The Internet of Things (IoT) is a lot like Big Data in both the challenges it poses and the promises it holds. Like Big Data, it seeks to collect vast, scattered intelligence into one place where it can be worked on to gain insights. IoT is young, and companies that want to implement it are often required to round a long curve to get from asset connection to aggregation to business value. One company is looking at ways to compress that process into packaged IoT applications for specific use cases.

Bhagat Nainani, GVP of IoT and Big Data at Oracle, spoke about what companies must do to gain value from IoT. The first order of business is connecting devices. Next, “They want to move to a more proactive monitoring, so they’re collecting information from all these assets, and they want to do predictive analytics,” he explained.

Nainani told Peter Burris (@plburris), of theCUBE, from the SiliconANGLE Media team, during a special On-the-Ground segment at Oracle’s Redwood Shores Headquarters that the final step is “using IoT in their core business processes, whether it be back office supply chain processes, ERP [enterprise resource planning] processes or customer-facing processes like CRM [customer relationship management].”

Shortcut to value

Nainani said that Oracle is working on products to shorten the IoT process for some companies with specific goals — namely its out-of-the-box applications.

“By providing these out-of-the-box applications for specific use cases around asset monitoring, equipment prognostics or supply chain, we are really trying to reduce the time it takes for you to deploy an IoT solution,” he said, adding that you configure them, set parameters, connect devices and they’re ready to go.

Watch the complete video interview with Bhagat Nainani below:

Photo by SiliconANGLE