Why ‘Strategic IoT’ Is Key: Views From Oracle OpenWorld

Picture this: Data generated from sensors attached to machines on factory floors worldwide enables a supply chain manager to remotely pinpoint potential problems. The manager can even use augmented reality to take a closer look. Meanwhile, artificial intelligence algorithms sift through current and historical data to predict and automatically schedule machine maintenance—and let the service tech know exactly which tools are needed—substantially reducing downtime. Additional sensors monitor the temperature and other parameters of the products throughout manufacturing, warehousing, and delivery to verify that all factors meet contract specifications. And through integration with its manufacturing and supply chain systems, the company automatically receives the agreed-upon payment via a blockchain ledger system.