The term Industry 4.0 refers to a significant shift in the way industrial processes are organized to result in higher operating efficiencies and better customer experiences. The shift is powered by the rapid maturation of digital technologies and their ability to be applied to the mainstream industrial processes. The earlier eras of Industrial advancement were powered by revolutions in Mechanical engineering in the 19th century, then by Electrical engineering in the early 20th century and then followed by Electronics & Information technology in the 1970s. The Industry 4.0 era will be powered by the convergence of Industrial Internet of Things (IIOT), Big Data and Integrated Data networks that link up everything. There is a set of additional technologies like Blockchain, Robotics, Multi-purpose Machines and Augmented Reality, each of which could provide an additional boost in the journey to Industry 4.0.
How it is relevant to MFG:
For Manufacturing Companies, the implications of Industry 4.0 are profound. The technologies underpinning Industry 4.0 are expected to give three broad benefit areas for Manufacturers.
Oracle is a key provider of Enterprise applications and Cloud platforms. Oracle’s Enterprise applications are used by thousands of Manufacturers to manage Supply chain business processes, Manufacturing planning and execution processes, as well as Equipment servicing and Depot repair logistics processes. These processes span from the customer touchpoint all the way to the back end operations. Oracle’s IOT Cloud platform helps to collect the data from IIOT sensors and channel them into Oracle’s Enterprise applications. Oracle’s IOT Cloud platform provides strong Visualized monitoring of supply chains, production lines, and asset maintenance, and also has inbuilt Machine Learning capabilities that can analyze data patterns and alert in advance of any imminent breakdowns.
In this way, Manufacturers can leverage Oracle’s Cloud Platform and Enterprise applications to accelerate their march into the Industry 4.0 era.
General Manager & Head of Strategy & Digital, Oracle Practice
Siva brings 20+ years of experience in building Applications Practices and Solutions and helping clients drive better business outcomes with Enterprise Applications. He holds an MBA from the Indian Institute of Management, Bangalore.