To ensure that the vision of Industry 4.0 becomes a reality, companies need to solve challenges of system integration. As a specialized partner of the Oracle technology solutions we offer extensive expertise to realize complex integration scenarios and process automation.
The ongoing adoption of cyber-physical systems and the Internet of Things (IoT) is accompanied by incredible business process improvements fueled by ground-breaking innovations. Smart factories, smart supply chains and smart customer experience have become reality. And the “smart wave” is flushing IT innovations into the Enterprise: M2M, Big data, Social BPM and ACM, Social networking.
This paper identifies and shows the potentials of smart technologies to achieve Business process excellence. It deals with the question of how Oracle Applications can be used for the transition towards a smart enterprise.
More and more people today can be reached at any time and anywhere in the world via mobile devices and wearables. At the same time, progressive global networking is taking place across organizational, national and cultural boundaries. After all, network users want to communicate more with partners and increase the efficiency of doing so. In addition, they are driven by human curiosity and the desire for consumption of needs-based products and services at the lowest possible cost. The amount of personal data that is submitted when using the Internet is inconceivable. Sometimes it happens involuntarily, but more often it is surrendered voluntarily. This is often driven by the desire to better tailor products to the specific needs, or a product that is actually designated as a free product is paid with the net currency “knowledge” instead. Or shall we name this currency precisely “personal data”?
From people’s accessibility at all times and in their various roles as citizens, consumers, employees, business partners, opinion leaders, and so on, and from the knowledge of important personal data, including the interests for purchases, preferences and behaviors, companies can obtain immense potentials to improve and extend their supply chains. There is hardly any major company today that does not pursue the goal of developing this potential for itself. Digitization is the magic word that is associated with this development. Companies have long understood that it is not sufficient to tackle only a few processes occasionally, in cases where potentials are assumed for fast conversion, but that there is a need for an enterprise-wide digital transformation that takes all business processes to the test and checks them with regard to their suitability for digitalization. Critical to the continued success of the transformation program is a holistic perspective on business models, strategies, processes and enterprise architecture, combined with consistent planning and implementation of transformation projects.
Read the Whitepaper (Dr. Frank Schoenthaler)
Smart Factory, Smart Supply Chain … Are Oracle Applications Smart Enough?