"Manufacturers of every size and shape are changing rapidly because of new digital technologies, new competitors, new ecosystems, and new ways of doing business,” said Kimberly Knickle, research vice president, IT Priorities and Strategies, IDC Manufacturing Insights. “Manufacturers that can speed their adoption of digital capabilities in order to create business value will be the leaders of their industry."
In our experience, companies utilizing digital technology to create business value are the “smart” manufacturers. They’re the ones gathering data available from existing operations. They continuously monitor the performance of machines, workers and processes using IoT, big data and advanced, actionable analytics. With actionable data, manufacturers can pinpoint the source of inefficiencies and implement solutions that have an immediate impact on the bottom line.
“With new digital technologies and production models emerging, organizations can increase earnings and customer value by unlocking the potential of the investments already made in the physical and digital value streams,” said Dennis McRae, Vice President, Digital Solutions, Hitachi Consulting Corporation. “Driving continuous improvement of real-time metrics and predictive analytics with connected data is the key differentiator for digital leaders.”
Achieving business value begins with defining the business problem and setting goals that define success. Hitachi Consulting recommends Six Steps to Drive More Value Across Your Manufacturing and Supply Chain.
Hitachi Smart Manufacturing for Oracle
Hitachi Smart Manufacturing for Oracle combines the global operational technology expertise of Hitachi Consulting and Hitachi, Ltd. with the latest digital technology from Oracle. Together, we deliver value through the Three Pillars of Smart Manufacturing.
Pillar 1: Factory floor connectivity. The smart manufacturing environment employs sensors to acquire real-time data from machines and shares it across the IT environment. Oracle Cloud applications including Asset Monitoring, Production Monitoring, Fleet Monitoring and Connected Worker enable direct connections between shopfloor systems and business operations.
Pillar 2: Manufacturing intelligence. Smart manufacturers leverage third party industry, IoT and Operational Technology (OT) to integrate IT, manufacturing processes with business operations.
Pillar 3: Advanced analytics. Smart manufacturers deploy predictive modeling and reporting capabilities to transform raw manufacturing data into useful, actionable intelligence to make better decisions.
These pillars enable
- Real-time, centralized data spanning supply, logistics, manufacturing production, inventories and demand.
- Prediction, simulation and analysis, including test scenarios and predictions of consequences.
- Continuous manufacturing resource planning (MRP) with connections to enterprise data from other business areas for better strategic and operational planning.
- The ability to identify and prioritize the most critical material issues, options and consequences.
- Faster execution for a more up-to-date, accurate view of your manufacturing environment.
- Enterprise-wide visibility across supply, production, inventory and demand.
You can learn more about how Hitachi Consulting and Oracle are empowering smart manufacturing here.
Team Up with Hitachi and Oracle – and Pull Ahead of Your Competition
"Hitachi is a unique partner of ours in many ways. There are not many companies in the world that have years of industrial manufacturing expertise. When I say years, I mean 100+ years. Oracle benefited from Hitachi's knowledge about the market and early feedback about our IoT portfolio. Hitachi has been using our IoT applications to integrate into their smart manufacturing solution. IoT applications from Oracle integrated by Hitachi into their industry solutions deliver quick benefits to our joint customers." – Lionel Chocron, Vice President, Industry and IoT Cloud Solutions, Oracle