Oracle collaborates with Mitsubishi Electric to develop IoT platform for smart manufacturing
Software giant Oracle has partnered with Mitsubishi Electric, a manufacturer of electrical and electronic products, to develop an Internet of Things (IoT) platform for smart manufacturing.
Mitsubishi Electric developed its new FA-IT Open Platform for factory automation using Oracle Cloud. The platform uses edge computing between devices and business applications to enable rapid collection, analysis, and utilisation of data at production site.
Toshiya Takahashi, corporate executive group senior vice president, factory automation system, Mitsubishi Electric, said, "Mitsubishi Electric develops advanced technologies and products for rapidly emerging factory automation. Our e-F@ctory concept for integrated automation reduces the total cost of developing, producing and maintaining products. Mitsubishi Electric's new FA-IT Open Platform is based on edge computing to accelerate IoT utilisation for smart manufacturing.
“By adding Oracle Cloud services to this platform, we believe that it will be possible to visualise factories and build an application development environment,” added Takahashi. “In order to provide the platform to customers early, we will also work with partner companies, including IT companies, to develop applications utilising the platform."
Additionally, Oracle has upgraded its IoT Cloud solution to include built-in AI and machine learning that powers Digital Twin and Digital Thread capabilities. This new development will enable customers and partners to quickly gain operation-wide visibility and leverage predictive insights from connected assets, which can increase deployment times, reduce costs, improve business outcomes, and accelerate new market opportunities.
This expansion follows the recent introduction of new Oracle IoT Cloud Applications for asset monitoring, connected workforce, fleet monitoring, and production monitoring. Bhagat Nainani, group vice president, IoT Applications at Oracle, said, “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."
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