Product launches kept the Oracle Internet of Things Apps team very busy in 2017. Starting early in the year, Oracle announced the availability of four Internet of Things Applications – IoT Asset Monitoring Cloud, IoT Production Monitoring Cloud, IoT Fleet Monitoring Cloud, and IoT Connected Worker Cloud. Later that year, Oracle launched an additional product to the lineup – Service Monitoring for Connected Assets Cloud – making a total of five production ready IOT powered apps.
Supply Chain Driving Adoption of Oracle IOT Apps
Internet of Things have multiple applications, but as noted in an article by The Register, modern e-commerce challenges in supply chain are primed for a digital transformation, where Internet of Things plays on center stage. Oracle has focused its IoT effort on supply chain and has seen a lot of customer traction. Here is a quick overview of the five Oracle IoT powered apps:
IoT Fleet Monitoring Cloud: E-commerce has driven the need for last mile delivery directly to the consumer – which requires the tracking of the vehicle that delivers to the final destination. With Fleet Monitoring, you can track real time status of your fleet, such as real time location and current fuel levels using the Fleet Monitoring app. You can actively monitor your fleet such as vehicle idle time (driver sleeping on the job) or geo-fencing violations (driver deviated from planned course). And with machine learning built in, you can predicatively maintain vehicles, optimize logistics, and reduce fuel consumption – all while improving customer satisfaction.
IoT Asset Monitoring Cloud: Real time asset management is starting to provide companies the competitive edge to achieve more with less. With Asset Monitoring, you can track any asset and achieve ROI in days by increasing asset utilization, decreasing down time, reducing maintenance runs, eliminating stock out, which can even prevent theft. In some of our engagements, assets under consideration include remote vending machines, expensive medical equipment, and service robots. Need to boost revenue from your assets? Asset monitoring can do that by allowing asset owners to sell asset subscription services.
IoT Production Monitoring Cloud: Imagine running a global factory in the dark, 24/7 – it was this desire that drove the need for Industry 4.0. With Production Monitoring, real time factory data (either from IoT sensors or integration with existing MES systems) is collected, filtered, and analyzed for anomalies in real time. That data can be integrated with business logic to send a notification, alert a production manager to plan for contingencies, or trigger an inventory manager to start looking for surplus to cover the production shortfall.
IoT Connected Worker Cloud: How do you ensure that your worker health and safety policies conform to both regulatory compliance and corporate obligations? With Connected Worker, you can track the location (3rd floor, room 12), status (not on break, last movement was 3 minutes ago), and condition (heart rate elevated) of monitored workers. When working in hazardous environments, geo-zones can be entered into the app by workers in real time. This will warn other workers to avoid the hazard zone. The app will track workers who don’t have status updates, as well as detect lone workers in high risk areas.
Service Cloud for Connected Assets: Modernize your customer’s experience when they use your product. Connected Assets can send real time data about your product to Oracle Service Cloud, which can in turn transform that data into customer satisfaction. For example, when the product used by your customer is inoperative, Service Cloud can automatically identify the user, proactively create and send a ticket on behalf of the user, notify customer support of the issue, and make a recommendation for a field technician to repair the asset.
Digital Twin, Digital Thread, AI in Every Oracle IoT App
Oracle Internet of Things Applications deliver a world-class set of IoT applications for enterprise assets, production lines, transportation fleets, and mobile workers. Get smart with predictive machine learning algorithms and quickly extend core SCM, CX, HCM and ERP processes—with real-time IoT data and insights. These are achieved with these core technologies built into the Oracle Internet of Things Apps:
Digital Twin – provides a virtual reality model of your assets so that you know exactly what is going on with the asset. A production manager in factory can use a Digital Twin of the injection molding machine to track real time data (up time, temperature, output, yield) and business data (acquisition date, next maintenance date, owner),simultaneously in the same view. The Digital Twin can also predict machine failure (based on real time data), and make recommendations based on past repair procedures.
Digital Thread – direct integration of IoT data with any business systems to provide IOT insights directly to your business processes & systems, where it can make an impact to the top and bottom lines. This technology offers pre-built integration to Oracle SCM & CX apps, you can “click-and-connect” IoT data to these apps, or you can connect using Oracle Integration Cloud Service. Not using Oracle? We support RESTful API to connect to any other business systems.
Intuitive Analytics, Machine Learning, Adaptive Intelligence – powerful yet simple – built into the platform and directly gathering deep insights from your IOT data. This innovation allows supply chain professionals to natively handle tricky time series data, filtering, anomaly detection, and display. Customers may build and tune predictive models, or select from many that already exists, then start leveraging the power of machine learning to digitally transform manufacturing, maintenance, and logistics processes.
What To Look Forward To in 2018
The development team for Oracle IoT Apps has a full schedule in 2018 – with new features in Digital Twin, Digital Thread, and Adaptive Intelligence, as well as enhancements for the five released Oracle IoT Cloud apps. The best way to hear about the latest is to visit us at Oracle’s Modern Supply Chain Experience, to be held January 29-31 at the San Jose Convention Center. See you there!