Xerox and Oracle Partner to Help Launch New Businesses Quickly, Focusing on 3D Printing, IoT and AR
Oracle announced a multi-year agreement with Xerox providing cloud computing infrastructure and Oracle software, focusing on 3D printing, industrial IoT and augmented reality.
“We are able to operate in a very agile fashion, which allows us to build a new business in just a matter of weeks, without switching to another platform,” said Naresh Shanker, senior vice president and technical director of Xerox.
“Xerox has created a model for incubating high impact companies that solve real world problems at scale. Aging and deteriorating infrastructure, for example, requires solutions involving IoT, so Xerox is applying its knowledge and talent to the cause.
He says that until recently, it took teams at Xerox up to three months to implement the IT systems needed to support a new business – an eternity in the digital economy. Shanker’s team began to redesign cloud systems to break free from old technologies that would allow new companies born within Xerox to launch and monetize services faster.
The company chose an integrated set of Oracle Cloud solutions. He says this Oracle-in-a-box approach gives his businesses everything they need to be up and running: an online storefront in Oracle Commerce, finance and accounting in Oracle NetSuite, budgeting and financial planning in Oracle Fusion Cloud Enterprise Performance Management (EPM) and integration through Oracle Integration, a key component of Oracle Cloud Infrastructure (OCI).
In addition to providing the integration, OCI gives Xerox access to Oracle Autonomous Database, an enterprise data warehouse that allows its new businesses to manage data without any administration and perform advanced analytics. Xerox says it can also harness the power of OCI high-performance computing when researching potential new companies.
With the Oracle toolset, new Xerox businesses can sell online, create orders, process invoices, track performance and perform financial planning, as well as send and receive data and be up and running within weeks.
“We wanted to keep these solutions in the family, so to speak,” said Sreedhar Vaidyanathan, vice president of digital transformation at Xerox.
“It avoids the headaches of too many vendors and platforms. Oracle’s solutions facilitate the deployment of our new businesses to the mothership and vice versa. It’s easy to track performance. “
Xerox says its team could get the IT infrastructure in place in just six weeks for Xerox’s 3D printing business.
“Our 3D printing solutions focus on creating more resilient and flexible supply chains for manufacturers,” said Vaidyanathan. “With 3D printing, customers can order spare parts locally, or even manufacture parts themselves, instead of ordering from distant and transoceanic sources. This capability accelerates delivery and reduces the impact of supply chain disruptions. “
In late 2020, the US Naval Postgraduate School in Monterey, Calif., Installed a Xerox ElemX 3D printer to explore part manufacturing at sea. The goal is to install a printer on a Navy vessel, so that Sailors in remote areas can repair or replace parts on demand instead of carrying excess inventory or sending a plane out to the middle of the ocean to bring in the spares.
“In the back office, by automating processes such as procure-to-pay and quote-to-pay, the Xerox 3D printing team has gained the ability to transact from the start,” says Vaidyanathan.
“There is no waiting to generate invoices and start collecting income, and we can scale as needed. We can replicate this process for any new business. We don’t have to implement a different platform every time we launch. “
As Xerox businesses grow, Oracle Cloud EPM consolidates and connects data to help the business assess the financial performance of the entire portfolio.
“We can look under the hood to see how each company is doing and compare it to other units,” says Vaidyanathan. “What are their finances like? Are they in compliance? We have clear lines of sight. “
The same Oracle solutions power Xerox’s software business, CareAR, which launched earlier this year. The CareAR service experience management platform uses augmented reality technologies to enable field service teams to provide remote customer support.
Another innovation is Eloque, Xerox’s joint venture with the Government of Victoria in Australia. Xerox has developed technology that remotely monitors bridges, leveraging extensive experience with sensors, analytics, and AI to bring the physical world online.
“As a key partner of Xerox, Oracle came up with many creative ideas to get things done,” says Vaidyanathan.
“They played a decisive role in our journey. As Xerox brings more advanced technologies to market through these new companies, Oracle Cloud will continue to be an important platform for these ambitious new companies.
He says if someone has an informed idea he can come to him today and tomorrow he will give him the basic set of tools.
“Because we are an innovative company, speed to market is essential, Oracle Cloud innovations allow us to get started without too much customization. “