Oracle Corp Stock Price, News & Analysis

The Los Angeles County Office of the Assessor has transitioned to Oracle Cloud Infrastructure (OCI), enhancing data processing and user experience while reducing operational risks. This move is part of a five-phase Assessor Modernization Project that aims to modernize their legacy systems. With OCI, processing times have halved from eight hours to four, and significant cost savings have been realized by eliminating on-premises infrastructure. The Office plans to extend access to the modernized application (AMP) to other counties in California, marking a major achievement in governmental modernization efforts.

On November 3, 2021, the Golden State Warriors and Oracle unveiled the Warriors Player Dashboard, designed to enhance player development by offering real-time statistics and integrated performance data. This innovative dashboard aggregates shot performance metrics, providing insights into player efficiency across three shot zones. It supports real-time decision-making and will be utilized throughout the Oracle Performance Center. This partnership, lasting over 15 years, emphasizes the use of data for competitive advantage and aims to bolster the team's strategy for the upcoming NBA season.

Oracle has launched new Oracle Cloud Infrastructure (OCI) AI services, enabling developers to easily implement AI without needing extensive data science skills. These services include pretrained models for various applications, such as OCI Language for text analysis, OCI Speech for speech recognition, and OCI Vision for image processing. Designed to address common AI implementation challenges, these offerings aim to accelerate innovation and enhance operational efficiency across industries. The services are integral to Oracle's broader AI ecosystem, improving business outcomes.

Oracle has unveiled its Fusion SCM Analytics, a cloud analytics solution aimed at enhancing visibility and efficiency within supply chains. This tool leverages Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, offering pre-built metrics and machine learning capabilities to identify issues and control costs. A recent survey shows that 87% of Americans faced supply chain disruptions, highlighting the importance of this new tool. With it, organizations can correlate supply chain performance to business goals and predict future disruptions.

A recent survey, sponsored by Oracle Construction and Engineering, reveals that 29% of architecture, engineering, and construction (AEC) firms currently use predictive analytics tools, with 60% planning to invest within two years. The focus is on improving project outcomes by enhancing decision-making through data strategies. Notably, 85% of firms utilize at least a quarter of their project data for decision-making. Key areas for improvement include quality (45%), productivity (41%), and financial management (38%). The study surveyed 405 executives across multiple countries in March 2021.

A study by Oracle and Workplace Intelligence reveals that post-pandemic, 80% of workers report negative impacts on their lives, with 62% experiencing increased work stress. Employees feel stuck in their careers, with 75% lacking growth opportunities. Despite challenges, 93% are eager to embrace change, valuing work-life balance and mental health. Notably, 85% believe technology and robots can aid in career development, surpassing human support. Employers must enhance their support to retain talent, as 55% would stay with companies leveraging advanced technologies for career growth.

A survey conducted by Oracle and Informa Pharma reveals significant shifts in clinical trial methods due to the COVID-19 pandemic. Of the 251 participants, 84% adopted alternative tactics to maintain trials, with 82% reporting positive impacts. Looking forward, 97% plan to continue using at least one new method, primarily remote monitoring and video visits. Nearly half noted more timely data access and enhanced patient flexibility. 92% expressed confidence in data quality from these innovations, indicating a shift towards decentralized clinical trials.

Oracle was named a Leader for the sixth consecutive year in the 2021 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises. The report assesses vendors on execution and vision, with Oracle ranked high in both categories. The company emphasizes its commitment to enhancing employee experiences, addressing challenges like the Great Resignation. New features like Oracle Payroll Core were introduced to provide flexible payroll solutions globally. Oracle Cloud HCM integrates various HR processes, optimizing the workforce experience.

The Brattle Group and Oracle Utilities report highlights the critical role of utility customers in achieving decarbonization goals. By 2040, customer actions can reduce GHG emissions significantly, potentially equating to the retirement of over 135 coal plants. The study underscores that individual utility customer initiatives, such as energy efficiency adoption, can have a more substantial impact on emissions reduction compared to solely investing in clean energy supply. With 78% of U.S. consumers served by utilities with carbon reduction targets, the findings advocate for collaborative efforts between utilities and customers to combat climate change.