For example, during the pandemic, a large U.S. While the service is primarily for organizations moving from Oracle’s on-premises applications to Oracle Fusion Applications, Oracle Consulting has extended the program to include migrations from third party vendors. This training allows customers to seamlessly take control of the applications and build integrations once the applications go-live. Oracle Soar automates the data conversion process and the build of integrations and includes training for customers who work side by side with Oracle Consulting during the upgrade.
Integration between OTM and Oracle IoT Intelligent Apps uses IoT sensor-based monitoring to track equipment and shipments and monitor the cargo's condition.įor current users of Oracle on-premises applications, Oracle offers Oracle Soar as a means to upgrade to the cloud, which claims to get customers live on Oracle Fusion Applications 20 percent faster (implementation in under 20 weeks) with 30 percent less cost. The applications that Oracle is now delivering with improved sensors can now do something with the information, and I think it's just starting to take off. We went through the natural hype curve where it was overhyped before it was ready, but now we're getting to the point where it's ready and usable. Part of the problem early with the hype curve is there were data ingestion and a concept of machine learning, but there was nothing that put it all together. Initially, the end-to-end solution was not available, so it became build your own. The first challenge was dealing with analog "things" that you need to extract data and then feed that data into a data lake or data warehouse, build some analytics, and then figure out what the data told you and hook it up to an execution system. There has been much IoT hype over the years, but there have been several barriers to broad adoption. Covid-19 caused many organizations to rethink global supply chains, looking to remove bottlenecks or single source locations, which became problematic as parts of the world were off-limits. Additionally, there are a host of features for global trade and transportation management. As part of this investment, Schneider Electric employees will receive more digital training opportunities and tools that will enable them to adopt new skill sets and work more efficiently in a modern setting.There are added capabilities around connected logistics, including monitoring goods and services to predict repairs or providing telemetry data for process improvements. This new era of investing in smart manufacturing and automation tools is not only introducing the opportunity to upskill the industrial workforce, but it can help attract new talent and have a positive impact against the skills gap concerns the industry faces. In Schneider Electric’s case, the company has hired and pledges to hire 130 new employees through early 2021. The factory was recognized for its success in adopting Industry 4.0 technologies at scale with demonstrated benefits around energy efficiency, sustainability and overall cost savings, while offering increasing agility and resiliency within the operation.Īs U.S.-based companies increasingly look to reshore more of their manufacturing operations, the industry is creating more jobs that will require a new wave of a skilled workforce to fill them. By modernizing and localizing our operations, we can better serve our customers and minimize the risk of interruption when we face the challenges of global economic changes.”įor example, Schneider Electric’s smart factory in Lexington, KY recently earned the distinction of 4th Industrial Revolution (4IR) Advanced Lighthouse by the World Economic Forum, becoming the third of its factories to receive this honor. “We now have the technology and resources available to expand and efficiently produce more locally. “This investment demonstrates our continued commitment to both our customers and our employees, while setting the foundation for the future,” said Annette Clayton, CEO and President, Schneider Electric North America. The initiative will provide Schneider Electric with greater control of its production processes that will help them deliver quality products and services to its customers, while introducing new learning opportunities to the workforce. is part of a larger, strategic approach to strengthen resilience, increase flexibility, and safeguard its supply chain. for its customers, as well as further develop its local workforce.ĬOVID-19 placed a spotlight on the critical vulnerabilities global manufacturing and supply chains can face during unprecedented disruption. The monies will go towards innovative technologies and new production lines that will help increase Schneider Electric’s capacity of operations in the U.S. Schneider Electric announced an additional $40 million investment towards modernizing its U.S manufacturing plants in Iowa, Kentucky, Nebraska, and Texas.