Oracle Corp Stock Price, News & Analysis

Oracle has launched the Oracle Construction Intelligence Cloud Service, a suite of AI and analytics applications aimed at enhancing productivity and profitability in the engineering and construction sector. The initial application, Oracle Construction Intelligence Cloud Advisor, is now available and leverages machine learning to predict project delays, helping organizations make informed decisions and mitigate risks. Future enhancements will integrate data across Oracle's Construction and Engineering portfolio, potentially addressing risks related to litigation and supply chain performance.

A study by Oracle highlights a significant shift in financial trust due to the COVID-19 pandemic. Over 9,000 respondents from 14 countries revealed increased financial anxiety and a preference for technology over human advisors. Notably, 67% trust robots more for managing finances, with 73% of business leaders favoring robots over themselves. As companies adapt, 56% of leaders believe robots will replace corporate finance jobs within five years. Additionally, 69% of leaders report investing in digital payment capabilities, underscoring the need for AI in financial management.

On February 9, 2021, Australian Data Centres (ADC) selected Oracle Dedicated Region Cloud@Customer for sovereign cloud services for the Australian Federal Government. This initiative aims to enhance secure cloud workloads in sectors like National Security and Health. The facility in Canberra will offer high levels of security and local control over data. Key Oracle cloud services will be accessible, enabling government agencies to modernize while ensuring data sovereignty. The collaboration aims to enhance the relationship with government clients, promoting innovation and cost efficiency.

Oracle has enhanced its hybrid cloud portfolio with the launch of Oracle Roving Edge Infrastructure. This new offering allows organizations to run cloud workloads in remote locations using rugged, portable server nodes known as Roving Edge Devices (REDs). Key features include the ability to operate core infrastructure services and applications at the edge, enabling low-latency processing and consistent user experience. With pricing starting at $160 per node per day, this expansion aims to provide increased flexibility for various industries, including finance, healthcare, and logistics.

Oracle Cloud VMware Solution has achieved Provisional Authority to Operate (P-ATO) at the High impact level from the FedRAMP Joint Authorization Board (JAB). This accreditation allows U.S. government customers to utilize VMware software-defined data centers in Oracle Cloud, ensuring compliance with stringent security standards. The solution aids government agencies in migrating their VMware environments while maintaining operational continuity. This designation reflects Oracle's commitment to enhancing government cloud services.

Mastercard and Oracle announce a new automated solution to enhance the distribution of economic assistance globally. This integrated system aims to streamline eligibility determination, verification, and fund disbursement, reducing operational costs and fraud risks. The collaboration successfully piloted in Los Angeles led to over 35,000 cards distributed, providing $36 million in aid. They intend to scale this model across various U.S. cities and beyond, focusing on timely and secure relief for those affected by crises.

Oracle's Retail Merchandising Cloud Service is gaining significant traction among retailers to adapt to changing consumer shopping behaviors due to the pandemic. Key customers include Gap, Inc., Giant Eagle, Mr Price Group, and Poundland. The service, leveraging Oracle Cloud Infrastructure, helps retailers manage essential merchandising activities efficiently. Oracle has been recognized as a leader in the IDC MarketScape for its innovative solutions and embedded AI capabilities that enhance merchandising operations. Retailers are reporting faster realization of benefits from these solutions during challenging times.

According to a new study by Oracle, consumer behavior for Super Bowl LV varies significantly due to COVID-19. The survey of 2,000 U.S. viewers reveals that 8% plan to attend virtual parties while 16% expect to watch alone—double the number from previous years. Spending is also projected to decrease, with consumers expecting to spend between $100 and $500, down 7% from last year. Despite these changes, fan excitement remains high, ranking the Super Bowl as the third most popular holiday for Americans.