CANADA this is enabled through the seamless integration of IoT , analytics and SCM .”
The information might be embedded into existing work processes to enable action – or it can be made useful by applying artificial intelligence ( AI ) with no human intervention . Bloch says : “ It ’ s the added insights that AI can provide in real-time that really makes the whole thing exciting , and that is why you are starting to see the lightbulb go off for leaders of supply chain . They see tremendous opportunities to take out cost , to improve service and to decrease cycle times . Budgets stay static at best , so their approaches have to be smarter and more cost effective . AI will enable many savings . I can react to a problem earlier with a less serious maintenance task and not wait until it is more disruptive , costly or even catastrophic . I can reroute my production capacity based on a better understanding of the whereabouts of the problem , or dynamically solve my premanufacturing inventory issues .”
Oracle is partnering with customers to drive innovation . “ The specifics of a solution may differ but the benefits are not company or industry-specific ,” Bloch continues . “ These are people who see that the IoT investment and the software investment will drive value in their business . That is a vision we at Oracle share .” The majority of companies today have some sort of work order management
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“ Business needs the proliferation of devices in the areas where it makes sense to collect information , the ability for those devices to communicate over mobile networks , and to be able to service that information in a way that ’ s relevant to its goals ”
– Dan Bloch , Vice President , Diversified Industries , Financial and Supply Chain Solutions
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