Now that the smoke has cleared after Modern Business Experience, Oracle SCM, PLM, ERP and HCM’s new flagship event, many research and analyst firms have been keen to divulge their assessments. Their outside perspective not only shows an in depth analysis of Oracle’s commitment to their customers success across the organization, but also how Oracle is delivering new industry fit technology and solutions that match tomorrow’s business needs.
Tom Comstock, a principal analyst from LNS Research, wrote, “Oracle has rewritten its supply chain, ERP, and HR applications from the ground up to maximize performance in the Cloud. Oracle quietly became the first company to have a comprehensive Supply Chain solution in the Cloud”. He went on to mention that “The fundamental advantage of moving to the Cloud was innovation and the speed of innovation” and “several Oracle presenters noted that cost savings were not the primary driver for a Cloud deployment but instead it was innovation”.
Furthermore, Comstock ended by stating, “the real story is its Quality 4.0 tech. Oracle has launched a Global Traceability and Track solution, IoT Production App, Connected Innovation App, Connected Experience App, and Adaptive Digital Manufacturing solution. These Apps provide scalable approaches to deliver many Quality 4.0 use cases, include predictive quality in manufacturing, and digital voice of the customer connected back to product requirements and product definition…Oracle’s robust approaches in this area will ease the transition to Quality 4.0 for the next generation of adopters. All in all, LNS views Oracle as a solid partner for companies on their Industrial Transformation journey well beyond their apparent capabilities in the Cloud.”
In addition to LNS Research, CIMdata, a leading PLM research and analyst consulting company, released their post-event commentary which highlights the key capabilities of Oracle PLM and SCM Cloud solutions and emphasizes the importance of having a digitally connected innovation platform. CIMdata writes, Oracle’s “vision of Digitally Connected PLM is coming to fruition” and “They have some good customer stories to date, with big names putting their businesses in Oracle’s hands and on their cloud.”
The importance of the digital thread and having a completely connected digital supply chain are clear takeaways from CIMdata’s piece. They explain that Oracle’s “digital thread extends from the fuzzy frontend of innovation, supported by Oracle Innovation Management Cloud, all the way to fielded connected products/assets and back. In developing their Oracle Quality Management Cloud offering, Oracle brought together the development teams from Oracle Agile PLM, Oracle E-Business Suite, and other Oracle enterprise applications to ensure that the new cloud-native offering could meet or exceed the capabilities of their existing on-premise solutions.” They go on to note that Oracle "also extended Oracle Quality Management Cloud to span product development, change management, IoT, AI/ML, inspection processes, manufacturing, supplier management, and monitoring the voice of the customer using Oracle Social Cloud for sentiment monitoring. This will help Oracle connect the digital thread from idea through life and provide feedback that can enhance continuous improvement activities.”
It’s quite apparent that Modern Business Experience showcased how industry fit technology and solutions are allowing companies of all sizes to adapt and thrive in the digital age. If you missed the chance to attend the event, don’t worry! You can catch a recap of some of the great content here. If you’re looking for more information on Oracle PLM and SCM solutions, visit oracle.com/SCM and oracle.com/PLM.
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