Oracle, a global leader in enterprise cloud computing, has 430,000 customers in 175 countries, providing Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS) and Data as a Service (DaaS).
Oracle Executive Chairman and CTO Larry Ellison recently announced the latest in the company’s autonomous strategy: Oracle Autonomous Transaction Processing. This self-driving database cloud service runs finance, retail, manufacturing and government applications, including transaction processing, reporting, batch and analytic workloads.
“Oracle is by far the best database in the world and it just got a lot better because now it’s autonomous,” said Ellison. “This delivers a much more reliable, much more secure system—a system that protects against data theft, a system that is up 99.995 percent of the time, and a system that makes organizations and their developers dramatically more productive.”
Oracle CEO Mark Hurd described the value-add for database administrators as “applying their talents and creativity with the insights that only a human being can provide.”
The #autonomous enterprise is not your average #enterprise. It does a better job at everyday decision-making. Faster, higher-quality, more-confident decisions. Discover more: https://t.co/gBCy47420Q via @Forbes #AI pic.twitter.com/Mkm7TZ2oPl
— Oracle Cloud (@OracleCloud) August 23, 2018
Systemic automation of database and infrastructure operations cuts administrative costs up to 80% and cuts runtime costs up to 90%. Automatic application of security updates with no downtime prevents cyber-attack vulnerabilities.
3 converging trends in cloud security for the public sector.
— Oracle (@Oracle) August 27, 2018
Hurd has identified 5 key pillars for Oracle:
1. Get the strategy right.
3. Put the right people in the right places.
4. Manage dual priorities that others see as conflicting.
5. Keep everyone focused on what matters.
In pursuit of cloud success, Oracle has recently secured deals with AT&T, Bank of America and Qantas Airlines.
Along with the rise of artificial intelligence in the workplace, Hurd is keen on the need for smarter talent management practices. With a global decline in birth rates, some countries are experiencing “sub-replacement” birth rates, requiring an adjustment to fewer employees entering the workforce
Hurd sees the solution as pattern-matching, leveraging AI to assess thousands of job applications and gain insights an applicant’s professional history.
Oracle’s “Soar to the Cloud” solution enables customers with applications running on premises to upgrade to Oracle Cloud Applications in as little as 20 weeks.
“It’s now easier to move from Oracle E-Business Suite to Oracle Fusion ERP in the cloud, than it is to upgrade from one version of E-Business Suite to another,” said Ellison. “A lot of tedious transitions that people once did manually are now automated. If you choose Oracle Soar, it will be the last upgrade you’ll ever do.”
“We know the power of automation in solving business problems for our customers—it’s baked into all of our applications,” added Beth Boettcher, SVP North American applications consulting. “We’ve applied the same thinking to the cloud upgrade process to create an end-to-end solution that will enable our customers to experience a rapid, predictable, and cost-effective journey to the cloud.”
On the security front, an increasing concern for the enterprise boardroom, a report by Oracle and KPMG found that two-thirds of the 450 companies surveyed have been disrupted by a security incident in the past two years with more than experiencing a breach-related financial impact.
This positions Oracle well with its cloud benefits. As Hurd notes, “What’s very clear is that the status quo in information security—disparate systems, drawn-out patching, point solutions—isn’t working. Every week brings more evidence of that reality and brings another CEO under fire. It’s long past time for companies to start coming at this problem differently. The cloud and new autonomous software may be the answers they are looking for.”
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