Tech giant Oracle has launched its Internet of Things cloud service today, allowing customers to gain new data-driven insights from IoT implementations and take appropriate actions.

Oracle’s IoT cloud service consists of three core elements:

  1. Connect – allowing users to reliably and securely collect data from any device in any market through technical abstraction, thereby accelerating time to market
  2. Analyse – providing real-time and predictive analytics via big data processing
  3. Integrate – using open APIs and pre-integration with Oracle’s platform-as-a-service (PaaS) and on-premise applications.

The cloud service provides device virtualisation, flexible IoT network topologies, stream processing, event stores, and command and control functionality.

Access to Oracle’s IoT platform has been a long time coming, having first been announced at Oracle Open World 2015 last October.

The company's initial targets for the platform include organisations looking to perform remote monitoring of their industrial equipment and asset tracking for logistics, and those in the construction, utilities, agriculture and transport industries.

Potential customers will have access to metered and non-metered subscriptions, but the prices for these plans have yet to be announced.