Oracle guides its customers into IoT
Oracle (NYSE: ORCL) checked off all the boxes during a September 2017 Internet of Things (IoT) product update, announcing packaged IoT application expansions incorporating digital twin, digital thread, virtual reality (VR) and augmented reality (AR), and artificial intelligence (AI) capabilities. Including these important building blocks for robust IoT implementations proves Oracle has the capability to deliver technology scaffolding around its focused use cases, including asset monitoring, connected workforce, fleet monitoring and production monitoring.
TBR believes the additions cover many of the capabilities customers expect to have at their fingertips when implementing IoT. For example, digital twin has been the mantra of operational technology (OT) companies General Electric (GE; NYSE: GE), Bosch and Siemens for two years. AI and blockchain capabilities have been well established by IBM (NYSE: IBM), SAP (NYSE: SAP) and many others. PTC (Nasdaq: PTC) has made leadership in the AR/VR space a priority and already established a wide web of partnerships. Oracle has acted as a fast follower, recognizing competitor capabilities that are gaining traction in the market and implementing them into its own platform.