud applications are built on the Oracle IoT Cloud and Oracle Big Data Cloud. They integrate with Oracle SCM Cloud and Oracle Service Cloud, as well as on-premises software, to enable operational visibility, and facilitate better customer service and responsiveness.
Built from the ground up for the cloud and modern supply chain, Oracle SCM Cloud delivers the visibility, insights and capabilities need to create a supply chain. With capabilities that include product innovation, strategic material sourcing, outsourced manufacturing, integrated logistics, omni-channel fulfillment, and integrated demand and supply planning, Oracle SCM Cloud is the most comprehensive SCM suite in the cloud.
Oracle SCM Cloud allows users to deploy functionality incrementally, with minimal risk, lower cost, and maximum flexibility, with the benefit of ongoing functional innovation.
“The world is becoming ever-more digital and IoT is the next step on that journey—delivering better customer experiences and helping organizations achieve a competitive advantage,” said Bhagat Nainani, group vice president of IoT applications development at Oracle. “Oracle IoT Applications enable businesses to leverage connected devices and equipment to modernize the digital supply chain.”
Oracle IoT Applications support three important functions: device registration and data collection; signal analysis and interpretation; and connection to specific business processes.
By applying advanced, predictive analytics to the device signals, Oracle IoT Applications calculate complex business-specific KPIs and trigger automated actions in real time. The solutions can deliver capabilities, such as predictive maintenance, diagnostic dashboards, and increased real-time visibility, and can be applied to manufacturing, quality, and product data, as well as logistics and employee movements.