A glimpse into tomorrow: Highlights from Oracle CloudWorld 2023
Oracle’s CloudWorld 2023 conference in Las Vegas, Nevada, USA, was a testament to the company’s commitment to cutting-edge technology and customer-centric solutions. Throughout the event, Oracle unveiled many insights and innovations that showcased its dedication to transformative technologies and comprehensive solutions. Let’s delve into a few of these remarkable insights and innovations unveiled at the conference.
Generative AI focus: Oracle’s Vision for the Future
At CloudWorld, Oracle showcased its unwavering belief in generative AI or Gen AI, a transformative technology that promises to reshape industries. Larry Ellison, Co-founder, Chief Technology Officer, and Executive Chairman of Oracle, led the charge by emphasizing Gen AI’s potential to revolutionize various sectors. His keynote, “Oracle Vision for the Future,” centered on the positive impact of Gen AI on healthcare and other domains. Oracle is poised to integrate Gen AI into its product portfolio, reflecting a commitment to pushing the boundaries of artificial intelligence.
Evolving competitive landscape
Oracle is not alone in acknowledging the immense potential of Gen AI. Industry titans like AWS, Google, Microsoft, Salesforce, and IBM are swiftly weaving Gen AI into their portfolios, driven by an ever-increasing demand among enterprises for AI-driven efficiency and productivity. As these giants converge on this transformative technology, the future competitive landscape promises a captivating and dynamic evolution.
Oracle’s three-tier strategy
Oracle finally unveiled its three-tier Gen AI strategy consisting of the following:
- API-led services offerings
- Upgraded AI-based offerings, such as the Oracle Digital Assistant and OCI Language Healthcare NLP
- Partnership with Cohere for a large language model (LLM).
While Microsoft, AWS, Google Cloud, and IBM have released their Gen AI offerings, Oracle has taken its time to create a comprehensive three-tier approach.
Oracle Database 23C integrates AI to focus on outcomes
Oracle has extended innovation to database solutions, with Oracle Database 23c incorporating AI Vector Search capabilities. This enhancement enables enterprises to seamlessly integrate LLMs for natural language interfaces within applications built on the Oracle Database.
Fusion Cloud suites updated with Gen AI
Oracle’s Gen AI features have been extended to its Fusion Cloud suites, targeting a wide range of industries, including customer experience (CX), human capital management (HCM), enterprise resource planning (ERP), and supply chain management (SCM). All these features and capabilities aim to improve employee productivity significantly.
Oracle for agriculture and going green
One of the standout moments of the conference was Larry Ellison’s visionary presentation. He proposed a groundbreaking solution for reshaping the global agricultural industry using AI-powered greenhouses. Ellison’s vision outlined how AI-enabled indoor farming could dramatically reduce water usage by up to 98 percent, decrease land usage by 90 percent, and eliminate the need for pesticides. This transformative approach promotes sustainability, reduces greenhouse gas emissions, and offers year-round job opportunities.
Ellison’s keynote brimmed with ambitious visions for the future of agriculture using Gen AI, and his insights and perspectives were undeniably exhilarating and thought-provoking.
Generative AI in healthcare
Oracle’s focus on healthcare includes the introduction of a Clinical Digital Assistant integrated with electronic health records. This digital assistant empowers healthcare providers with voice command functionality for tasks such as creating patient forms and self-service options for patients.
Given the time-critical nature of healthcare, applications that reduce time and enhance human efficiency will prove instrumental in providing invaluable support to healthcare providers and improving the well-being of patients.
APEX for software code
Oracle introduced Application Express (APEX), a solution that leverages Gen AI to generate software code. Ellison asserted that APEX could write applications more effectively than humans, representing a significant advancement in application development.
It’s exhilarating to witness Oracle’s unwavering commitment to harnessing the immense potential of AI, positioning it as a transformative force at the core of all our endeavors.
Uber and Oracle: Innovation, growth, and endless possibilities
Another notable announcement was the collaboration between Oracle and Uber, resulting in the “Collect and Receive” service. Powered by Oracle technology, this collaboration simplifies e-commerce and omnichannel solutions for retailers using Oracle Retail Cloud. The service offers rapid configuration-based capabilities, benefiting thousands of Oracle Retail Cloud users.
These exciting developments promise an exciting future, marked by the rapid emergence of new products and the swift scalability of existing ones.
Supply chain enhancements
In addition to these advancements, Oracle substantially enhanced its supply chain solutions, focusing significantly on Oracle Order Management Cloud and Oracle Supply Chain Command Center. These improvements support product companies transitioning into service providers, offering precise control over the timing and details of services. The Supply Chain Command Center simplifies control tower capabilities for Oracle suite users, reducing data integration challenges.
Comprehensive Fusion Applications
Steve Miranda, Executive Vice President of Applications Product Development at Oracle, showcased Oracle Fusion Applications as a comprehensive solution that covers every aspect necessary for business success. These applications offer an all-encompassing toolkit for organizations striving to excel in the digital age.
Customer success stories
Oracle’s Chief Executive Officer, Safra Catz’s keynote, featured inspiring customer success stories from diverse industries, including Uber, AON, Tim Brazil, Loblaw, and Emerson. These stories shed light on the positive outcomes of digital transformations, emphasizing the importance of customer success, growth, and operational excellence.
Oracle has strategically centered its focus on customer success, proactively making decisions to provide cloud technologies that drive business growth and ensure long-term success.
Fusion Data intelligence
Oracle also unveiled plans for a data intelligence platform within Fusion Applications. This platform seamlessly connects applications, data models, analytics, and AI capabilities, providing predictive and prescriptive insights and recommendations, thus promising to enhance decision-making and drive business success.
Multi-cloud strategy for customer success
Larry Ellison emphasized the importance of a multi-cloud strategy, allowing customers to choose their preferred cloud providers. Oracle’s recent collaboration with Microsoft, allowing Oracle Database to run on Microsoft Azure, exemplifies this commitment to customer choice.
It’s compelling to witness Oracle’s commitment to delivering precisely what customers demand. Incorporating true multi-cloud functionality delivers remarkable benefits in terms of simplicity, performance, security, and substantial cost savings, all tailored to enhance the customer experience.
B2B commerce innovations
Oracle’s dedication to innovation in B2B commerce was evident, building on its partnership with JP Morgan. Steve Miranda outlined advancements in end-to-end business-to-business commerce across various value chain segments, aiming to streamline operations and boost efficiency.
Throughout the event, Oracle leaders reiterated their unwavering commitment to customer success. The Cloud Customer Connect community is a vibrant forum for collaboration, fostering ideas, problem-solving, and education. Oracle’s various customer success programs solidify the partnership with customers to deliver value from its investments.
Zensar is proud to have participated in this monumental event. Oracle CloudWorld 2023 distinctly showcased the company’s unwavering dedication to harnessing the potential of Gen AI for industry transformation. Oracle and esteemed SI partners such as Zensar consistently focus on customer success, holistic solutions, and collaborative innovation. Oracle continues to lead as a trailblazer in the constantly evolving tech sphere, and Zensar’s Oracle Unit, as a Platinum partner, is excited to be an active participant in this transformative journey.