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Oracle OpenWorld Event

Oracle – cloud and future data management systems

by Mike Jones in Data Analytics, Digital Technology, EPM 31/12/2018

After the recent Oracle OpenWorld conference in San Francisco, the business has progressed with its new Exadata project.

Oracle OpenWorld Event

The Exadata project intends to make it considerably simpler for enterprises to handle data without requiring the need to manage dozens of servers, varied networks and a range of storage options.

The ultimate goal of the project is to provide Oracle customers with a singular stack that is capable of delivering the highly effective results. David Sivick, the technology initiatives manager at Wells Fargo and speaker at Oracle OpenWorld explains that the bank is now utilising 70 racks of Oracle’s Exadata. Prior to implementing these systems, Well Fargo required thousands of Dell servers to produce the same results.

Sivick explains that the new system has resulted in savings exceeding millions of dollars every year.

He explains that Wells Fargo has seen significant improvements in overall waiting times, a reduction in space required for compression and a general increase in application speeds. The main objective was to consolidate overall processes, the business was attempting to manage a range of varying systems, with different databases and memory systems.

Whilst Exadata can sometimes take longer to implement and operate, it does enable larger businesses to avoid managing multiple platforms and situations of handling technology upgrades over numerous systems. Wells Fargo now operates over 90% of its databases on Exadata, leaving the remaining systems in their existing form purely for strategic decisions or because they are due to be removed.

At this year’s Oracle OpenWorld, the conference focused a lot on the cloud credentials of the business and their vision of how the cloud would manage existing operational challenges. The cloud based strategy of Oracle is focused mainly on the provision of important business applications. At the conference, Oracle states that larger businesses are now using its Exadata products to improve speed and enhance the use of data services and reduce overall reliance on traditional systems.

Larry Ellison, the chairman of board and chief technology officer at Oracle highlighted the competitive edge of the business against Amazon Web Services, referring to Exadata-based projects and data warehousing.

Oracle intends to place itself as a leader in the transformation of cloud technology, an area that is likely to be vital in future ERP applications. The business is also very aware of the challenge facing larger businesses like Wells Fargo that require a complex migration of multiple systems into a streamlined integrated network.