A blog by Oleg Shilovitsky
Information & Comments about Engineering and Manufacturing Software

Industry 4.0 – Digitalization and Blockchain examples from Oracle NetSuite

Industry 4.0 – Digitalization and Blockchain examples from Oracle NetSuite
Oleg
Oleg
12 April, 2019 | 2 min for reading

I continue sharing my thoughts and comments from SuiteWorld 2019 from last week in Las Vegas. PLM industry is full of Industry 4.0 messages and I was very much interested to see how Industry 4.0 stories, technological buzzwords, and use cases are presented by Oracle NetSuite.

I found these examples in the session combining all “cool” stuff together – Artificial Intelligence, Blockchain, Industry 4.0… It is hard to explain why these things were combined together. Probably coolness factor 🙂

Digitization is a big deal in the industry focusing on transactions and manufacturing shop management. I captured the following slide showing use cases for digital warehouse – predictive monitoring, failure and maintenance.

I found interesting similarity between warehouse digitization and some MRO IoT presentations coming from PLM vendors. These stories can clash in the future.

Even more interesting was blockchain story. The slide name Ready to Go Blockchain applications is introducing you to the some examples of Blockchain technology NetSuite is providing to customers.

My favorite was monitor transactions and movements of assets or good across organizations. In the world of distributed manufacturing, it can be a very important function that can facilitate future contract manufacturing and distribution of manufacturing operations.

What is my conclusion? Both PLM and ERP industries will eventually clash on some of the application of advanced technologies. Manufacturing world will stop to be linear and siloed. It is becoming connected and circular. Industry is becoming more connected and dependent. Siloes such ERP and PLM will become less relevant. Connected cloud platforms will become more important. Just my thoughts…

Best, Oleg

Disclosure: Oracle NetSuite paid for my trip to SuiteWorld and some of the meals, but at no way influenced the content of this article.

Disclaimer: I’m co-founder and CEO of OpenBOM developing cloud-based bill of materials and inventory management tool for manufacturing companies, hardware startups and supply chain. My opinion can be unintentionally biased.

Image by
VIN JD from Pixabay



Recent Posts

Also on BeyondPLM

4 6
15 January, 2015

Holidays are over and it was a good time to think about what you can expect in engineering and manufacturing...

3 September, 2018

It is a formal long weekend in United States. But things aren’t coming to rest, not on my side at...

12 September, 2021

As products are getting more complex and connected, the question of what systems are needed to support such complex development...

17 July, 2020

PDM is one of the topics I’m following for many years. CAD files created tons of challenges and to develop...

8 March, 2014

Parts and Documents are two different objects in engineering, product development and manufacturing. While “part” usually represents physical object, “document”...

16 June, 2010

Yesterday, I spent my day on Enterprise 2.0 conference in Boston. It wasn’t overcrowded, although Expo pass registration that included...

1 June, 2011

I can see around more and more people are playing with mobile devices. Last 3-4 months contained many announcements coming...

20 June, 2016

Cloud applications are getting better these days. However, most of existing mainstream engineering applications are still using files to store...

16 July, 2015

When screening tweetstream yesterday, I caught CIMdata’s Stan Przybylinski question on twitter “What % of product development data authored and/or resides...

Blogroll

To the top