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Oracle Corp. reports developments across enterprise database software, cloud infrastructure, and cloud applications for large organizations. News commonly covers Oracle Cloud Infrastructure, Oracle AI Database services, multicloud database integrations, Fusion Cloud applications, NetSuite, and AI features embedded in supply chain, financial services, construction, and healthcare products.
Company updates also address logistics offerings such as Oracle Fusion Cloud Warehouse Management and Oracle Fusion Cloud Transportation Management, Oracle Health interoperability initiatives, data center infrastructure projects, partner integrations, product recognition, and operating and financial results.
Oracle and Microsoft have launched the Oracle Database Service for Microsoft Azure, providing Azure customers seamless access to Oracle's cloud database services. Customers can connect Azure subscriptions to Oracle Cloud Infrastructure (OCI) effortlessly, optimizing their multicloud experience. This service is free of charge for usage between Azure and OCI, enhancing collaboration between the two companies. Leading organizations like AT&T and Marriott are already implementing this solution, highlighting its effectiveness in modernizing applications and improving operational efficiency.
Oracle has launched Construction Intelligence Cloud Analytics to enhance its Smart Construction Platform, aimed at improving data visibility for engineering and construction organizations. This solution integrates data from various applications, enabling contractors and owners to effectively identify issues, predict risks, and enhance performance across project lifecycles. Oracle emphasizes the platform's predictive intelligence, aiming for 'six sigma precision' in project management and facilitates better decision-making through centralized data access, improving coordination and operational efficiency.
A study by Beagle Research Group, in partnership with Oracle, reveals that while sellers are resilient post-pandemic, many face significant challenges. About 33% struggle to close deals, with 43% noting customer purchasing pullbacks and 39% experiencing longer decision times. The research highlights a demand for automation to offload routine tasks, with 70% of sellers trusting AI for lead qualification. Notably, 37% report increased responsibilities without additional resources, and 59% are involved in training new sellers, consuming substantial time.
Oracle has partnered with Claro to offer Oracle Cloud Infrastructure (OCI) services to organizations in Colombia. Claro will become the host partner for an Oracle Cloud region, enabling OCI platform services and professional support for cloud adoption. This initiative aims to modernize IT infrastructure and stimulate economic recovery in Colombia. Claro plans to migrate over 100 on-premises servers to OCI, enhancing customer service and billing processes. This partnership is expected to accelerate technology modernization and competitiveness in Latin America.
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Oracle Corporation (NYSE: ORCL) announced its upcoming Oracle CloudWorld Las Vegas event, set for October 17-20, 2022. The company reported a 19% increase in total cloud revenues, reaching $2.9 billion for the quarter ending May 31, 2022. Notably, IaaS revenues surged 36% to $792 million, while SaaS revenues from Fusion ERP and NetSuite ERP also saw significant growth. CEO Safra Catz expressed excitement about the continuous growth across their cloud applications and infrastructure as they prepare for CloudWorld.
Oracle has opened its first cloud region in Mexico, located in Querétaro, expanding its global cloud infrastructure footprint to 39 regions. This development allows public and private organizations in Mexico to access a variety of cloud services with enhanced security and disaster recovery capabilities. The new region is committed to sustainability, aiming to utilize 100% renewable energy by 2025. Furthermore, it provides organizations access to emerging technologies to modernize operations and improve customer experiences.
Commvault has expanded its partnership with Oracle to offer Metallic Data Management as a Service (DMaaS) on Oracle Cloud Infrastructure (OCI). This collaboration aims to enhance data protection for enterprise customers against threats while ensuring compliance with local data residency laws. Metallic DMaaS delivers improved security and simplified recovery options, facilitating seamless integration between on-premises and cloud environments. The service aims to combat ransomware and unauthorized data access across various sectors, leveraging OCI's advanced security features and storage capabilities.
Oracle has launched the Oracle Food and Beverage Payment Cloud Service, enabling US restaurants to accept multiple contactless payment options without hidden fees or long-term contracts. This service features a fixed fee pricing model and operates on Oracle Cloud Infrastructure, ensuring security and compliance. Partnering with Adyen, Oracle aims to simplify payment processing, allowing restaurateurs to manage operational costs more effectively. The service directly integrates with the Oracle MICROS Simphony POS system, offering comprehensive support for restaurant needs.
Oracle has launched the Oracle Utilities Agent Service, a cloud application designed for utility customer service teams that integrates billing, usage, and interaction data for a comprehensive view of customers. The application employs AI-powered tools to assist agents in efficiently resolving customer issues and recommending services. This enhances agent productivity and improves customer interactions across multiple service channels. Oracle's CX for Utilities suite aims to optimize customer experiences for water, gas, and energy providers, supported by its advanced technology and operational knowledge.