Today’s discrete manufacturers must extend their production expertise into the digital age. Industry 4.0 describes profound changes in all areas concerning business: technology, social, economic, and geo-political. Profound advances in machine connectedness, advanced analytics, and cloud computing have created the toolset required to support your digital transformation journey.
Industry 4.0 means a world where everything is connected to everything. Everything talks to everything, and advanced analytics and artificial intelligence create autonomous manufacturing capability. From a world of sequential, siloed transactional recording of what happened, to a world where data is real time and your operational/informational systems tell you what will happen. New technologies are creating value-chain innovations and forcing market disruptions. Globalization, new manufacturing technologies, IoT, AI, and cloud computing enable this next industrial revolution, and Oracle’s cloud solutions have these tools ready-built.
Oracle’s platform for Industry 4.0 can:
- Innovate your product lifecycle management by connecting your customer’s product experiences to your product development and support processes. Integrate critical product usage information, customer and general market sentiment, and quality issues into a continuous feedback loop for product/service innovation.
- Monitor every aspect of the production process. Track machine sensor data, contextualize operational data with business events and outcomes, integrate with ERP transactional systems, and gain nonintuitive insights to the cause and effects through machine learning and artificial intelligence.
- Support the complete business cycle for the service economy. Utilize remote asset-monitoring capabilities for new revenue generation business models, including enhanced field service automation, product as a service, service/contract management and billing, and enhanced customer experiences.
- Enhance and automate every aspect of the value chain with a system that supports new technology services, including blockchain, advanced track and trace, global trade management integration, geotracking assets and deliveries, warehouse automation, and a platform that supports digital connection throughout the enterprise.