Mitsubishi and Oracle Combine Forces to Develop New IoT Platform for Smart Manufacturing
Mitsubishi the auto giant has collaborated with Oracle to develop an IoT platform for smart manufacturing. Recently, Mitsubishi has introduced its FA-IT open platform for factory automation. The system uses edge computing between applications and IoT devices to enable rapid collection, analysis, and deployment of data for the productive purpose.
According to Toshiya Takahashi, corporate executive group senior vice president, Mitsubishi Electric, “Mitsubishi Electric develops advanced technologies and products for rapidly emerging factory automation. Our [email protected] 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 utilization for smart manufacturing.”
The addition of Oracle cloud services Mitsubishi is planning to build an application to monitor factory work remotely. Besides that, the company is also planning to make the services available to their customers by partnering with different IT based companies.
To live up to Mitsubishi’s expectations, Oracle is upgrading its IoT cloud server with a built in M2M learning system and advanced AI. This new innovation will help customers to gain visibility and leverage predictive insights from connected assets. This, in turn, will help both companies to build consumer trust, reduce costs, increase productivity, and penetrate new market possibilities.
The platform will include Oracle IoT Cloud Applications new features like assets and fleet monitoring, production observation, connected workforce, and more.
The vice president of Oracle Bhagat Nainani mentioned 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.”
As both companies are hopeful of their joined efforts, this combined technology can be beneficial for both manufacturer and consumers. But we won’t know anything before the technology is put to test, let’s see how the future embraces this new IoT platform.