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
8 April, 2015

Cloud adoption is growing. There is almost a synergy about cloud and PLM. All PLM vendors are signaling about leveraging...

11 January, 2010

We tend to use word “collaboration” very often in Product Lifecycle Management and related fields. Collaborative Design, Collaboration Product Data...

16 August, 2024

For many years, CAD/PLM – ERP integration was a topic that triggered many questions. As you probably note, I put...

4 May, 2011

Microsoft Office plays a significant role in your engineering environment. Just think about the number of Excels you have to...

27 September, 2010

I posted PLM and Open Source Licenses few days ago. The main trigger of this post was Google’s announcement about...

10 September, 2015

We don’t have to share the same room to work together these days. Business are discovering globalization option following customers...

16 November, 2011

ROI is an important topic, and many times I’ve seen customers are not focusing on ROI assessment before starting PDM/PLM...

3 February, 2016

Solidworks was one of the first CAD companies that said in public word “cloud”. Six years ago at SWW 2010,...

26 March, 2025

This week, I’m heading to the 2025 CIMdata PLM Market & Industry Forum in Ann Arbor, Michigan. Note, the Futuristic...

Blogroll

To the top