7 Key Takeaways From Oracle CloudWorld 2023

Oracle has recently emphasized the significance of generative AI, following Larry Ellison's view that it's a pivotal technological innovation. At their CloudWorld conference, Oracle unveiled a suite of products and updates focused on advancing AI.

This move aligns with a trend seen in competitors like AWS, Google, Microsoft, Salesforce, and IBM, all integrating generative AI into their offerings. Oracle aims to capitalize on rising enterprise demand for generative AI-driven solutions to bolster its revenue, as organizations seek to leverage this technology for enhanced productivity and efficiency. To meet this demand, Oracle has introduced a range of products as part of its three-tier generative AI strategy.

In this article you will learn about seven key takeaways from Oracle CloudWorld 2023.

Here are 7 key takeaways from CloudWorld 2023:

1. Focus on Cloud Leadership

A major theme at CloudWorld was Oracle's growing market share and leadership in cloud computing. Oracle currently claims to be the world's largest database company, the world's largest enterprise SaaS Company, and the world's second largest public cloud infrastructure company behind only AWS.

In his keynote, Ellison cited IDC data showing that Oracle's infrastructure cloud platform has been growing much faster than AWS and Azure.

He touted Oracle's 'Gen 2 Cloud' architecture as more advanced, secure, and cost-effective like VPS server Singapore, especially when you compare it with first generation cloud platforms.

Integrating robust cloud solutions into real estate photography workflows can revolutionize the industry, offering enhanced storage capabilites, streamlined collaboration, and efficient data management.

Oracle's strides in cloud leadership could potentially redefine how real estate visuals are captured, stored, and utilized, fostering a new era of innovation within the sector.

2. Autonomous Database Momentum

Ellison devoted a significant portion of his keynote to highlight momentum with the Oracle Autonomous Database, the company's flagship database product that uses machine learning to automate administration, tuning, patching, and upgrading. He claimed Oracle's autonomous database eliminates human labor, human error, and provides much higher reliability, security, and performance. Over 16,000 autonomous databases have been activated by customers with zero reported downtime.

Automation encompasses critical tasks like performance tuning, patching, upgrading, and routine maintenance. As a result, the Oracle Autonomous Database offers enhanced reliability, improved security, and superior performance compared to traditional database management methods. Its proactive approach to identifying and addressing potential issues in real-time ensures minimal downtime and consistent availability.

One standout achievement Ellison highlighted was the activation of over 16,000 autonomous databases by customers, all with zero reported downtime. This milestone underscores the success of Oracle's approach in transforming database administration, making it more efficient, secure, and dependable. Overall, the Oracle Autonomous Database represents a groundbreaking shift in how databases are managed, promising significant benefits for organizations seeking to streamline operations and enhance their data infrastructure.

3. Cloud Applications Growth

Oracle also emphasized strong adoption of its suite of cloud applications including ERP, HCM, Supply Chain Management, and Customer Experience. The company now claims over 11,000 Fusion ERP customers and over 28,000 NetSuite ERP customers. Key customers like Snap, Truist Bank, and Cisco presented how they are leveraging Oracle Cloud Applications to transform their organizations.

Oracle's success in the cloud extends beyond infrastructure services such as cheap dedicated server, with a strong focus on its suite of cloud applications, including ERP, HCM, Supply Chain Management, and Customer Experience solutions. Boasting a customer base of over 11,000 Fusion ERP customers and 28,000 NetSuite ERP customers. 

Oracle has established itself as a trusted provider of cloud-based business applications. High-profile clients like Snap, Truist Bank, and Cisco have highlighted their innovative use of Oracle Cloud Applications to drive transformative changes in their organizations, demonstrating the tangible benefits and value these solutions bring to a diverse range of industries worldwide. This underscores Oracle's commitment to delivering cutting-edge technology solutions that empower businesses to thrive in the digital age.

4. Cloud Infrastructure Expansion

To support growing demand for its infrastructure services, Oracle announced major expansions of its cloud region footprint. 4 new cloud regions are being added in Switzerland, United Arab Emirates, Saudi Arabia, and Israel. This brings Oracle's total number of cloud regions to 44 around the world, aiming to provide in-country or near-country cloud services to customers in most major markets.

Oracle has expanded its global cloud region presence with four new regions in Switzerland, the United Arab Emirates, Saudi Arabia, and Israel. This move, bringing the total to 44 regions worldwide, reflects Oracle's commitment to meeting growing demand for its infrastructure services globally.

5. Vertical Cloud Focus

Oracle emphasized industry-specific solutions rather than a one-size-fits-all strategy. Executives highlighted 'verticalized' cloud offerings for major sectors like financial services, telecommunications, and the public sector. For example, Oracle's dedicated cloud for financial services includes solutions for core banking, payments, fund transfers, and compliance automation. This vertical focus allows tighter integration and better addressing of industry-specific challenges.

6. Partnerships and Interoperability

Oracle also underscored partnerships and interoperability with other technology vendors and best cheap dedicated server providers. Ellison announced new integrations with companies like Box, Crowdstrike, and Zoom that make it easier for customers to leverage those services alongside Oracle's cloud. He also emphasized Oracle's support for multi-cloud with infrastructure and tools to run applications seamlessly across on-prem, Oracle Cloud, and even rival clouds like AWS and Azure. This hybrid, multi-cloud approach provides flexibility for enterprises.

Moreover, Oracle's commitment to supporting a multi-cloud ecosystem, spanning on-premises setups, Oracle Cloud, and competing platforms like AWS and Azure, presents a versatile landscape for businesses aiming to optimize their sales pipeline CRM by harnessing the benefits of a hybrid, multi-cloud infrastructure.

7. Emerging Technologies Showcased

CloudWorld 2023 provided a glimpse at how Oracle is embracing cutting-edge technologies. Sessions and demos were delivered on how Oracle is integrating AI/ML across its cloud applications and database for greater automation and intelligence. Oracle also highlighted new services around blockchain, digital assistants, Internet of Things, and its 'low code' Apex platform for rapidly developing cloud-native apps without coding expertise. The breadth of technologies aims to future-proof Oracle's cloud.

Conclusion

Oracle CloudWorld 2023 emphasized Oracle's growing cloud footprint, momentum with autonomous database and SaaS applications, expanding global infrastructure, vertical industry solutions, partnerships, multi-cloud support, and emerging technologies. The conference showcased Oracle's evolution into an enterprise cloud powerhouse that intends to challenge AWS, Microsoft, Salesforce, and SAP for leadership across a broad spectrum of cloud services. With its technology strengths and large installed base, Oracle aims to be the trusted cloud provider for companies worldwide as they transition mission-critical workloads to the cloud.

Which is the biggest takeaway from Oracle CloudWorld 2023 in your opinion? Share it with us in the comments section below.