We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Oracle releases artificial intelligence (AI) applications for manufacturing
newsworthy

Oracle releases artificial intelligence (AI) applications for manufacturing

May 15, 2018
DC Velocity Staff
No Comments

Business software giant Oracle Corp. said Monday it has launched a set of cloud-based artificial intelligence (AI) applications that can improve efficiency in manufacturing and supply chain operations by identifying patterns and making predictions based on vast amounts of data.

Known as the "Adaptive Intelligent Applications for Manufacturing," the software uses machine-learning algorithms to analyze the data generated in production environments. The algorithms can spot production anomalies, identify their root cause, and predict events before they occur, the Redwood Shores, Calif., company said.

Organizations can apply those results to reduce costs and increase yields by foreseeing faulty processes and tracking their impact at any point from inventory production through to customer delivery, Oracle said.

The product is Oracle's latest move to expand its offerings in the logistics software space, following the company's 2016 purchase of warehouse management system (WMS) vendor LogFire Inc. Since then, Oracle has made upgrades to that WMS product, released new versions of its cloud-based supply chain management product, and launched a suite of supply chain automation applications.

The new AI software links together data from information technology (IT) sources—such as enterprise resource planning (ERP) and customer relationship management (CRM) platforms—with data from the operational technology (OT) realm, such as internet of things (IoT) information about machines and equipment, or external environmental data such as humidity and temperature.

By examining those diverse inputs, the AI software can identify patterns and correlations in business metrics, trace the "geneology" of production processes, and perform predictive analytics to predict the likelihood of certain outcomes.

"We apply algorithms to generate insights and predictions with an adequate lead time to solve or avoid the problem," Ramchand Raman, vice president of product development for Oracle AI & IoT Applications, said in an interview. "If those results come too late, you can't react, and if they are too early, they may not be accurate."

Oracle designed the platform with a simple presentation layer that makes complex data mining and machine learning outputs easy to consume, Raman said. "Historically, most of this analysis has been done by data scientists in a bunker, far from the factory floor. But we asked how the average business user can consume this, whether they are working on purchasing, logistics, maintenance, quality, or whatever," he said.

The Adaptive Intelligent Applications for Manufacturing product is intended for users in discrete manufacturing sectors like semiconductors, aerospace, and automotive, as well process manufacturing sectors like pharmaceuticals, chemicals, metals, and food and beverage.

AI can help businesses make faster decisions by identifying the key factors affecting inventory quality and production, Raman said. "A product could be affected by a thousand factors, but users need to know which are the top three or top five," he said.

Technology
KEYWORDS Oracle
  • Related Articles

    New Era of Artificial Intelligence (AI) in Agriculture and it's Future Estimations

    FusionOps launches artificial intelligence tool for supply chain

Recent Articles by DC Velocity Staff

College students all in on robot delivery

Safety experts to headline National Forklift Safety Day 2022 program on June 14

FedEx and Aurora expand autonomous trucking pilot

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Now's the time to be a logistics professional

  • Autonomous trucking firms launch partnerships with freight transportation providers

  • Demand for piece-picking robots gains steam

  • Report: Delivery expectations intensify

  • Empty shipping containers stack up at U.S. port depots

Now Playing on DCV-TV

5480fb3e eabb 4d19 8c47 2e6c8724563d

"With Freight Rates More Stable, Why Do My Freight Costs Keep Going Up?"

DCV-TV 4: Viewer Contributed
Lately people have been asking me a pressing question: “Mike, if there’s a freight recession headed our way, shouldn’t we be seeing freight rates and our freight costs going down?” Ideally the answer to that question would just simply be “yes”. However, these are not simple times. Which is why the answer to this...

FEATURED WHITE PAPERS

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

  • Optimize AS/RS With Advanced Warehouse Execution Software

  • The Value of Genuine Parts and Service

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing