Learn About Integrating IoT Asset Monitoring Cloud with Enterprise Asset Management

Your assets represent significant value to your organization. To prevent loss and mitigate risk, you need accurate data about the location and current health of your assets at all times. You may also want to control them remotely to mitigate risk. By synchronizing assets between Oracle Enterprise Asset Management and Oracle Internet of Things (IoT) Asset Monitoring Cloud Service, you can prevent the risk of eroding brand value.

Before You Begin

Before integrating Oracle Internet of Things (IoT) Asset Monitoring Cloud Service with Oracle Maintenance Cloud, review the related design solution. See Learn about options for connecting devices to Oracle Internet of Things applications.

Architecture

Use Oracle Internet of Things (IoT) Asset Monitoring Cloud Service to connect directly to Oracle Enterprise Asset Management.

You import assets that are managed by Oracle Enterprise Asset Management into Oracle IoT Asset Monitoring Cloud Service. You associate one or more sensors with each asset, and set conditions that generate an incident. The incidents that are generated in Oracle IoT Asset Monitoring Cloud Service automatically create work orders in Oracle Enterprise Asset Management. Updates to work orders on Oracle Enterprise Asset Management automatically update incidents in Oracle IoT Asset Monitoring Cloud Service.

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The architecture diagram illustrates this flow:

  1. Assets are imported from Oracle Enterprise Asset Management to Oracle IoT Asset Monitoring Cloud Service and sensors are associated with these assets.
  2. When a preset condition occurs on the sensor (for example, high temperature), an incident is generated. This incident automatically generates a work order in Oracle Enterprise Asset Management.
  3. Changes to the work order in Oracle Enterprise Asset Management (for example, a status update), are automatically reflected in the incident reported in Oracle IoT Asset Monitoring Cloud Service.

About Oracle IoT Asset Monitoring Cloud Service

Oracle Internet of Things (IoT) Asset Monitoring Cloud Service lets you monitor the location, condition, and utilization of your assets.

Asset management traditionally employs manual techniques. Untraceable assets, asset downtimes, and asset write-offs are common problems that are associated with traditional asset management systems. A typical manufacturing company, for example, can spend 25% of the total operating costs on asset maintenance.

Oracle IoT Asset Monitoring Cloud Service helps improve business productivity and reduce the operational costs and inefficiencies that are associated with asset management. With Oracle IoT Asset Monitoring Cloud Service, asset locations and asset health conditions are known at all times. Features such as anomaly detection and predictive analytics can help you detect and address problem areas. You can proactively take action, and schedule maintenance and replacements.

Use Oracle IoT Asset Monitoring Cloud Service to:

  • Locate assets instantly

  • Ensure asset availability and utilization

  • Prevent asset theft and misplacement

  • Reduce business process interruptions and downtime

  • Reduce capital expenditures

About Oracle Enterprise Asset Management

Oracle Enterprise Asset Management is part of Oracle E-Business Suite and addresses the comprehensive and routine maintenance requirements of asset-intensive organizations. Using Oracle Enterprise Asset Management, you can efficiently maintain assets, such as vehicles, cranes and heating, ventilation and cooling (HVAC) systems, as well as rotable inventory items, such as motors and engines. To measure performance and optimize maintenance operations, you can track all maintenance costs and work history at the asset level.

Oracle Enterprise Asset Management tracks the performance of assets (including rebuildable inventory items) by using meters, quality plans, and condition monitoring systems. By effectively monitoring an asset's operating condition, you can implement effective preventive maintenance strategies. In addition to creating preventive maintenance schedules, you can create alternative maintenance strategies for seasonal or production capacity changes.

The comprehensive maintenance functionality of Oracle Enterprise Asset Management supports lifecycle strategies for asset-intensive industries, including metals and mining, manufacturing, pulp and paper, petrochemicals, facilities, and education. Oracle Enterprise Asset Management eliminates the need for spreadsheets and disparate data repositories, because it enables you to manage reactive, planned, preventive maintenance, and adopt a centralized, proactive strategy for managing asset maintenance across your enterprise.

About Required Services and Roles

This solution requires the following services:

  • Oracle Internet of Things (IoT) Asset Monitoring Cloud Service

  • Oracle Enterprise Asset Management

These are the roles needed for each service:

Service Name: Role Required to...
IoT Asset Monitoring: IoTAMAdministrator The application administrator sets up and maintains the application. The application administrator optimizes the availability of assets to meet the service levels required by the organization.
IoT Asset Monitoring: IoTAMOperationsManager The operations manager manages and ensures the day-to-day availability of assets.
IoT Asset Monitoring: IoTAMTechnician The technician performs asset registration and retirement tasks.
IoT Asset Monitoring: IoTAMUser The asset user locates a required asset based on search criteria, such as proximity, type, and utilization. The asset user puts an asset to productive use after looking at parameters, such as asset attribute details and operational health status.

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