Defining the success of Oracle in Cloud Applications
Businesses today are actively looking to enhance their systems by integrating with new technology, reducing their expenses and simplify their internal activities. Whichever market your business may be in, all industries are trying to manage a range of demands from employees, customers and partners, adding more pressure to deliver strategic and informed decisions quicker than ever before.
Businesses are looking to larger cloud providers like Oracle to streamline IT processes and simplify systems for investors and at the same time provide continuous improvements in the integration of AI and machine learning systems.
Rondy Ng, the senior vice president of applications development at Oracle explains that technology can provide significant support to businesses, not just from a streamlining perspective but improving engagement and transforming internal business activities and models. Many businesses today understand the importance of technology and its role in transforming business functions. Oracle Cloud enables the management of financial processes, HR and other data sources within one simplistic platform, delivering a single source of information to improve business efficiency and generate company insights.
Oracle’s position within the Cloud is highlighted by a recent statement by the CEO, Mark Hurd in the latest earnings report. Hurd refers to the IDC annual market share results, highlighting that Oracle received the highest market share worldwide out of all enterprise applications for the last three years running. Hurd points out that several leading businesses have selected Oracle as their cloud provider, including Ferguson, a wholesale distributor valued at over $20 billion, which have moved to Oracle ERP Cloud, EPM and Supply Chain. Other recent businesses moving to Oracle include Argo Insurance, Experian, Wright Medical and Emerson Electric.
Oracle continues to show success in the enterprise cloud app market through continued results for its customers, delivering solutions to the rising challenges facing many businesses today. According to recent converts, Baylor University, moving their core financial, planning and HR systems to one cloud-based platform enabled the university to enhance business insights and improve their ability to adapt to challenges faced within the education market.