Oracle makes its debut at Hannover Messe and supports industrial companies on their way to the smart connected factory
Industry 4.0 is entering the second phase: In recent years, the development of data-driven business models has been one of the major topics at Hannover Messe – the world’s biggest industrial trade fair. How can data help not only optimize manufacturing processes, but also improve products and provide new revenue opportunities? Oracle is addressing this question – represented for the first time at Hannover Messe this year – in cooperation with its partners Bosch Rexroth, Mitsubishi Electric, Bistel, Esentri and Perfect Industry. From April 23-27, 2018, visitors to Booth B16, Hall 7, will see how manufacturing companies, through connected IoT Cloud, ERP and Supply Chain applications can transition to a digitally connected enterprise enabling smart connected factories, better product development, and new innovative service offerings.
Oracle celebrates its debut at Hannover Messe this year and offers visitors numerous highlights. Oracle experts together with their partners Bosch Rexroth, Mitsubishi Electric, Bistel, Esentri and Perfect Industry demonstrate how to reliably connect customers, field assets, products, workers, and factories to provide predictive insight and enable innovative value added business processes. In addition, visitors will learn how the digitally connected enterprise can improve quality, efficiencies, and increase revenue.
Data can optimize more than the manufacturing processes
With its exhibition display, Oracle is moving full steam ahead into the next phase of industry 4.0. So far, companies have focused on optimizing production processes using real-time data and making them more efficient – for example, by alerting sensors in the event of abnormalities at an early stage so that damages can be abolished before a machine failure occurs (predictive maintenance). Now it is also about gaining insights from the collected data, with which manufacturers can improve their products and develop new business models.
To do this, companies need to be able to collect data along their entire value chain, connect it to a continuous stream of data (digital thread), and then leverage it. For example, data from sales and marketing can provide information about which products are in demand and how they are used by the customers. Based on these findings, the product portfolio and production processes can then be optimized. The digital thread acts as a kind of feedback loop from consumer to manufacturer.
The future lies in the connected enterprise
Manufacturing companies must act now and establish cross-functional collaboration both within and outside the company. It is necessary to create networked and transparent processes in order to track the entire production cycle and to optimize it by means of feedback loops in every interaction. Only in this way can companies meet the ever-increasing expectations of customers and rapidly deliver the right personalized products. Also, in the future cross-industry collaboration will be needed to develop more complex products and new digital services – and this is only possible with a fully connected enterprise.
Would you like to arrange a meeting with Oracle onsite? Register here.