Oracle has announced that it was expanding its Internet of Things (IoT) portfolio with four Cloud solutions to help businesses fully utilise the benefits of digital supply chains. These solutions will enable businesses to detect, analyse, and respond to IoT signals and incorporate these insights into existing and rapidly evolving market capabilities.
“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, in a statement. ”
Oracle IoT Applications support three 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.
The new cloud applications integrate with Oracle Supply Chain Management (SCM) Cloud Applications to make IoT signals actionable and include the following products:
- IoT Asset Monitoring Cloud: Monitors assets, utilisation, 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: Tracks employees to support safety, service, and regulatory compliance initiatives
- IoT Fleet Monitoring Cloud: Monitors position and progress of passenger, service, and delivery vehicles and driver-behavior
- IoT Production Monitoring Cloud: Monitors production equipment to assess and predict manufacturing issues
Image Credit: Oracle