The Oracle Open World is one of the most renowned technology confluences globally, and technology enthusiasts from across continents look forward to it. This year, I had the opportunity to attend the grandiose four-day affair along with over 50,000 visitors at the Moscone Centre in the City of the Golden Gate – San Francisco. Oracle Open World 2019 exceeded my expectations in terms of scale and splendor. Flo Rida and John Mayer got the crowd grooving to their tunes and 500+ exhibitors kept the audience engaged; however, it was the keynote speakers – Larry Ellison, Safra A. Catz, and Steve Miranda that stole the show! I have captured some of the key highlights of the event below in no order of priority:
- Synergy is the key to Success with Fusion Cloud Applications
The crowd was abuzz when Larry Ellison, Oracle’s CTO and Chairman of the Board, announced that Fusion and NetSuite Cloud Applications have been reengineered to exploit the Generation 2 Cloud. Not only do they offer more modules, features and functions, they are also more synergized internally with multiple layers of security, and further powered by Machine Learning.
2.Solidifying the Cloud ERP leadership
The second day witnessed Oracle strengthening its ERP leadership with its latest updates to the Oracle ERP Cloud and the Enterprise Performance Management (EPM) Cloud. Powered by innovations in AI, NLP and IoT, these updates benefit organizations of all sizes in improving productivity, decreasing costs and enhancing control. Some of the highlights include:
- Digital assistants for improved user experience and heightened business efficiency
- Intelligent Document Recognition with self-learning capabilities reduce manual entry errors, provide superior accuracy and faster access
- Predictive Planning leverages trends in financial and operational data to predict decision-making quality and speed
- IoT Monetization empowers customers to drive new revenue streams
- Lease accounting with IFRS 16 support provides improved insights and enhances decision making
3.Driving the CX Cloud with Data
Powered by ML, a series of data-first updates across Oracle’s Customer Experience Cloud enable companies to leverage powerful insights and stay on top of customer needs to provide a memorable customer experience. The Oracle CX Unity Platform, spread across sales, marketing, commerce and services, provides a personalized experience to all online and offline customer transactions like visiting a website, viewing ads online, customer service calls and in-store transactions.
4. The future of Cloud is Autonomous
Taking a leap on its journey of delivering ‘the world’s first completely and truly autonomous cloud’, Oracle announced several new features to its next generation cloud. Aiming to solve the problems of security, cost, complexity and human errors, the improved autonomous cloud will benefit businesses across the spectrum. One converged database, that configures itself, to support all applications and data:
- Boosts Security
- Reduces Complexity
- Augments Reliability
- Decreases Cost
5. Free Tier for Oracle Cloud?
If you thought that when Oracle announced its Free Tier Cloud, that that was the icing on the cake? Then Oracle Cloud Infrastructure and the world’s first autonomous database being available for an unlimited period is unarguably the cherry on top. Available to all organizations, developers and students, it includes the new ‘Always Free’ services —all the essentials for developers to create complete applications on the Oracle Cloud. Companies can use the Oracle Free Tier Cloud to build prototypes, try out new technologies and perform testing before finally moving the production workload on to the cloud.
Until the next Oracle Open World, I look forward to seeing how businesses are going to leverage Oracle’s expertise and use the fresh ideas and best practices exchanged by the brilliant minds during the event.