Oracle ERP Cloud
A Foundation for Digital Transformation
ERP system enables seamless, end-to-end integration across functions, and process standardization across geographies and business units. Organizations have started realizing that if they wish to leverage the full potential of digital technologies, they also have to modernize their ERP systems. Modernized ERP systems that are built native for cloud utilize microservices, and API based architecture sets a solid foundation for digital transformation. Oracle ERP Cloud is one such leading platform enabling business transformation by embedding many of the advanced technologies such as IoT, Blockchain, AI, and digital assistant into it. These technologies have matured a lot in the last few years. They are helping organizations to gain a massive jump in productivity, improve trust with their partners, and provide accurate predictions of business events.
Oracle Internet of Things
Oracle Internet of Things solution effectively addresses the integration and interoperability gaps between operational technology and information technology. Oracle IoT Platform provides tools and services to build, integrate, and deploy IoT solutions. Oracle IoT Platform delivers analytical and actionable insights from real-time IoT data into the target applications.
Oracle IoT’s platform also has pre-built applications covering a wide range of topics from asset monitoring, production monitoring, fleet monitoring, service monitoring, and worker health and safety. These pre-built applications can be rapidly deployed and can connect with different types of IoT sensors to collect real-time data.
Oracle Adaptive Intelligent Apps
The global artificial intelligence market size is expected to reach USD 390.9 billion by 2025, according to a new report by Grand View Research, Inc. While Oracle offers a PaaS for AI, the most important aspect of their AI strategy is pre-built apps across all functional areas. AI Apps are purpose-built with domain knowledge for business users, tailored to specific use cases and algorithms continuously and automatically adjust to keep outcomes optimized without data scientists. This approach triggers the rapid adoption of AI in any organization with minimal investments and realizes the benefits and insights from data available, which was never possible before. Oracle Adaptive Intelligent Apps are available across Financial, Supply chain, Sales, Marketing and HCM. Many of these apps can be quickly deployed for competitive advantage.
Oracle Digital Assistant
Another AI-based technology Oracle has made available is Digital Assistant. Oracle Digital Assistant helps in developing assistants skilled with the natural conversation, through speech or text, for enterprise systems. These chat bots are effective to provide conversational interface for inquiry and approval. They also help in improving self-service across modules and reduction in support cost. Digital Assistant can be multi-skilled, context-sensitive and can be connected to multiple target clients such as Facebook messenger, Microsoft team, Alexa, to mention few and backend applications through API.
Oracle Blockchain
Blockchain as a technology is rapidly becoming popular and has the potential to transform various industry such as financial, retail, manufacturing, logistics, healthcare, life sciences, to name a few. According to IDC, worldwide spending on blockchain is projected to reach $ 11.7 Billion in the year 2022. Blockchain makes it much easier to establish trustworthy B2B relationships without any intermediary and through consensus-based trust and execute transactions. Oracle now has an enterprise-grade and comprehensive blockchain platform, allowing business transactions securely and faster with business partners. Oracle also provides a ready to deploy blockchain solution for track and trace suitable for the retail and pharmaceutical industry.
With Oracle ERP Cloud, leveraging advanced technology becomes much easier, setting a pace for your business transformation to stay ahead of the competition. It makes immense sense for companies using Oracle ERP Cloud to critically view advanced technologies available from Oracle for their needs to transform the business, implement new business models and gain next level of performance. These technologies are embedded with ERP system, follow similar security architecture, provide out of box integrations. Cloud Ascend can assist you in making right technology choices, optimize your ERP and other technology programs with focus on cost, quality and time to market.