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Inaugural Startup Class Collaborates on Enterprise Growth and Cloud Innovation at Oracle’s First U.S. Startup Hub

Thu, 2018-10-11 07:00
Press Release
Inaugural Startup Class Collaborates on Enterprise Growth and Cloud Innovation at Oracle’s First U.S. Startup Hub Austin, Texas hub welcomes six startups to the global program and Capital Factory co-working space

Redwood Shores, Calif.—Oct 11, 2018

Oracle today announced the first class of startups joining the Oracle Global Startup Ecosystem hub in Austin, Texas. Announced earlier this year, Austin is the program’s first U.S. hub location. The six startups in the hub’s inaugural class will work closely with Oracle’s research and development and enterprise sales teams to enable scalable growth and drive cloud-based innovation.

Oracle’s global startup program offers personalized experiences for startups, mentoring from technical and business experts, state-of-the-art technology, free Oracle Cloud credits, and access to Oracle’s more than 430,000 global customers, as well partners and investors. Unlike traditional accelerator programs, Oracle’s is driven by the R&D team and does not take equity.

“In the global marketplace, one size does not fit all, and that’s especially true for today’s startup ecosystem,” said Reggie Bradford, senior vice president, Oracle Global Startup Ecosystem. “That’s why we’ve taken a different approach – reimagining the startup-enterprise relationship and offering personalized experiences for the startups to achieve true collaboration, co-development and co-innovation.”

Selected from a competitive and diverse pool of applicants, the six startups joining the Austin-based hub include:

  • data.world is a platform for modern data teamwork. Its smart data catalog can wake up the hidden data workforce within every enterprise, unify silos, and create data-driven cultures faster. 

  • Eventador is a fully managed, enterprise-grade stream processing as a service platform that addresses a critical business problem: to alleviate the complexities and enable the building of applications that use real-time data at their core. Eventador enables developers to quickly create and painlessly manage real-time data pipelines to gain time-to-market, actionable insights and technology advantages.

  • Pilosa enables real-time retrieval of massive, fragmented datasets. Pilosa introduces the concept of splitting the index from the database by making the index a first-class citizen in the modern technology stack. Pilosa’s software can store a knowledge representation of underlying data in memory, making it orders of magnitude smaller and unimaginably fast.

  • ROIKOI built one of the first talent recommendation graphs. Companies use ROIKOI software and services to hire a more diverse set of candidates more efficiently than they could through sourcing platforms or job boards, and can find referral-quality candidates at a scale greater than traditional referral platforms.

  • Senseye is building a direct link between humans and computers. Senseye’s technology can read the brain wirelessly, providing a vast array of use cases and solutions for many key industries. They are working to enable you to use the human brain tomorrow the way a mouse and keyboard are used today.

  • Transmute is a decentralized app engine for enterprise development teams that can configure decentralized applications to work seamlessly with public and private clouds. The inevitable rise of Distributed Ledger Technology (DLT) and the resulting shift to decentralized applications will be as disruptive to enterprise IT as the transition to cloud computing. Transmute’s mission is to help customers use decentralization when and where it delivers real value, using code they’ve already written.   

“The six startups entering our inaugural Austin program are ready to scale innovative enterprise technologies, and we are looking forward to being a catalyst for their next phase of growth,” said JD Weinstein, head of the Oracle Global Startup Ecosystem in Austin. “We will work closely with each startup to create a personalized journey that enables them to tap into Oracle’s rich enterprise ecosystem, cloud solutions, global customers, and market expertise.”

The startups will work out of Oracle’s hub at Capital Factory and also benefit from Capital Factory’s network of local entrepreneurs, prominent CEOs, venture capitalists, corporate partners, and government officials.

The Oracle Global Startup Ecosystem enables startups to tailor their program experience based on their unique journey. The global program offers an immersive co-working environment, a virtual-style experience, and an approach that is a hybrid of the two. The Oracle Global Startup Ecosystem has co-working spaces in Austin, Bangalore, Bristol, Delhi, Mumbai, Paris, Sao Paolo, Singapore and Tel Aviv, and works with startups virtually in many other locations around the world.

Startup Founder Quotes
  • “We are honored to be selected into this exclusive startup program. Oracle can help us continue to innovate, scale, and improve our ability to help enterprises create data-driven cultures faster.” – Brett Hurt, CEO and Co-Founder, data.world

  • “Oracle can help accelerate our ability to scale with its vast global resources and technical and business expertise. It’s an incredibly exciting time for our company, as every day we see new real-time use cases and customers building increasingly complex line of business streaming applications.” – Kenny Gorman, Co-founder and CEO, Eventador

  • "We are incredibly excited to be given the opportunity to access Oracle’s vast global resources, technologies, and customer ecosystem. At this stage in our growth, this program is exactly what we need to help enterprises serve analytical type queries in real-time at scale." – HO Maycotte, CEO, Pilosa

  • "Oracle understands what we're working to accomplish and can provide us the resources and expertise across its cloud solutions, sales support, recruiting, and global customer ecosystem. It's an honor to be selected to this global program, and we look forward to a long-standing relationship with Oracle." – Andy Wolfe, CEO, ROIKOI

  • “Oracle can help accelerate our capabilities to scale with its leading cloud technologies and customer ecosystem. It’s an incredibly exciting time for our growth, as we continue to push the boundaries of neuroscience and technology.” – David Zakariaie CEO Senseye

  • “Being part of this global startup program will be invaluable for us. Not only will it allow us to work directly with Oracle Cloud and Oracle engineers to optimize our enterprise platform offering, but we will also benefit from Oracle’s vast global resources, customer ecosystem, and business expertise.” – Karyl Fowler, CEO, Transmute

Contact Info
Julia Allyn
Oracle Corporate Communications
+1.650.607.1338
julia.allyn@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Julia Allyn

  • +1.650.607.1338

Oracle and LinkedIn Collaborate to Improve Candidate and Employee Experience

Wed, 2018-10-10 07:00
Press Release
Oracle and LinkedIn Collaborate to Improve Candidate and Employee Experience Expanded relationship helps organizations address the challenges of today’s rapidly changing global talent marketplace

Redwood Shores, Calif.—Oct 10, 2018

Oracle and LinkedIn today announced that they are working together to help HR professionals meet the shifting demands of the talent economy. A series of new integrations between Oracle’s Human Capital Management Cloud (Oracle HCM Cloud) and Taleo Enterprise Edition, and LinkedIn, will help HR teams attract, engage and retain employees by growing their talent pool, improving the candidate experience, enhancing internal mobility and increasing career development opportunities.

“The world of work is rapidly changing, and this is creating new opportunities and challenges for talent leaders,” said Scott Roberts, Vice President of Business Development, LinkedIn. “We are excited to be working with Oracle to create better solutions to make hiring and developing talent as seamless and effective as possible.”

Technology continues to transform the global talent marketplace with the rise of automation and the shrinking shelf life of skills. To successfully manage these changes and address escalating recruitment costs and increasing employee turnover, HR teams need to swiftly evolve their strategies and technologies. The new integrations between LinkedIn and Oracle HCM Cloud and Taleo Enterprise Edition address this need by enabling HR teams to take a holistic view of their talent’s experience, skills and career aspirations in order to achieve a meaningful alignment between each employee’s job responsibilities and an organization’s overall business objectives. 

“The rapidly changing global talent market is forcing organizations across industries to rethink how they attract, engage and retain employees,” said Nagaraj Nadendla, Group Vice President, Product Development, Oracle. “Navigating these changes is one of the biggest challenges organizations face today and requires HR teams to take a holistic view of the candidate and employee experience. Working closely with LinkedIn, we are uniquely placed to help HR teams meet heightened candidate and employee expectations by combining future-proofed Oracle HCM Cloud and Taleo Enterprise platforms with one of the world’s largest talent marketplaces.”    

The new integrations between Oracle HCM Cloud and LinkedIn include:

  • Talent Profile Import: Helps organizations enhance internal talent mobility by enabling employees to choose to import key elements of their LinkedIn profiles into their Oracle HCM Cloud Talent Profile. 

  • Recommended Matches and Embedded Search: Helps organizations streamline recruitment by enabling LinkedIn Recruiter seat holders to search LinkedIn members and see those that best match a job requisition or project within Oracle Recruiting Cloud and Taleo Enterprise Edition.

  • Referral Recommendations: Improves the candidate experience by enabling candidates to apply for a job via Oracle Recruiting Cloud or Taleo Enterprise Edition and identify and contact (via InMail) their LinkedIn connections who can best refer them for that job.

  • Recruiter System Connect: Provides a seamless and efficient recruiter experience by surfacing transactional recruiting data, from both Oracle Recruiting Cloud and Taleo Enterprise Edition, as well as LinkedIn, in LinkedIn Recruiter.

  • Deeper Integration with Oracle Learning Cloud: Increases career development opportunities through access to LinkedIn Learning courses, automatic course catalog integrations, and up-to-date insight on learner engagement within Oracle Learning Cloud.

Part of Oracle Cloud Applications, Oracle HCM Cloud enables HR professionals to simplify the complex in order to meet the increasing expectations of an ever-changing workforce and business environment. By providing a complete and powerful platform that spans the entire employee life cycle, Oracle HCM Cloud helps HR professionals deliver superior employee experience, align people strategy to evolving business priorities, and cultivate a culture of continuous innovation.

Contact Info
Simon Jones
Oracle
+1.415.202.4574
s.jones@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

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Simon Jones

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Survey Highlights 5G Adoption as Catalyst for Advanced Digital Service Ecosystems

Wed, 2018-10-10 07:00
Press Release
Survey Highlights 5G Adoption as Catalyst for Advanced Digital Service Ecosystems Oracle Study Identifies Key Services Opportunities, Including Smart Cities and Connected and Autonomous Vehicles

Redwood Shores, Calif.—Oct 10, 2018

Digital services dominate the current and future strategies of telecoms and enterprise companies across industries, according to a new Oracle Communications survey. In the Digital Services: Disrupt or Be Disrupted report, Oracle found nearly all organizations surveyed (96 percent) have already implemented, or are planning to implement, digital services in the next 12 months. Almost half (45 percent) are looking to deploy digital customer engagement tools within their mobile apps and websites to further advance their digital transformation in the same timeframe.

In September 2018, Oracle surveyed 292 individuals with decision-making authority for IT and communications software in their companies. Seventy-three percent of respondents were at the President/CxO or Director/Department head level. A total of 18 industries, from 14 countries, were represented, with half of those surveyed from telecom and the other half from computer software/equipment, education, healthcare, and manufacturing.

“The digital opportunity is clearly recognized by companies across all industries,” said Doug Suriano, senior vice president, general manager, Oracle Communications. “While telecom companies have significant experience providing digital services, they face the challenge of delivering differentiated new revenue streams in an agile manner. Other industries, who in many cases are beginning to offer digital subscriptions and services enabled by physical products, also find they need more sophisticated and modern digital services monetization systems to capitalize on their digital opportunity.”

Racing to Deliver Improved Digital Experiences

5G will accelerate opportunities: When looking to the future of high-speed, real-time, sensor-enabled digital services, respondents indicated that sensor-driven services such as those for smart cities and connected and autonomous vehicles are the top two opportunities for digital service ecosystems enabled by 5G technology. The number of non-telecoms companies exploring smart cities opportunities will rise from 34 percent today to 50 percent when 5G is enabled. The connected and autonomous vehicle opportunity will rise from 29 percent today to 46 percent when 5G is enabled. This illustrates the cross-industry value for such digital service ecosystems enabled by 5G adoption.

Speed and agility are key: Ninety-one percent of respondents prioritize speed to market over a fully integrated IT environment, with 69 percent preferring a lightweight solution that can be deployed quickly over a fully featured solution that takes much longer to deploy. Speed to market is critical, with half believing that launching new digitally enabled services should take days – not weeks or months.

Not launching services reduces competitiveness and risks disruption: Almost two-thirds (65 percent) reported reduced revenue growth as the greatest concern of not launching digitally enabled services, followed by 55 percent who said they will be unable to competitively differentiate in the market. Half are concerned about loss of brand perception and relevance.

More sophisticated pricing models are essential: For companies to drive sustainable market differentiation and revenue growth, the survey indicated that more sophisticated pricing models for digital services beyond simple subscriptions will be essential. Companies recognized the importance of packaging and bundling multiple products and/or digital services to create more compelling propositions. Respondents also emphasized the importance of usage/consumption-based charging followed closely by outcome/performance-based charging for such propositions.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Brent Curry
Hill+Knowlton Strategies
+1.312.255.9131
brent.curry@hkstrategies.com
About Oracle Communications

Oracle Communications provides integrated communications and cloud solutions for Service Providers and Enterprises to accelerate their digital transformation journey in a communications-driven world from network evolution to digital business to customer experience. www.oracle.com/communications

To learn more about Oracle Communications industry solutions, visit: Oracle Communications LinkedIn, or join the conversation at Twitter @OracleComms.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Katie Barron

  • +1.202.904.1138

Brent Curry

  • +1.312.255.9131

Oracle and NVIDIA Bring the Power of the Cloud to the Next Generation of Analytics, Machine Learning and AI

Wed, 2018-10-10 05:00
Press Release
Oracle and NVIDIA Bring the Power of the Cloud to the Next Generation of Analytics, Machine Learning and AI First public cloud provider to support NVIDIA HGX-2 to give customers access to a unified data science, HPC and AI computing architecture

Munich, Germany – GPU Technology Conference—Oct 10, 2018

Oracle (NYSE:ORCL) and NVIDIA (NASDAQ: NVDA) today announced that Oracle is the first public cloud provider to support the NVIDIA HGX-2TM platform on Oracle Cloud Infrastructure, to meet the needs of the next generation of analytics, machine learning and AI. The companies are also announcing the general availability of support for GPU-accelerated deep learning and HPC containers from the NVIDIA GPU Cloud™ (NGC) container registry on Oracle Cloud Infrastructure.

From enabling autonomous vehicles to driving global climate simulations, rapid progress in AI and HPC has transformed entire industries while also demanding massive increases in complexity and compute power. HGX-2 is designed for multi-precision computing to accelerate the most demanding applications by unleashing 2 petaflops of computing power and half a terabyte (TB) of total GPU memory with 16 NVIDIA Tesla® V100 Tensor Core GPUs interconnected with NVSwitch™. Supporting HGX-2 on both Oracle Cloud Infrastructure bare-metal and virtual machine instances, Oracle and NVIDIA are helping customers solve the greatest AI and HPC challenges for the most complex workloads.

Oracle is also announcing support for RAPIDS™ open-source software introduced today by NVIDIA for executing end-to-end data science training pipelines accelerated on NVIDIA GPUs. RAPIDS is now generally available on Oracle Cloud Infrastructure via NGC. RAPIDS dramatically accelerates data science pipelines by moving workflows onto the GPU. This optimizes machine learning training with more iterations for better model accuracy. Data scientists can quickly integrate RAPIDS with hassle-free integration and minimal code changes, enabling them to significantly accelerate the Python data science toolchain. With this new offering and support for NGC containers, Oracle and NVIDIA are allowing customers to easily deploy containerized applications and frameworks for HPC, data science and AI and run them seamlessly on Oracle Cloud Infrastructure.

Oracle Cloud Infrastructure is also working with NVIDIA to support RAPIDS across its platform, including the Oracle Data Science Cloud, to further accelerate customers’ end to-end data science workflows. RAPIDS software runs seamlessly on the Oracle Cloud, allowing customers to support their HPC, AI and data science needs, all while taking advantage of the portfolio of GPU instances available on Oracle Cloud Infrastructure.

“We are very excited about this collaboration with NVIDIA. As the world of computing continues to push the boundaries of what’s possible, we are providing our customers with the software, tools and cloud infrastructure needed to solve the most complex challenges,” said Clay Magouyrk, senior vice president, software development, Oracle Cloud Infrastructure. “Whether you are an engineer, data scientist, researcher or developer, we are bringing the power of compute and cloud to your fingertips.

“This new collaboration with Oracle will help fuel incredible innovation across a wide range of industries,” said Ian Buck, vice president and general manager of Accelerated Computing at NVIDIA. “By taking advantage of NVIDIA’s latest technologies, Oracle is well positioned to meet surges in demand for GPU acceleration for deep learning, high-performance computing, data analytics and machine learning.”

Contact Info
Danielle Tarp
Oracle
+1.650.506.2905
danielle.tarp@oracle.com
Kristin Bryson
NVIDIA
+1.203.241.9190
kbryson@nvidia.com
About Oracle Cloud Infrastructure

Oracle Cloud Infrastructure is the enterprise Infrastructure as a Service (IaaS) platform. Companies of all sizes rely on Oracle Cloud to run enterprise and cloud native applications with mission-critical performance and core-to-edge security. By running both traditional and new workloads on a comprehensive cloud that includes compute, storage, networking, database, and containers, Oracle Cloud Infrastructure dramatically increases operational efficiency and lowers total cost of ownership. For more information, visit https://cloud.oracle.com/iaas

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About NVIDIA

NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI—the next era of computing—with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

Certain statements in this press release including, but not limited to, statements as to: the benefits and impact of Oracle supporting the NVIDIA HGX-2 platform on Oracle Cloud Infrastructure and supporting RAPIDS; and the benefits, impact, and features of HGX-2 and RAPIDS software are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission, or SEC, including its Form 10-Q for the fiscal period ended July 29, 2018. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

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Danielle Tarp

  • +1.650.506.2905

Kristin Bryson

  • +1.203.241.9190

Al Nahdi Leverages Oracle Retail Science Cloud Services to Identify Revenue Opportunities and Reward Customer Loyalty

Tue, 2018-10-09 07:00
Press Release
Al Nahdi Leverages Oracle Retail Science Cloud Services to Identify Revenue Opportunities and Reward Customer Loyalty Artificial Intelligence and Machine Learning Power New Business Model That Correlates Customer Engagement and Efficacy of Marketing Campaigns

Redwood Shores, Calif.—Oct 9, 2018

Saudi Arabian pharmacy retailer Nahdi Medical Company has started utilizing the new marketing analytic models found on the Innovation Workbench, part of Oracle Retail Science Cloud Services, to develop customer churn analytics which will encourage repeat purchases.  With 85 million annual customers across stores in 125 cities, understanding customer churn and identifying revenue opportunities became more complex as Nahdi scaled operations. Al Nahdi has started creating a new business model incorporating artificial intelligence and machine learning to correlate customer engagement with marketing campaigns to identify low-churn customers and reward loyalty. The scale of the cloud-based Oracle Retail Science Platform, the flexibility of the Innovation Workbench and the power of artificial intelligence and machine learning allow Al Nahdi to posture for more strategic analysis of consumer behavior while minimizing manual queries as they continue to grow.

With this new model, Nahdi can better understand campaign effectiveness and its impact on driving store traffic, increasing market basket size and encouraging customer loyalty. Nahdi can measure the likelihood of churn that helps define long-term retention initiative and campaigns.  When using predictive churn probability, the business can flag customers for upcoming email campaigns and define targeted offers strategically within promotional campaigns. A common cloud-based retail science platform has significantly increased the speed to operationalizing innovation using a comprehensive retail data model in conjunction with productized sciences and Oracle’s industry-leading data science toolkit. These accelerators empowered the Nahdi team to focus on strategic initiatives that directly drive business growth, rather than spending cycles on technology, integration and data analysis. Nahdi has already implemented Advanced Clustering, Customer Segmentation, Customer Decision Trees and Demand Transferences to optimize the performance and processes with Oracle Retail Category Management. 

With Oracle Retail as a partner, Nahdi has all the tools necessary to focus on increasing value to their business through data science instead of building new solutions, algorithms, databases, and integrations.

“The Oracle Retail Innovation Workbench will allow us to leverage the latest artificial intelligence and machine learning to build our own predictive and cognitive analytics," said Dr. Khalid Tadlaoui, Vice President of Information Technology, Nahdi Medical Company.

“By taking the innovative Predictive models provided by Oracle Retail Science Cloud Service and couple them with our Analytics intellectual property, we’ll be able to understand and predict our guests’ behavior which will give us the opportunities to serve them better," said Dr. Ayman Abdalazem, Head of Business Intelligence and Analytics, Nahdi Medical Company.

Selecting a cloud platform for data science has enabled us to quickly implement the solution while minimizing technical debt and accelerating the value we extract for Nahdi Medical Company.

“Organizations are quickly understanding the value of the cloud to analyze consumer behavior as they wrestle with the complexity of their continued growth," said Mike Webster, senior vice president, and general manager, Oracle Retail. "Oracle Retail Science Cloud Services allow retailers to leverage AI, machine learning and decision science to detect trends, learn from results and increase their accuracy, adding contextual data to paint a clearer picture on what motivates consumers. Retailers can focus on increasing value to their business through data science instead of building new solutions, algorithms, databases, and integrations. Moreover, with a cloud delivery model, Al Nahdi can focus on driving a more strategic business while leveraging the latest industry innovations delivered by Oracle.”

Join Oracle Retail at ORIF Dubai Tuesday October 16

At Oracle Retail Industry Forum, retail executives gather to share deep domain expertise and best practices on the mission-critical applications that are core to their businesses and their success. Program content is focused on customers providing perspectives on identifying and overcoming complex industry challenges. Join us in Dubai on 16 October 2018. Registration is limited to retailers and our sponsor community.

Contact Info
Matt Torres
Oracle
1.415.595.1584
matt.torres@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Matt Torres

  • 1.415.595.1584

Oracle’s AI-driven Risk Management Makes Corporate Finances More Secure

Thu, 2018-10-04 11:00
Press Release
Oracle’s AI-driven Risk Management Makes Corporate Finances More Secure Advanced Access Controls parlay AI to help finance teams bolster security and risk analysis

Redwood Shores, Calif.—Oct 4, 2018

To help protect customers from ever-increasing fraud and security threats, Oracle today unveiled the enterprise software industry’s first AI—driven security and risk management solution. Designed specifically for Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Risk Management Cloud’s new Advanced Access Controls enable organizations to continuously monitor for segregation of duties (SOD), financial compliance (SOX), privacy risks, proprietary information and payment risks.

The new controls embed self-learning, artificial intelligence (AI) techniques to constantly examine all users, roles and privileges against a library of active security rules. The offering includes more than 100 best practices (configurable rules) across general ledger, payables, receivables and fixed assets.

“As the pace of business accelerates, organizations can no longer rely on time-consuming manual processes, which leave them vulnerable to fraud and human error,” said Laeeq Ahmed, managing director at KPMG. “With adaptive capabilities and AI, products such as Oracle Risk Management Cloud can help organizations manage access controls and monitor activity at scale to protect valuable data and reduce exposure to risk.”

Key benefits of AI-driven Security & Risk Management include:

  • Continuous protection: Constant monitoring of user and application activity

  • Instant best practices: More than 100 proven ERP security rules

  • Self-learning: Embedded AI and self-learning for precise results

  • Augmented incident response: Ensures that issues are directed to analysts for tracking, investigation and closure

“On-going disruption in the marketplace and regulatory landscape presents continually evolving operational and financial risks,” said Bill Behen, principal at Grant Thornton. “Oracle’s unique approach to risk management and expertise applying AI technology enables organizations to securely move to the cloud and continuously protect their business from a host of external and internal threats.”

The pre-packaged audit-approved security rules automate access analysis during the role design phase to significantly accelerate ERP implementations. In addition, the intuitive workbench, visualization and simulation features within Advanced Access Controls make it easy to add new rules and further optimize user access. Once live, the solution continuously monitors and automatically routes incidents to security analysts.

To help customers analyze complex, recursive and dynamic security data across all users, roles and privileges, Advanced Access Controls uses graph-based analysis and self-learning algorithms. This enables organizations to accurately and reliably review and visualize the entire path by which any user is able to access and execute sensitive functions.

“Advanced Access Controls automate the time-consuming analysis needed to protect business data from insider threats, fraud, misuse and human error,” said Sid Sinha, vice president of Risk Management Cloud Product Strategy, at Oracle. “This service is part of an integrated, practical solution to effectively protect information in business applications using the latest data analysis and exception management techniques.”

For more information on Oracle Advanced Access Controls and Oracle Risk Management Cloud, go to cloud.oracle.com/risk-management-cloud.

To learn more about Risk Management Cloud at Oracle OpenWorld, please visit the sessions catalog.

Contact Info
Bill Rundle
Oracle PR
+1 650 506 1891
bill.rundle@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Bill Rundle

  • +1 650 506 1891

Local Governments to Modernize Community Development with Oracle Cloud

Thu, 2018-10-04 07:00
Press Release
Local Governments to Modernize Community Development with Oracle Cloud New Public Sector Community Development solution reduces permitting and licensing complexity to drive economic development

Redwood Shores, Calif.—Oct 4, 2018

Oracle has launched Oracle Public Sector Community Development, enabling local governments to improve quality-of-life for their constituents with faster, more efficient land management. A modern cloud-native application for state and local government agencies, the offering transforms cumbersome permitting and licensing into an end-to-end solution for reliable execution of building regulatory processes that can foster economic growth, while helping deliver public safety and accountability.

The new SaaS (Software-as-a-Service) application leverages Oracle’s scalable and secure cloud computing capabilities, advanced analytics and platform development services. The combination of market-leading, emerging technologies such as chatbots and artificial intelligence (AI), and pre-built, easy-to-configure applications, designed specifically for government agencies, modernizes how local government deliver services and results for their citizens and jurisdictions.

“Today’s digitally-savvy citizens and business owners expect to interact with their local government in the same way they do so with commercial companies offering multichannel, always available, 24/7 access to goods and services,” said Mark Johnson, senior vice president, Oracle Public Sector. “The Oracle Public Sector Community Development solution helps make this possible for state and local governments.”

Drive Economic Development While Helping Provide Compliance

Oracle Public Sector Community Development is a fully-configurable, built-for-purpose cloud solution for state and local government that:

  • Modernizes the compliance and regulatory process for land-use and building infrastructure, focusing first on building permits and inspections.

  • Accommodates diverse permit types and associated workflows that are easily configurable and extensible to each agency’s unique needs through built-in process automation tools from Oracle Integration Cloud, designed for use by departmental staff—not constrained IT personnel.

  • Allows frictionless interactions between the public and local government with an intuitive, role-based user experience on any device, enhanced with guided interactions and natural voice interactions.

  • Increases strategic insight and enables better decision making through contextually relevant data visualization, leveraging Oracle’s business intelligence and analytics.

  • Provides deeper permit understanding and greater processing efficiency through integration with Esri’s ArcGIS developer API. Esri is an established provider of location intelligence.

  • Empowers inspectors to ensure public safety and accountability with a mobile application, enforcing code compliance quickly and easily while accelerating occupancy rates.

Lower Costs and Innovate Faster

Oracle Public Sector Community Development is offered as a subscription cloud service. This eliminates the need for capital expenditures, enabling government to innovate faster, and lowers the total cost of ownership since cloud services are rapid to deploy and easy to maintain. “As-a-service” solutions lower the demand on IT staff, scale with the growth of a city or county, and allow government agencies to continuously receive new functionality.

“Governments face technology demands from two directions,” wrote Gartner in a recent report1. “The first is from employees, with consumer technology and employee expectations having surpassed enterprise technology and government workplace experiences. The second is from the pace of technology generally, where expectations of citizens and commercial services have outstripped governments’ ability to keep pace.”

Leveraging its unique scale and extensive investments in research and development, Oracle will continue to rapidly deliver new capabilities to market. Oracle’s roadmap includes expanding its Community Development offerings to include planning and zoning and code enforcement functionality and delivering new applications that address additional regulatory challenges at the local and state level, including business and professional licenses.

By employing open standards and building on the common technology foundation of Oracle’s robust cloud applications for finance, citizen services, procurement, and human capital management, governments can streamline operations and deploy integrated, extensible, end to end cross-agency processes that facilitate a holistic digital platform effort.

Today, thousands of public sector customers use Oracle’s digital solutions to transform how their constituents engage with government. Across the nation, cities and states have harnessed the power of cloud, IoT and analytics and big data to predict and prepare for a better future for all citizens. Read their stories here.  

For more information, go to www.oracle.com/communitydevelopment.

1 Source, Gartner, Inc., A Master CIO in Government, Rick Holgate, Alia Mendonsa, and Alvaro Mello, February 23, 2018.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Katie Barron

  • +1.202.904.1138

Oracle Rolls Out Autonomous NoSQL Database Service

Tue, 2018-10-02 07:00
Press Release
Oracle Rolls Out Autonomous NoSQL Database Service Oracle’s self-driving NoSQL database empowers developers to easily build modern applications with high availability and lower cost than Amazon DynamoDB

Redwood Shores, Calif.—Oct 2, 2018

Oracle today announced the availability of Oracle Autonomous NoSQL Database, the newest addition to the Oracle Autonomous Database portfolio. Designed for workloads needing fast and predictable responses to simple operations, the self-driving database service enables developers to easily deploy massive-scale applications, including UI personalization, shopping carts, online fraud detection, gaming, and advertising. Using innovative machine learning and automation capabilities, Oracle Autonomous NoSQL Database delivers a significantly more reliable NoSQL database with 99.95 percent availability and is up to 70 percent lower cost than Amazon DynamoDB1.

The fully managed Oracle Autonomous NoSQL Database handles NoSQL applications that require low latency, data model flexibility, and elastic scaling. Using simple APIs, developers can focus on application development without having to worry about managing servers, storage expansion, cluster deployments, software installation, or backup. Developers can simply specify the throughput and capacity that they wish to provision, and resources are allocated and scaled accordingly to meet dynamic workload requirements.

“We continue to leverage our revolutionary autonomous capabilities to transform the database market," said Andrew Mendelsohn, executive vice president, Oracle Database. "Our latest self-driving database cloud service, Oracle Autonomous NoSQL Database, provides extreme reliability and performance at very low costs to achieve a highly flexible application development framework.”

Oracle Autonomous Database offers exceptional performance while helping reduce risk and costs for enterprises. Running on Oracle Cloud Infrastructure, the autonomous database portfolio is self-driving, self-securing, and self-repairing to automate key management processes including patching, tuning and upgrading to keep critical infrastructure automatically running. Oracle Autonomous NoSQL joins Oracle Autonomous Transaction Processing and Oracle Autonomous Data Warehouse, which became available earlier this year. Each database cloud service is tuned to a specific workload.

Oracle Autonomous NoSQL Database provides a wealth of features to meet the needs of today’s developers:

  • Modern: A developer-oriented solution, Oracle Autonomous NoSQL Database is designed for flexibility. The database supports key value APIs including simple declarative SQL API and command line interfaces along with flexible data models for data representation including relational and ad-hoc JSON.

  • Open: The service provides a non-proprietary SQL language, delivering innovative interoperability between standard relational and standard JSON data models. Users also have deployment options to run the same application in the cloud or on-premises with no platform lock-in.

  • Easy: With an available SDK and support for popular languages including Python, Node.JS and Java, Oracle offers a no hassle application development solution to easily connect to Oracle Autonomous NoSQL Database.

1 Cost reference is for read-only workloads.

Contact Info
Dan Muñoz
Oracle
+1.650.506.2904
dan.munoz@oracle.com
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Dan Muñoz

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Nicole Maloney

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Oracle Food and Beverage Enables Continued Innovation with Omnivore Integration

Mon, 2018-10-01 07:00
Press Release
Oracle Food and Beverage Enables Continued Innovation with Omnivore Integration Easy Integrations Allow Restaurant Operators to Extend Value of Point-of-Sale Investment with Third Party Solutions

Redwood Shores, Calif.—Oct 1, 2018

Oracle Food and Beverage has collaborated with Omnivore, a universal point of sale (POS) connection for restaurant app development and a Gold level member of Oracle PartnerNetwork (OPN), to encourage restaurant operators to develop differentiated customer experiences and further streamline operations with their Oracle Food and Beverage investment. With this Omnivore connection, restaurant operators can easily take advantage of an ecosystem of third party solutions through a single point of integration into the Oracle Food and Beverage Simphony restaurant management platform.   

“Guests are demanding engaging and personalized experiences from dining establishments and we believe continuous implementation of technology is essential to helping restaurant operators keep pace,” said Chris Adams, vice president of strategy, Oracle Food and Beverage. “Through our collaboration with Omnivore, Oracle Food and Beverage is accelerating innovation in the restaurant community by making it easier than ever for operators to take advantage of the latest third party solutions.”

Omnivore connects restaurant point of sale to over 150 restaurant technologies, aligning brands with consumer, staff and support center needs in order to grow transactions while minimizing expenses.

"Together, Omnivore and Oracle Food and Beverage bring merchants a true open, best-of-breed POS technology platform, giving restaurants access to the best available technologies to meet even the most creative brands' digital needs," said Mike Wior, CEO, Omnivore.  “We’re proud to help Oracle customers navigate innovative third party solutions within a rapidly evolving digital landscape.”

Together Oracle and Omnivore are enabling operators to create a unique technology footprint that will enable restaurants to establish a competitive differentiation that reflects their guest experience. By creating a single source of integration into Oracle Food and Beverage restaurant management software and POS hardware, operators can leverage Omnivore to further streamline operations and quickly deploy new technologies faster than ever.

Contact Info
Matt Torres
Oracle
415.595.1584
matt.torres@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Food and Beverage

Oracle Food and Beverage, formerly MICROS, brings 40 years of experience in providing software and hardware solutions to restaurants, bars, pubs, clubs, coffee shops, cafes, stadiums, and theme parks. Thousands of operators, both large and small, around the world are using Oracle technology to deliver exceptional guest experiences, maximize sales, and reduce running costs.

For more information about Oracle Food and Beverage, please visit www.Oracle.com/Food-Beverage

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

About Omnivore

Revolutionizing the worlds of hospitality and retail, Omnivore connects a retailer’s point-of-sale (POS) with new technologies, driving engagement through the full lifecycle of the consumer experience. Omnivore’s cloud-based platform enables a single integration through their API, seamlessly facilitating the connections to POS systems now and into the future. The platform helps restaurants discover apps for payment, reservations, delivery, loyalty, analytics and more to connect with millions of consumers around the world. Omnivore enables access to real-time, quality consumer level point of purchase intelligence. Located in the San Francisco Bay area, Omnivore is a privately held company. Visit omnivore.io.

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Matt Torres

  • 415.595.1584

Oracle Will Seek Affirmation of Cost Award in the United States Supreme Court

Thu, 2018-09-27 10:32
Press Release
Oracle Will Seek Affirmation of Cost Award in the United States Supreme Court

Redwood Shores, Calif.—Sep 27, 2018

Today’s United States Supreme Court grant of certiorari in the Rimini Street case is limited to a narrow issue regarding an award of more than $12 million in litigation costs that Rimini Street was ordered to pay to Oracle. This award came after a jury found that Rimini Street infringed 93 Oracle copyrights, and this costs appeal has zero impact on the resolved issue that Rimini Street infringed 93 copyrights and the jury award of compensatory damages.

In 2016, the trial court found that Oracle was entitled to an award of attorneys’ fees and costs “because of Rimini’s repeated instances of copyright infringement and its significant litigation misconduct.” While the Supreme Court will take up this narrow costs issue as a matter of law, the underlying conduct is not in question.

“We look forward to addressing this costs issue in our nation’s highest court, and we believe that the Court should reject the attempt by Rimini Street—a dishonest, serial infringer—to avoid fully compensating Oracle for Rimini’s misconduct,” said Dorian Daley, Oracle’s Executive Vice President and General Counsel.

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1 212.508.7935
deborah.hellinger@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Deborah Hellinger

  • +1 212.508.7935

Cleveland Clinic and Oracle Shape the Future of Healthcare

Thu, 2018-09-27 07:00
Press Release
Cleveland Clinic and Oracle Shape the Future of Healthcare Cloud-based software platform advances critical business systems and streamlines operational processes

Cleveland, OH and Redwood Shores, Calif—Sep 27, 2018

Cleveland Clinic and Oracle are improving healthcare delivery and reducing costs through a more efficient process and workflow. The cloud-based healthcare platform is expected to roll out at Cleveland Clinic London in 2019 and expand to Cleveland Clinic’s domestic locations in 2020.

The innovative healthcare platform benefits back-office personnel, providers and patients. It is scalable for domestic and international growth providing enhanced financial forecasting, revenue management and data integration, which allows for more effective and efficient decisions regarding supply procurement and inventory management.

“Cleveland Clinic has both an opportunity and an obligation to shape the future of healthcare while fostering a culture and environment to provide care in an exceptional way,” said William M. Peacock III, Cleveland Clinic Chief of Operations. “Our work with Oracle’s cloud technologies is a testament to our commitment to evolving our IT and finance platform, positioning us to support anticipated growth both domestically and internationally. Moving to the cloud will be critical in meeting these goals.”

Healthcare is a key industry for Oracle and with Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Supply Chain Management (SCM) Cloud, Cleveland Clinic aims to transform its finance function by enabling increased productivity and lower costs. In addition, the health system will increase the efficiency of operations by taking advantage of real-time insights and automated supply and demand planning.

 

“Our customers play an important role in shaping our products, inspiring innovative features and defining industry-specific best practices for Oracle Cloud Applications,” said Steve Miranda, executive vice president, Applications Development, Oracle. “Cleveland Clinic is an innovative healthcare organization that recognizes the potential of the cloud to enhance productivity. Our collaboration will create a future-proof business platform for Cleveland Clinic’s global organization.”

Contact Info
Hope Buggey
Cleveland Clinic
216.444.8853
buggeyh@ccf.org
Bill Rundle
Oracle
415.990.3348
bill.rundle@oracle.com
About Cleveland Clinic

Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. Among Cleveland Clinic’s 52,000 employees are more than 3,600 full-time salaried physicians and researchers and 14,000 nurses, representing 140 medical specialties and subspecialties. Cleveland Clinic’s health system includes a 165-acre main campus near downtown Cleveland, 11 regional hospitals, more than 150 northern Ohio outpatient locations – including 18 full-service family health centers and three health and wellness centers – and locations in Weston, Fla.; Las Vegas, Nev.; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2017, there were 7.6 million outpatient visits, 229,000 hospital admissions and 207,000 surgical cases throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.

Editor’s Note: Cleveland Clinic News Service is available to provide broadcast-quality interviews and B-roll upon request.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Hope Buggey

  • 216.444.8853

Bill Rundle

  • 415.990.3348

Global Consumer Research: Brands Must Earn the Right to Remember Customer Data

Wed, 2018-09-26 07:00
Press Release
Global Consumer Research: Brands Must Earn the Right to Remember Customer Data New Topography of Retail Study Asks 15,500 Consumers About Views on Privacy and Personalization, Supply Chain Visibility and Readiness for Facial Recognition, Virtual Sales Assistants and Drone Delivery in Retail

Oracle Retail Industry Forum - Budapest, Hungary —Sep 26, 2018

Despite global awareness of new privacy regulations like GDPR (52 percent) and their desire to exercise data protection rights (86 percent), a majority of consumers value personalized offers in their shopping experience (56 percent) according to a new global consumer study by Oracle Retail. The research signals that retailers have a new responsibility to earn the right to remember customer data by delivering more meaningful brand interactions and rewarding experiences. Retailers are wrestling with this new responsibility as consumers push for more visibility into the service and supply chain and emerging markets seem poised to adopt innovative retail technologies that depend on customer data.

In addition to identifying a desire for more personalized interactions, the New Topography of Retail study also found consumers in North America (87 percent) would request brands remove their personal information if given the option. This trend extends globally with 45 percent of consumers in North America and 34 percent of Europeans noting they would remove their data from all brands they engage with if given the option. Comparably, 90 percent of consumers in LATAM would exercise the right to select which brands have access to their data, as would 91 percent in the Middle East and India and APAC respectively.

“As consumers question the benefit of sharing their information, research shows they want to receive offers that are both relevant and personalized while maintaining a level of anonymity. Retailers have the opportunity to deliver personalized incentives, converting an emotional response towards privacy into a meaningful interaction,” said Mike Webster, senior vice president and general manager, Oracle Retail. “As retailers address data privacy issues head-on, brands who reinvent their approach to consumer engagement, look towards attracting the right customers and recognize that capturing shoppers at the point of intent will drive increased engagement and retention.

”The New Topography of Retail research was conducted in 2018 with over 15,500 consumers across five key regions: Europe (France, Germany, Italy, Spain, Sweden and UK), North America (Canada and USA), LATAM (Brazil, Chile and Mexico), Middle East (Saudi Arabia and UAE) & India and APAC (Australia and China).

Navigating Privacy and Personalization

Although consumers are demonstrating fatigue around sharing personal data, they do continue to want personalized offers and incentives that are dependent on insights from prior brand engagements. Consumers do not feel that brands are successfully recognizing them, as only 16 percent of European consumers agreed that the offers they receive from retailers are always personalized or always relevant. Similarly, only 22 percent of consumers agreed globally. However, 47 percent of global consumers indicated that it would be awesome to receive real-time offers based on what they’ve been browsing online. They also recognize the nuance in offers, with 75 percent of consumers believing that personalized offers from retailers are different to relevant offers.

Emerging Markets Embrace Retail Innovation

Across the board, consumers in emerging markets (57 percent of respondents across Brazil, Chile, China, India and the Middle East) think in-store facial recognition, virtual sale assistants in fitting rooms, kiosks where you can upload an image of an item and get recommendations, and automatic replenishment based on subscription preferences are important compared to only 28 percent of consumers in Europe, Australia and North America.

Trends across emerging markets include:

  • LATAM: Forty-two percent of consumers think that virtual sales assistants in the fitting room are important to their retail experience compared to 45 percent of consumers in emerging markets and 20 percent of consumers in developed markets.

  • Middle East: Consumers recognize the opportunity of facial recognition in their shopping experience: 59 percent believe using the technology to instantly recognize a loyalty member or be used as purchase security (57 percent) is important. Emerging markets also love the idea of being recognized with facial recognition technology to ensure purchase security (61 percent) while only 26 percent of consumers in developed markets share this enthusiasm.

  • India: Sixty-one percent of consumers noted that they love the idea of deliveries by drone or driverless car - nearly double the statistic for consumers in developed markets (32 percent).

  • APAC: Chinese consumers (57 percent) note that they view kiosks where you can upload an image of an item and get recommendations on similar items as important, more than double their peers in Australia (26 percent).

Across emerging markets consumers (64 percent) identified that they loved the idea of using virtual reality to navigate a personalized in-store experience with only 33 percent of consumers in developed markets agreeing on the potential of VR.

Consumers Demand Visibility into Service and Supply Chain

Consumers are demanding greater transparency into retailer operations, service history and supply chains. Over half (52 percent) of consumers state that a key influence on loyalty is knowing that retailers are acting sustainable. This is especially true for grocery (56 percent) and fashion (52 percent) shoppers that state knowing that retailers are acting sustainably and limiting their impact on the environment would influence their loyalty.

Consumers (54 percent) also expect to have visibility into store inventory and be able to research and reserve items for same day pick up in-store. If items are being delivered to their homes, a massive 72 percent of customers expect real-time updates on the location of an item throughout the delivery process.

The New Topography of Retail also identified a new global expectation of service staff to be armed with more information than ever before. A majority of consumers (74 percent globally and in North America respectively) think knowledgeable in store staff are important to their brand experience. Consumers (58 percent globally and in North America respectively) also expect retailers to always know the reason for their returns. North American consumers have even greater expectations of retailers: 60 percent expect customer service teams to know the date of their original purchase and 57 percent expect teams to know the method of payment.

    • To download the full report click here.

    • View extended comments from Mike Webster, senior vice president and general manager, Oracle Retail, on The New Topography of Retail.
Contact Info
Matt Torres
Oracle
415-595-1584
matt.torres@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com

About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Matt Torres

  • 415-595-1584

Oracle Boosts Software Development Productivity with New Java Release

Tue, 2018-09-25 12:00
Press Release
Oracle Boosts Software Development Productivity with New Java Release JDK 11 first Long Term Support release under new six-month cadence

Redwood Shores, Calif.—Sep 25, 2018

Continuing its commitment to deliver a regular cadence of Java innovations and updates to the community, Oracle today announced the general availability of Java SE 11 (JDK11). JDK 11 brings a number of new developer productivity enhancements as well as support for modern cryptographic and Internet standards, including TLS 1.3 and HTTP/2.

The first Long Term Support (LTS) update under Oracle’s six-month release schedule announced last year, JDK 11 is the result of extensive collaboration between Oracle engineers and members of the worldwide Java developer community via the OpenJDK Community and the JCP. Since the release of Java SE 8, the community has collaborated on more than 100 new enhancements that were added through JDK 9, 10, and 11.

“TLS 1.3 was recently approved and it's fantastic news that Java SE 11 will support it right away,” said Jim Manico, co-author of Iron Clad Java and founder of Manicode Security. “The new Java release cycle for Java SE means that important security protocols and other standards such as TLS 1.3 can be released and adopted rapidly, giving application developers more tools to write secure software with the world’s most popular language - Java!”

Customers can now migrate from Java SE 8 to Java SE 11 at the pace that best meets their unique business needs, backed by Oracle’s Long Term Support. Oracle will offer its customers security and bug-fixing updates for JDK 11 through 2026, with the next LTS release scheduled for September 2021.

“Thanks to continuous improvements by Oracle and the Java Community, the JVM remains the best platform for building applications,” said Rafael Winterhalter, from Scienta Norway and creator of the popular Byte Buddy code generation and manipulation library for Java. “The Java SE 11 release gives me confidence as we see the benefits of the module system taking hold, making Java applications more encapsulated and transparent. This is crucial in times where applications become increasingly complex and rely on growing numbers of dependencies. Newer features being explored like 'nestmates' provide great promise of improved startup and compilation performance going forward”.

Key features in Java 11 include:

  • Nest-based access controls: eliminates the need for compilers to insert accessibility-broadening bridge methods.

  • Dynamic class-file constants: reduces the cost and disruption of creating new forms of materializable class-file constants and offers broader options for expressivity and performance.

  • ZGC: a completely passive GC implementation with a bounded allocation limit and the lowest latency overhead possible.

  • Flight Recorder: low overhead data collection framework for troubleshooting Java applications and the HotSpot JVM.

“The LTS model releases enable our customers to migrate from one well-supported Java SE LTS release to the next at their own pace, while at the same time allowing the Java developer ecosystem to get access to improvements faster than before,” said Georges Saab, Vice President, Software Development, Java Platform Group at Oracle. “Together with the introduction of Oracle Java SE Subscription, customers now have an easy way to benefit from access to regular releases of tested and certified performance, stability, and security updates, directly from Oracle.”

Java SE Subscription is Oracle’s low-cost and predictable offering to manage Oracle Java SE installations across enterprises. To learn more about JDK 11, visit the Java PM blog and see the full list of features here. 

To see these innovations in action, join Oracle Code One, Oracle’s inaugural full-stack developer conference, October 22-25, 2018 in San Francisco. Register at: https://www.oracle.com/code-one

Java is the world’s most popular programming language, with over 12 million developers running Java. Java is also the #1 developer choice for cloud, with over 21 billion cloud-connected Java virtual machines.

Contact Info
Alex Shapiro
Oracle
+1.415.608.5044
alex.shapiro@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Alex Shapiro

  • +1.415.608.5044

NetSuite Launches Banking as a Service to Help Customers Tackle New Era of Banking

Tue, 2018-09-25 11:15
Press Release
NetSuite Launches Banking as a Service to Help Customers Tackle New Era of Banking Unique cloud-based approach enables NetSuite customers to benefit from direct access to financial services to increase operational efficiency and cost savings

San Mateo, Calif.—Sep 25, 2018

To help NetSuite customers further streamline financial services operations, Oracle NetSuite today announced NetSuite Banking as a Service. A unique open banking approach, NetSuite Banking as a Service enhances services delivered through its platform to its customer base while also allowing banks to strengthen bank-to-customer relationships, create new business models and revenue streams.

With innovative fintech providers reshaping the financial services industry, the relationship between businesses and banks needs to evolve, and NetSuite’s Banking as a Service will enable this change. In fact, according to Forrester Research’s 2018 banking technology predictions, “More than 50% of banks will fail to exploit open banking, starting down the slow, painful path to becoming an unintentional utility.” To be successful in this new digital reality, banks must turn to open banking solutions to differentiate their services and make banking as easy as possible for customers.

NetSuite leads the cloud financials / enterprise resource planning (ERP) industry by extending existing ERP solutions to integrate bank processes. NetSuite customers will benefit from direct access to financial services such as embedded payments, reconciliation and lending delivered as an extension of their ERP. This will help increase operational efficiency and improve workflows, driving down cost and creating peace of mind for NetSuite customers.

“For decades, business owners have been frustrated by the need to use disparate point solutions to run their businesses,” said Jason Maynard, senior vice president of strategy and marketing, Oracle NetSuite Global Business Unit. “NetSuite Banking as a Service helps solve this challenge by enabling our customers to benefit from direct access to financial services, allowing them to streamline operations and experience significant cost savings.”

Services from cash forecasting, to trade finance, instant business loans and credit lines, NetSuite Banking as a Service will also allow banks to leverage their assets to offer these features as part of their own services to meet growing customer expectations.

For additional information on NetSuite Banking as a Service, please contact BaaS@netsuite.com.

  • “One of the most exciting categories in the financial services market is banking as a service. This uber category creates big opportunities across the infrastructure, platform, and fin tech app level,” said Ray Wang, principal analyst and founder, Constellation Research, Inc.

    “Providing our clients the ability to seamlessly connect to J.P. Morgan is part of our overall transaction banking strategy,” said Jason Tiede, Head of Innovation, J.P. Morgan Treasury Services. “We are excited to offer connectivity to NetSuite’s ERP system which will facilitate a better, more efficient experience for our clients.”

    "The Banking as a Service helps banks regain control over the customer experience, increase revenue opportunities by connecting efficiently with their corporate clients and getting access to new customers and real-time trade data," said Rob Barnes, CEO of TradeIX. "On the other side, customers using Oracle NetSuite have a single access channel to connect to existing and new financial institutions, thus widening the range of funding opportunities."

Contact Info
Danielle Tarp
Oracle Corporation
+1 650.506.2905
danielle.tarp@oracle.com
About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 40,000 organizations and subsidiaries in 199 countries and territories.

For more information, please visit http://www.netsuite.com.

Follow NetSuite’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Danielle Tarp

  • +1 650.506.2905

Oracle Lauded for Predictive Analytics, Machine Learning Solution

Tue, 2018-09-25 08:00
Press Release
Oracle Lauded for Predictive Analytics, Machine Learning Solution Oracle Autonomous Data Science Cloud Service recognized as a leader in notebook-based predictive analytics and machine learning by independent report

Redwood Shores, Calif.—Sep 25, 2018

Oracle has been named a leader in notebook-based Predictive Analytics and Machine Learning (PAML) solutions by Forrester Research, earning the highest average current offering score as well as the highest possible score for its solution roadmap. The Forrester Wave™: Notebook-Based Predictive Analytics and Machine Learning Solutions, Q3 2018 report recognizes that Oracle Autonomous Data Science Cloud Service “provides the standardization and controls that enterprises need” and “makes it easy to put models into production by offering visual tools to create APIs with automatic load balancing.”

According to Forrester, PAML solutions are defined as “Software that provides enterprise data scientist teams and stakeholders with 1) tools to analyze data; 2) workbench tools to build predictive models using statistical and machine learning algorithms; 3) a platform to train, deploy, and manage analytical results and models; and 4) collaboration tools for extended enterprise teams including businesspeople, data engineers, application developers, DevOps, and AI engineers.” Forrester evaluated the strengths and weaknesses of the top notebook-based PAML vendors across 24 evaluation criteria, which were grouped into three categories: current offering, strategy and market presence. Of the nine vendors Forrester evaluated, Oracle was one of the two companies recognized as a leader.

“With Oracle Autonomous Data Science Cloud Service, Oracle has a winning solution for our customers to build and deploy artificial intelligence and machine learning models on the Oracle Cloud," said Greg Pavlik, Senior Vice President and Chief Technology Officer, Oracle Cloud Platform. “I believe that being recognized by Forrester as a leader in this space is not only a recognition of our offering, but of our vision for a comprehensive and integrated suite of products and services for developing AI-driven applications. It takes a team to develop AI efficiently, and Oracle offers industry leading solutions for every stage in the AI development lifecycle, whether it be data management, data science, or application development.”

According to the report, “With its recent acquisition of DataScience.com, Oracle has added a critical missing component to its portfolio of machine learning solutions in the cloud.” Adding that, “By combining one of the most promising startups in the notebook-based PAML space with its own related offerings for infrastructure, data management, third-party data sources, BI, and a suite of business applications, Oracle is instantly a force to be reckoned with in the PAML market.”

Oracle Autonomous Data Science Cloud Service enables data science and application development teams to easily build, train, deploy, and manage models on the Oracle Cloud. The platform makes data science and application development teams more productive and enables them to deploy more work faster to power their organizations with machine learning.

To learn more about Oracle Autonomous Data Science Cloud Service, please visit https://cloud.oracle.com/ai-platform.

Contact Info
Alex Shapiro
Oracle
415-608-5044
alex.shapiro@oracle.com
Quentin Nolibois
Burson Cohn & Wolfe
+1.415.591.4097
quentin.nolibois@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Alex Shapiro

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Quentin Nolibois

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Oracle Eloqua Innovations Accelerate Lead Generation and Increase Conversion Rates

Tue, 2018-09-25 07:00
Press Release
Oracle Eloqua Innovations Accelerate Lead Generation and Increase Conversion Rates New content creation, sales tools and auditing capabilities help marketers increase efficiency and creativity

Redwood Shores, Calif. —Sep 25, 2018

To help marketers accelerate lead generation and increase conversion rates, Oracle today announced a series of updates to Oracle Eloqua. The latest innovations within Oracle Eloqua help marketers communicate with their prospects and customers as efficiently and easily as possible by introducing new content creation, sales tools and auditing capabilities.

“In order to drive sales and strengthen brand and customer loyalty, B2B marketers increasingly have to deliver irresistible, consistent and connected experiences to customers wherever they are and however they choose to engage,” said Pierre Custeau, VP, product management, Oracle Eloqua. “To help our customers meet these increasing expectations, we are focused on delivering innovations within Eloqua that bring efficiency and creativity to the way marketers work. With the addition of powerful new content creation, sales tools and auditing capabilities, we are continuing to set the industry standard for marketing automation.”

Part of Oracle Marketing Cloud, Eloqua is a B2B marketing automation platform that helps marketing teams nurture prospects through email marketing and cross-channel marketing. 

The new enhancements to Oracle Eloqua enable customers to:

  • Quickly and efficiently create compelling and creative landing pages: A new Eloqua Landing Page Editor enables marketers to build out-of-the box landing pages without touching code and provides an enhanced guided experience with more interactive elements to further increase efficiency and spark creativity. With the new landing page editor, marketers can natively build responsive landing pages featuring image carousels with rotating images and add video backgrounds to create more engaging content without needing technical expertise or outside agency support.

  • Streamline and optimize the sales process: New Eloqua Sales Tools for Microsoft Outlook enable sales teams to access rich buyer insights, relevant content and track emails sent to prospects without having to leave their email platform of choice. The new integration with Microsoft Outlook also provides a seamless and consistent experience for sales teams that work across a range of platforms and devices by enabling users to easily access Eloqua Engage and Eloqua Profiler.  

  • Enhance security, tracking and auditing: A new comprehensive logging and auditing procedure for all major accounts and objects, further enhances the security and tracking capabilities within Eloqua. The new auditing capabilities ensure any sensitive data within Eloqua is protected against unauthorized usage or retrieval and enable users to obtain insights about login history, detailed audit insights and enhanced audit reporting that includes the ability to export audit logs for up to 25 months in CSV and XLS format.   

Oracle Marketing Cloud is part of Oracle Customer Experience (CX) Cloud Suite, an integrated suite of applications that empower organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences, and achieve predictable and tangible business results.

For additional information about Oracle Marketing Cloud, follow @OracleMktgCloud on Twitter, LinkedIn and Facebook or visit the Modern Marketing Blog.

Contact Info
Simon Jones
Oracle
415.202.4574
s.jones@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle Study Reveals Increased Network Complexity is Driving Security, Visibility, and Control Challenges for IT Leaders

Tue, 2018-09-25 07:00
Press Release
Oracle Study Reveals Increased Network Complexity is Driving Security, Visibility, and Control Challenges for IT Leaders Ninety-One Percent of IT Leaders Rank Security as Top Challenge with Expanding Enterprise Networks

Redwood Shores, Calif.—Sep 25, 2018

As enterprise networks grow, so does the challenge of effectively managing them a new Oracle Communications survey found. In the "Enterprise Networks in Transition: Taming the Chaos" report, IT and telecom leaders noted that security, fraud, and increased complexity resulting from channel proliferation are amongst their top concerns. Companies are increasingly looking to emerging technologies, such as biometrics, artificial-intelligence, and blockchain as opportunities to improve security and control.

In June 2018, Oracle surveyed 277 IT, telecom and network decision makers globally regarding their perspectives on key business and network trends and the solutions that will help them compete and thrive in a digital world. Sixty-six percent of respondents represented companies with at least 11 locations and 62 percent managed operations in multiple countries.

Separately, software-defined wide area networking (SD-WAN) was also listed as a critical technology underpinning the evolution of enterprise networks. Yet, North America lags other regions in software-defined networking (SDN) deployment (50 percent versus 65-78 percent).

“In today’s digital economy, enterprises face increasing operational complexities, heightened customer expectations and an unprecedented amount of chaos in the form of security breaches and communications overload that require a higher level of network sophistication than ever before,” said Doug Suriano, senior vice president and general manager, Oracle Communications.

Bigger Enterprise Networks, Bigger Problems
  • Security poses an ongoing challenge: 91 percent of respondents ranked security as a top three challenge, particularly in Asia and Latin America, where mobile usage is most popular. Additionally, more than one-third of respondents ranked security as their top challenge in relation to planning, deploying and managing their enterprise networks. As mobile devices continue to expand and redefine the network edge, security continues to be a top-of-mind issue.
  • Emerging tech seen as possible solution: Seventy-six percent of respondents agreed that they require new solutions to improve visibility and control over their entire network. Sixty-nine percent of respondents noted they will use biometrics in network security use cases and 57 percent artificial intelligence (AI). In tandem, AI and machine learning were also identified as key technologies in supporting quality of service and cost efficiencies (30 percent each), while blockchain was identified as a top technology to improve network control by 27 percent of respondents.
  • Channel proliferation drives greater complexity: 76 percent of survey respondents stated that the breadth and reach of their enterprise network is expanding. Network users increasingly have more channels available to them, which means that managing time and productivity is becoming increasingly difficult. While voice and e-mail are the predominant communications channels, video, chat, and other in-app communications are growing increasingly popular. This impacts how the network is deployed and managed and what defines the edge of the network.
  • Leaders are focused on fraud: At least 83 percent of respondents identified virtually all types of network and telecoms fraud as a serious issue, with more than half citing identity fraud as a primary concern in relation to real-time communications. Solutions must adapt and evolve in anticipation of current and constantly evolving threats, particularly as network complexity increases.
     
  • SD-WAN is critical for evolving enterprise networks: The majority (71 percent) of respondents agreed that SD-WAN is critical for their enterprise networks to evolve, and a greater share (88 percent) of respondents from global companies with 101 or more locations said the same. Amongst large, global companies considering SD-WAN, convenience and ease of deployment was the top driver for 48 percent, followed by reliability (36 percent) and traffic-related flexibility (34 percent).
Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Raleigh Miller
Burson Cohn & Wolfe
+1.202.530.4554
raleigh.miller@bm.com
About Oracle Communications

Oracle Communications provides integrated communications and cloud solutions for Service Providers and Enterprises to accelerate their digital transformation journey in a communications-driven world from network evolution to digital business to customer experience. www.oracle.com/communications

To learn more about Oracle Communications industry solutions, visit: Oracle Communications

LinkedIn, or join the conversation at Twitter @OracleComms.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

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Katie Barron

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Raleigh Miller

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New Oracle and MIT Technology Review Insights Report Examines State of Open Banking

Tue, 2018-09-25 07:00
Press Release
New Oracle and MIT Technology Review Insights Report Examines State of Open Banking Financial Services executives agree on need to react fast to market changes and customer expectations

Redwood Shores, Calif.—Sep 25, 2018

Open banking is one of the most critical trends driving change in the U.S. and international banking community. It represents the move from closed to open financial systems where data is shared with third parties through the use of Application Programming Interfaces (APIs). Oracle Financial Services commissioned an industry outlook report from MIT Technology Review Insights that examines how banks are responding to regulatory changes, market shifts and business model changes as a result of open banking.

The new report, Open Banking: The Race to Deliver Banking-as-a-Service, finds that most banks are still in the early stages of open banking adoption. Many are developing strategies, launching APIs, and keeping an eye on the competitive landscape. But the overarching sentiment among the banking community executives interviewed for this report indicates the banks that are able to balance speed, innovation and strategic long-term decisions will win market share.

“Not reacting rapidly enough to open banking could result in another party, either a competitor bank or fintech, innovating more quickly and eroding trust or relationships,” said Frank Tong, Head of Innovation and Strategic Investment at HSBC, in the report.

The report also asserts regulation is brokering open banking innovation through collaboration with banks to develop the frameworks needed to move forward – not only in progressive markets like the U.K. and Singapore but around the world.

“While regulation usually plays a ‘catch-up’ role when it comes to technology, our interviews revealed a fascinating trend of regulators setting the pace for banking innovation,” said Claire Beatty, Editor for MIT Technology Review Insights and one of the authors of the report. “We’re seeing a strong collaboration between governments, regulators, incumbent players and fintechs to ensure the right framework is developed to give customers greater control over their data and provide a more seamless financial services user experience.”

The report reiterates competition and consumer demand continue to be key drivers to accelerate banking digitization. Fintechs can quickly deploy consumer services while consumers seek the ease and convenience they offer. In order for traditional financial institutions to remain competitive they have to embrace open banking and a collaborative strategy that allows them to build smarter, deeper, and more relevant digital experiences across the customer lifecycle. Banks must also overcome challenges such as coordinating open banking strategies locally and globally, managing the ongoing digital transformation of the front and back office, prioritizing API development and uniting and educating teams.

“Open banking is no longer an option, but an inevitable reality,” said Sonny Singh, senior vice president and general manager of Oracle Financial Services Global Business Unit. “Banks that tap into an expanding ecosystem of potential digital partners, embrace APIs and leverage cloud-ready solutions, will get ahead in the race to efficiently deliver a broad range of financial products and services to their customers.”

For example, the process of designing customized APIs and exposing them for consumption can take between 12 to 24 months, depending on the complexity of the banks’ IT landscape. With a cloud-ready platform like Oracle Banking APIs, banks can tap into a prebuilt repository of more than 1,500 Representational State Transfer (REST) APIs.

For the report, MIT Technology Review interviewed the following senior executives from around the world who are directly involved with open banking: Abhishek Seth, Head of Open Banking and API, APAC and EMEA, Global Consumer Technology, Citi; Frank Tong, Global Head of Innovation and Strategic Investment, HSBC; Gerard Florian, Chief Information Officer, ANZ; Deniz Güven, Global Head of Customer Experience, Standard Chartered Bank; Jason Bates, Co-Founder, 11:FS; Alex Weber, Head of International Markets, N26 Group; Derek White, Global Head of Customer Service, BBVA; and Tomofumi Watanabe, Joint General Manager, Sumitomo Mitsui Financial Group.

The full report is available at http://ora.cl/G3Qd6

Contact Info
Judi Palmer
Oracle
+1 650 784 7901
judi.palmer@oracle.com
Brian Pitts
Hill+Knowlton Strategies
+1 312 475 5921
brian.pitts@hkstrategies.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About MIT Technology Review

Founded at the Massachusetts Institute of Technology in 1899, MIT Technology Review is a world-renowned, independent media company whose insight, analysis, reviews, interviews and live events explain the commercial, social and political impact of new technologies. MIT Technology Review derives its authority from the world’s foremost technology institution and from its editors’ deep technical knowledge, capacity to see technologies in their broadest context, and unequaled access to leading innovators and researchers. For 117 years, MIT Technology Review’s mission has been to equip readers with the intelligence to understand a world shaped by technology and the impact upon their careers and lives. Subscribe.

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Judi Palmer

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Brian Pitts

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Survey: Lack of Confidence in Clinical Trial Data Delaying Drug Development

Mon, 2018-09-24 07:00
Press Release
Survey: Lack of Confidence in Clinical Trial Data Delaying Drug Development Costly data preparation, slow data reconciliation and poor data quality hindering drug development efforts for life-saving therapies

Redwood Shores, Calif.—Sep 24, 2018

Pharmaceutical companies share significant concerns over their ability to bring more drugs to market faster due to clinical data challenges. A new global study, commissioned by Oracle Health Sciences and conducted by Pharma Intelligence, revealed that 57 percent of the clinical researchers surveyed believe that their clinical data issues result in trial delays.

In addition to trial delays, 81 percent of respondents cited data governance issues as the biggest challenge in meeting regulatory compliance. The top three data issues according to survey respondents were duplicate data/inconsistent data, data quality and data integrity/traceability.

“Data governance is our top concern because clinical data quality issues can hinder a trial’s completion,” said Melonie Longan, Director, Data Operations, Functional Services, Premier Research.  Premier Research is a CRO serving biotechnology customers who are researching therapies related to analgesia, dermatology, hematology, oncology, neuroscience, pediatrics, and rare disease.

When asked what the top three operational challenges were with their clinical trial data, 51 percent cited data completeness, 45 percent said data quality and 43 percent, data cleaning.

“The kind of clinical data quality issues such as those highlighted in this report can have significant negative impacts,” said Julie Barenholtz, Principal Clinical Data Manager, Cytel Inc. “As a data company, we are always looking for ways to improve the quality of the data and process it efficiently so that patients have access to treatments as quickly as possible.” Founded in 1987, Cytel is a multinational contract research organization (CRO) known for its pioneering work in statistical science and the design and implementation of adaptive clinical trials.

Not surprisingly, over three-fourths of respondents cited inconsistent data and missing patient data as the most critical clinical data problems to catch in clinical trials.

“Clinical teams are forced to spend time cleaning data instead of analyzing it, and they can’t always see the entire picture of what is available to them; this delays the ability to make critical decisions about the trial and holds up regulatory submission,” said Steve Rosenberg, General Manager, Oracle Health Sciences. “Clinical researchers shouldn’t have to spend time and resources on fixing data issues that technology was built to handle. Technology can, and should, be used to eliminate unnecessary manual intervention and mitigate risk so we can get therapies in the hands of patients who are waiting.”

The top three risks highlighted by the research include the need for additional data reconciliation; incomplete data to determine efficacy and patient replacements.

“Wasting precious time reconciling clinical data issues can be detrimental and costly to our customers,” said Vicki Gashwiler, Associate Director, Strategic Development & Market Access, MedTech Division for Novella Clinical. “Our top concern is proactive data management and data monitoring to reduce the risk of clinical data quality issues slowing down a trial. These delays can have significant financial implications for our customers.”

About the Survey

The survey was conducted by Pharma Intelligence and sponsored by Oracle Health Sciences and ran from the beginning of August 2018 into September 2018. The largest percentage of responses came from clinical researchers, data scientists and clinical programmers from biopharma organizations and a small percentage of medical device companies and Contract Research Organizations. Respondents were from around the globe with 61 percent from North America, 20 percent from Asia Pacific and 17 percent from Europe.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Meghan Roman
Blanc and Otus
+1 202.347.7113‬
meghan.roman@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017), the number one provider of eClinical solutions (Everest Group, 2017) and powered by the number one data management technology in the world (Gartner, 2018), Oracle Health Sciences technology is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech and 10 of the top 10 CROs for clinical trial and safety management around the globe.

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Oracle Recognized as a Leader in Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises

Thu, 2018-09-20 07:00
Press Release
Oracle Recognized as a Leader in Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises Oracle Placed Furthest for Completeness of Vision within the entire Gartner Magic Quadrant

REDWOOD SHORES, Calif. —Sep 20, 2018

Oracle today announced that it has been recognized, for the third consecutive year, as a Leader in Cloud HCM Suites for Midmarket and Large Enterprises by Gartner. The 2018 Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises evaluates vendors based on completeness of vision and ability to execute. It positioned Oracle furthest for completeness of vision for Cloud HCM Suites. A complimentary copy of the report is available here.

“Our strong investment in a simple, powerful HCM system, and innovation in artificial intelligence and digital assistants, will forever change the experience of working with HCM systems,” said Chris Leone, senior vice president of development, Oracle HCM Cloud. “We are very pleased to be recognized by Gartner and believe our position as a Leader in this year’s report further validates our relentless commitment to helping customers gain a competitive advantage while adapting to the ever-accelerating pace of technological change.”

According to Gartner, “Leaders demonstrate a market-defining vision of how HCM technology can help HR leaders achieve business objectives. Leaders have the ability to execute against that vision through products and services, and have demonstrated solid business results in the form of revenue and earnings. In the cloud HCM suite market, Leaders show a consistent ability to win deals, including the foundational elements of admin HR (with a large number of country-specific HR localizations) and high attach rates of Talent Management, Workforce Management and HRSD capabilities. They have multiple proof points of successful implementations. Further, these customers have workforces deployed in more than one of the main geographic regions (North America, Europe, MENA, Latin America and Asia/Pacific), in a wide variety of vertical industries and sizes of organization (by number of employees). Leaders are often what other providers in the market measure themselves against.”

Part of Oracle Cloud Applications, Oracle HCM Cloud enables HR professionals to simplify the complex in order to meet the increasing expectations of an ever-changing workforce and business environment. By providing a complete and powerful platform that spans the entire employee life cycle, Oracle HCM Cloud helps HR professionals deliver superior employee experience, align people strategy to evolving business priorities, and cultivate a culture of continuous innovation.

For additional information on Oracle HCM Cloud visit: https://cloud.oracle.com/en_US/hcm-cloud.

Gartner, Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises, Melanie Lougee, Ranadip Chandra, et al., 15 August 2018.

Contact Info
Simon Jones
Oracle PR
415-202-4574
s.jones@oracle.com
Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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