REDWOOD SHORES, Calif., Nov. 19,
2019 /PRNewswire/ -- Oracle is expanding its
Chicago Innovation Lab, empowering more organizations to explore
new technologies and strategies to bolster their digital
transformation efforts. Since its successful launch last year,
the Lab has helped construction organizations explore and test
solutions from Oracle and the larger construction ecosystem in a
simulated worksite environment. Today, Oracle is planning for an
extended facility and broadening the scope of the newly named
Oracle Industries Innovation Lab to feature additional partners and
technologies to solve complex business issues and accelerate
customer success across more verticals.
"We are at an inflection point with technology as the digital
and physical worlds continue to blur for our customers across all
industries," said Mike Sicilia,
senior vice president and general manager, Global Business Units,
Oracle. "This expanded Lab environment gives our customers and
partners a place to co-innovate with tools and technologies that
yield operational improvements and empowers them to use data to
create new business opportunities and revenue streams. We're coming
together to help redefine the future for these industries."
The Lab has already welcomed more than 650 visitors, including
best-in-class technology partners, customers and industry thought
leaders. There, they have worked together in a realistic worksite
environment to test how leading-edge solutions such as connected
devices, autonomous vehicles, drones, augmented reality,
visualization, and artificial intelligence tools can positively
impact the construction industry. Moving forward, the Lab will also
feature simulated environments including Utility and Communication
solutions.
Oracle Utilities will explore new concepts driving the
future of energy. Lab demonstrations and real-world modeling will
range from better managing loads on the grid with distributed
energy resources, such as solar, wind and electric vehicles; to
using artificial intelligence, IoT and digital-twin technologies to
improve network operations and speed outage restoration; to
optimizing connections with smart home devices to engage and serve
customers, while bolstering the health of the grid with better
demand planning. The Lab will also highlight how water, gas
and electric utilities can leverage the latest technology
to manage and enhance their construction efforts and minimize
disruptions during site enhancements, maintenance and
upgrades.
Oracle Communications enables both mobile in-app and web-based
digital engagement using contextual voice, HD video and screen
sharing capabilities through its Oracle Live Experience Cloud. The
Oracle Live Experience Cloud directly enables enterprises in the
E&C industry to modernize customer experience and field service
using enhanced digital engagement channels.
The use cases being demonstrated at the Lab will let
customers simulate real-time collaboration on large
construction models with massive amounts of data over a high
speed, low latency 5G network.
About Oracle
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SOURCE Oracle