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.
ClearSale partners with Oracle to host a webinar on Ecommerce UX: High-Converting Strategies for Peak Seasons on October 14, 2021. The event aims to assist ecommerce merchants in enhancing user experiences during peak shopping seasons, critical for revenue and customer retention. With 230 million online buyers projected in the US, the webinar will cover essential strategies for improving site performance, checkout processes, and fraud protection. Attendees will have a chance to engage in a live Q&A session.
Oracle Textura Payment Management Cloud Service has managed subcontractor payments for construction projects totaling $1 trillion, marking a significant milestone since its launch in 2006. Over 78,000 projects have utilized the system, processing approximately $9 billion in monthly payments. Notably, the construction value managed has doubled from $500 billion in 2018 to $1 trillion today. The service enhances efficiency, reduces payment risks, and aids in compliance management for contractors and subcontractors.
Oracle (NYSE: ORCL) will hold its 2021 Annual Meeting of Stockholders on November 10, 2021, at 1:00 p.m. Central Time, via a live audio webcast. Stockholders as of September 13, 2021, the record date, can participate. Guests may attend but cannot vote or ask questions. Proxy materials with meeting participation and voting instructions are available at www.virtualshareholdermeeting.com/ORCL2021. A recording will be accessible until November 17, 2021.
Oracle has announced plans to expand its global cloud region footprint, opening 14 new cloud regions in Europe, the Middle East, Asia Pacific, and Latin America over the next year to meet rising customer demand. Key locations include Milan, Stockholm, and Johannesburg. By the end of 2022, Oracle aims to operate at least 44 cloud regions, continuing its rapid growth strategy. The expansion supports business continuity and disaster protection, ensuring compliance with local data residence requirements.
Oracle, TIM (Telecom Italia), and Noovle have signed a collaboration agreement to deliver multicloud services in Italy. This initiative aims to enhance digital modernization across enterprises and public organizations. Noovle will utilize its data center network, while TIM provides extensive ICT services, and Oracle contributes its next-generation cloud infrastructure. The partnership will focus on enabling operational efficiency and data sovereignty, aligning with Italy's digital transformation efforts, and facilitating the migration of TIM’s critical data management workloads to Oracle Cloud Infrastructure.
A survey by Oracle Communications reveals that 94% of communications service providers (CSPs) face challenges with their current charging systems as they prepare to launch 5G networks by 2022. The study showed that 38% struggle with managing costs and 34% with timely market offerings. CSPs intend to introduce an average of three new 5G-enabled services and plan upgrades to their charging systems within 18 months. Key features desired include cross-network convergence (55%) and cloud-native capabilities (32%).
K-12 school systems in the U.S. are increasingly turning to Oracle Cloud to enhance operational efficiency and resource management amidst budgetary constraints. The adoption of Oracle solutions, including Fusion Cloud HCM and ERP, has enabled schools to streamline processes, reduce costs, and improve staff engagement. Notable implementations include the Allegheny Intermediate Unit, Cherry Creek School District, and Wichita Public Schools, all reporting significant enhancements in HR, finance, and data management. These advancements are crucial as schools adapt to evolving educational needs.
Oracle has introduced new AI governance capabilities in its Financial Services Compliance Studio to aid financial institutions in responsibly implementing AI. These updates aim to address bias and enhance efficiency in anti-money laundering practices. Key features include a visual canvas for model building, interactive testing, model monitoring, and easy sandbox creation for business users. These advancements address the challenges of current compliance processes, which are often manual and error-prone. This partnership with PwC's Model Edge aims to ensure responsible AI usage in the sector.
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Oracle has joined the IoT Community as a Diamond level corporate member and appointed Andrew Morawski to the IoT Community Advisory Board. The IoT Community is the largest group of IoT professionals, focusing on transformative technology adoption. Morawski's experience will contribute to advancing innovation in IoT deployments. Oracle will also present a keynote at the IoT Grand Slam 2021 event on December 10. This partnership aims to enhance collaboration and insights within the IoT landscape, leveraging Oracle's extensive expertise in cloud and communications.