New technologies such as 3D printing, the Internet of Things, and artificial intelligence are driving a manufacturing revolution known as Industry 4.0. Without the right cloud solutions, manufacturers risk missing out on a grand opportunity. Oracle Cloud Industry Solutions can help you take advantage of this revolution.
Change is both rapid and profound across the consumer markets—we’re now making, selling, and buying in entirely new ways. New technologies, agile competitors, and demanding consumer expectations are powering an era of transformation. Oracle ERP and Cloud Industry Solutions can help you meet the demands of the consumer market.
Increasing competition, rising customer expectations, and the advent of new technologies confront manufacturers with a mounting series of challenges. With worldwide manufacturing revenue trends relatively flat in the last five years, businesses are emphasizing efficiency and productivity, rather than market growth. Manufacturers must optimize IT resources and infuse IT into products, services, and processes to innovate for competitive advantage.
It’s time to reimagine manufacturing with cloud technology. In many industries, companies that take the lead in digital transformation have seen a 20 percent reduction in their total cost base [versus 3 percent for average adopters], and they are expecting a 50 percent increase in bottom-line benefit over a five-year period (2014–2019),
versus 20 percent for average adopters.
Oracle offers complete cloud platform solutions, along with a proven path to innovation. For example, Oracle’s customer experience platform enables you to connect to customers and partners throughout the value chain, while Oracle’s plan-to-produce solution offers comprehensive manufacturing and planning capabilities that can help you achieve manufacturing excellence without expensive overhead (see figure on next page). These and other Oracle Cloud solutions allow manufacturers to integrate the entire data ecosystem, bringing legacy operations into the modern age.