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
16 November, 2016

I attended Autodesk University 2016 opening keynote yesterday. 10’000 people crowd, crazy loud music and future vision of engineering software....

30 November, 2024

I started my blogging journey back in 2008. In those days, there was huge excitement about the capabilities of platforms...

28 January, 2019

Welcome to another weekly update about my video blog – Musings about Bill of Materials.. I spent last discussing various...

24 April, 2020

Microsoft Azure blog brings the story about how PTC and Azure partnership empowers industrial organizations. Check out the article –...

19 January, 2017

It is not a secret that PLM workflow is very hard to implement. Every PLM system workflow implementation is balancing...

13 February, 2012

I’m attending SolidWorks World these days in a sunny San Diego, California. If you are in the engineering and manufacturing,...

19 September, 2020

Nothing is more painful in PLM business as PLM upgrades. Historically, PLM implementations took a long time and include many...

15 March, 2018

One size doesn’t fit all. It is very true when it comes to anything related to manufacturing and engineering. Every...

15 December, 2008

The benefits of search solution are obvious. It helps you to find what do you need. Over the past decade...

Blogroll

To the top