Oracle bets on today’s hottest tech to power its IoT cloud
In six months, the company has more than tripled its IoT application ecosystem of device and systems integration partners.
Larry Ellison’s Oracle (NYSE: ORCL) has invested in the development of artificial intelligence (AI) and machine learning capabilities added to the Oracle Internet of Things (IoT) Cloud.
The move comes as all of the main cloud players have publicly admitted to AI being one of the main development focus today and in the foreseeable future.
Oracle IoT Cloud, offered as software-as-a-service (SaaS) applications or as platform-as-a-service (PaaS), new intelligent features have added to the platform Digital Twin and Digital Thread capabilities, to boost application visibility and leverage predictive insights from connected assets.
These insights can increase deployment times, reduce costs, improve business outcomes, and accelerate new market opportunities, according to Oracle.
Oracle said that the past six months alone, Oracle has more than tripled its IoT application ecosystem of device and systems integration partners.
Building on that market growth, and in addition to the added capabilities into the IoT Cloud, Oracle has also introduced new industry solutions for digital field service, smart connected factories, and digital fleet management.
Bhagat Nainani, group vice president, IoT Applications at Oracle, said: “IoT holds the potential to transform today’s siloed operations into a modern, interconnected, digital set of workflows with real-time visibility and responsiveness.
“Oracle continues to push the boundaries of IoT to help our customers significantly simplify their IoT deployments. By receiving real-time data streams enhanced with predictive insights, they can reach new levels of intelligence and a much quicker realization of ROI.”