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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.

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Alex Shapiro

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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.

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Danielle Tarp

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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.

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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Alex Shapiro

  • 415-608-5044

Quentin Nolibois

  • +1.415.591.4097

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.

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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Simon Jones

  • 415.202.4574

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.

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 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

  • +1.202.530.4554

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.

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

Judi Palmer

  • +1 650 784 7901

Brian Pitts

  • +1 312 475 5921

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

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Valerie Beaudett

  • +1 650.400.7833

Meghan Roman

  • +1 202.347.7113‬

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
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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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Simon Jones

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Oracle Retail Enables Retailers to Deliver Compelling Assortments at the Pace of Fast Fashion with New Assortment and Item Planning Cloud Service

Wed, 2018-09-19 07:00
Press Release
Oracle Retail Enables Retailers to Deliver Compelling Assortments at the Pace of Fast Fashion with New Assortment and Item Planning Cloud Service Oracle Retail named as a Leader in Gartner’s Magic Quadrant Analysis of Retail Assortment Management Applications

Redwood Shores, Calif.—Sep 19, 2018

Oracle Retail has introduced a new Oracle Retail Assortment and Item Planning Cloud Service for fashion and soft line retailers. Delivering an effective assortment and item strategy that engages the customer in an omnichannel environment requires a single view of customer, inventory, order, demand, pricing and promotions that is easily accessed in a cloud environment. Oracle Retail Assortment and Item Planning cloud service provides a framework of best practices for retailers while arming business analysts with advanced analytics and data science that improve the accuracy of assortment and item planning.

Oracle has been named a leader in Gartner’s Magic Quadrant analysis of Retail Assortment Management Applications (RAMA), for the fourth consecutive year.

“Oracle continues its relative placement in the Leaders quadrant,” said Robert Hetu, Research Vice President, Gartner. “Oracle has been the leader in providing all RAMA capabilities for several years. Its leadership in the Magic Quadrant also includes the use of all 13 advanced analytics types within its RAMA application.”

“Oracle’s ongoing leadership in merchandising assortment solutions can be attributed to our extensive suite of modern technology, our focus on delivering innovation in the cloud and our growing community of retailers,” said Jeff Warren, Vice President, Oracle Retail. “The launch of Oracle Retail Assortment and Item Planning speaks to our continued commitment to innovation and leadership in retail, as demonstrated with our release of visual planning, and we appreciate that Gartner recognizes our leadership in their Retail Assortment Magic Quadrant.”

The new Oracle Retail Assortment and Item Planning Cloud Service provides retailers with a rich visual, end-to-end workflow to define and execute local market assortments. Retailers gain item level visibility across their brick and mortar footprint to improve traffic conversion in individual stores, while increasing gross margin and return on investment 

Benefits of Oracle Retail Assortment and Item Planning Cloud Service include:

  • Optimize Targeted Assortments:  Retailers can leverage embedded science and automation to drive an effective assortment strategy that considers historical data of assortment trends, attribute mix, style-color performance by location and special buys. 

  • Create One Complete Version of the Truth: Through a common business process, calculations and smart starting points in a cloud native platform planners can easily review and update sales, promotions, and markdown plans.

  • React to In-season Trends and Opportunities:  Retailers gain the agility to quickly and effectively react to season-to-date actuals and trends with exception management.  This drives an increase in profits while enabling a proactive in-season item management and exception-driven process.

  • Increase Plan Accuracy While Reducing Markdowns: The reconciliation of bottom-up and top-down item plans includes an integrated financial plan reconciliation to prevent overstocks and enable an increased return on investment.  By leveraging natural scenario planning and what-if capabilities, planners are able to easily create and toggle between multiple scenarios; maximizing overall profitability.

Recent Planning and Optimization Success Stories:
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 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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Matt Torres

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Healthcare Organizations Select Oracle Cloud Applications to Increase Agility and Improve Decision Making

Wed, 2018-09-19 07:00
Press Release
Healthcare Organizations Select Oracle Cloud Applications to Increase Agility and Improve Decision Making Delta Dental of California, Mount Sinai Health System, and University of Wisconsin Health migrate critical business operations to Oracle Cloud Applications

Redwood City, Calif—Sep 19, 2018

To adapt to rapidly changing industry demands while providing the best possible access to patient care, healthcare organizations are selecting Oracle Cloud Applications. Delta Dental of California and its enterprise affiliates, Mount Sinai Health System, and University of Wisconsin Health (UW Health) have selected Oracle Cloud Applications to enhance business visibility, increase agility, reduce costs, and future proof their organizations on Oracle’s dynamic business innovation platform.

It is more difficult than ever for healthcare organizations to deliver optimum patient care due to increasing competition, costs, and regulatory complexity. To address these challenges, healthcare companies are turning to the cloud to increase agility, reduce costs, and improve overall business efficiency. In fact, IDC research forecasts that healthcare providers will account for 48 percent of total spending on industry cloud in 2018—more than double the investment of any other sector.1

“At Delta Dental, we’re building a culture where employees feel inspired to do—and to be—their absolute best,” said Sarah Chavarria, chief human resources officer for Delta Dental of California and its enterprise affiliates. “As we create an employee experience that empowers our people to take action when and where they need, Oracle’s HCM cloud platform provides our human resources team with the necessary benefits, compensation and talent management data to be more responsive to our employees’ needs.”

“To continue improving our research, patient care and education offering, we needed to expand our business visibility and generate better insights from our technology,” said Donald Scanlon, executive vice president and chief financial officer, Mount Sinai Health System. “Working with the team at Oracle, we will be able to manage human resource, finance and supply chain data and processes on a single, integrated platform. This will significantly improve productivity, enable smarter decision-making and help us create better healthcare outcomes for the communities we serve.”

“Technology and regulations have accelerated the rate of change in the healthcare industry and our legacy business systems were struggling to keep up,” said Elizabeth Bolt, senior vice president and chief operating officer, UW Health. “To ensure we could continue to deliver the best quality services as we grow, we needed agile systems that can quickly turn data into insight. Going forward, we will manage all of our HR, supply chain, and financial data on a single integrated platform.”

Moving to Oracle Cloud Applications enables healthcare organizations to rapidly leverage new artificial intelligence, blockchain, and Internet of Things capabilities as they are added, and benefit from Oracle’s continuous innovation in enterprise applications.

“Healthcare organizations operate in a dynamic, highly-competitive environment with constantly changing regulations, best practices, and technologies,” said Steve Miranda, executive vice president, applications product development, Oracle. “We’re helping healthcare organizations thrive amidst increasing complexity by leveraging emerging technologies, which are part of the fabric of our applications. Oracle Cloud Applications allow our customers to quickly respond to changing market conditions and patient needs to deliver the highest quality care.”

A growing number of healthcare organizations are selecting Oracle Cloud Applications for Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), Supply Chain Management (SCM) and Human Capital Management (HCM).

  • Delta Dental of California: As the largest U.S. dental carrier, Delta Dental of California and its affiliates provide coverage and access to care to 36.8 million people in the United States, Puerto Rico and Mexico. Delta Dental selected Oracle HCM Cloud to help maximize employee engagement and improve workforce and business agility.

  • Mount Sinai Health System: The Mount Sinai Health System is an integrated health care system, which includes more than 7,000 primary and specialty care physicians and 12 minority-owned free-standing ambulatory surgery centers. Mount Sinai Health System selected Oracle ERP Cloud, Oracle SCM Cloud, and Oracle HCM Cloud to improve business visibility and reduce costs.

  • University of Wisconsin Health (UW Health): UW Health serves more than 600,000 patients annually, with 1,500 physicians and 17,000 staff at seven hospitals and 87 outpatient clinics. UW Health selected Oracle ERP Cloud, Oracle EPM Cloud, Oracle SCM Cloud, and Oracle HCM Cloud to optimize the delivery of healthcare services and improve patient outcomes.

For more information on how the capabilities in Oracle Cloud can benefit healthcare organizations, visit https://www.oracle.com/industries/healthcare/index.html or read this blog.

[1] IDC Research, “Worldwide Semiannual Industry Cloud Tracker,” June 2018, https://bit.ly/2LneOJJ

Contact Info
Bill Rundle
Oracle PR
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.

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Bill Rundle

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Central State University Enrolls Oracle Cloud to Help More Students Get Degrees

Wed, 2018-09-19 07:00
Press Release
Central State University Enrolls Oracle Cloud to Help More Students Get Degrees Leading Ohio University first to deploy Oracle Student Management to reach, retain and foster the success of non-traditional learners

Redwood City, Calif—Sep 19, 2018

Central State University has selected Oracle Student Management to help increase degree attainment and open educational opportunity to all students. Part of the Oracle Student Cloud suite, the technology will empower Central State to better reach, enroll, and ensure the success of students in its upcoming Distance Learning Program. In addition, select Oracle University classes will be added to the program in Fall 2019 broadening the university’s curriculum with new 21st-century technology skills that will further prepare students for the modern workforce.

Central State has an esteemed history of extending learning opportunities to diverse communities. Founded in 1887, Central State is one of 19 1890 Land-Grant institutions in the United States. Today, as an internationally growing university, it aims to be a premier institution with excellence in teaching and learning that embraces diversity and produces graduates with the knowledge, skills, and dispositions to make valuable contributions in a global society.

Central State realized that a modern technology approach was needed to reach more students and provide them the opportunity to learn on the time, schedule, and pace that best meets their unique needs and lifestyle. Oracle Student Management will play a critical role in helping the University not only attract new students to its Distance Learning program, but also provide the proactive intelligence needed to improve retention and success rates across the entire University. Central State also plans to add additional Oracle Cloud technologies over time to further improve operational efficiency and deliver an engaging, personalized student experience.

“Increasing student enrollment, improving retention, and speeding time to a degree are core priorities for Central State,” said Dr. Cynthia Jackson- Hammond, President and Chief Executive Officer, Central State University. “We understand that every student is different and has pressures of work and life that often derail their path. With Oracle Student Management, we will be able to further reach and support those students through our upcoming Distance Learning Program, ensuring they achieve the degree they need to better their employment opportunities.”

Enhancing the traditional capabilities of student information systems (SIS), Oracle Student Management helps transform the student experience with capabilities for recruiting, engagement, support, and management. Leveraging emerging technologies and built in automation, the offering delivers the insights universities need to anticipate student needs and monitor progress more proactively, illuminate the right path to better academic outcomes, and empower student success. The Oracle Student Cloud suite is designed to support a variety of business models, from a straightforward “pay to enroll” to managing complex academic requirements, providing the right footprint for each university’s unique needs.

“Delivering both traditional and non-traditional academic programs effectively requires institutions to be more visionary and have the right solutions to execute that vision,” said Vivian Wong, Oracle’s group vice president of Higher Education Development. “Oracle is partnering with Central State on their Student Cloud journey, to ensure both the University and the students themselves have the advanced tools, touchpoints, and knowledge they need to advance degree achievement.”

To further enhance Central State’s Distance Learning Program, new Oracle University classes will be added to the online course curriculum. As part of the Oracle Workforce Development Program (WDP), initial courses will center around advancing skills in Oracle Database, SQL and Java and will be available for workforce, government, military, corporate, and other non-traditional students.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Oracle
+1.925.787.6744
kris.reeves@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.

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Kristin Reeves

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Oracle Retail Industry Forum 2018 Convenes European Retail Leaders to Share Insights and Strategies for Continued Growth and Innovation

Tue, 2018-09-18 10:00
Press Release
Oracle Retail Industry Forum 2018 Convenes European Retail Leaders to Share Insights and Strategies for Continued Growth and Innovation Over 110 European Retailers from 26 Countries Expected to Attend Conference in Budapest

Redwood Shores, Calif.—Sep 18, 2018

Oracle Retail will convene a European community of retail leadership at the Oracle Retail Industry Forum (ORIF) in Budapest Hungary with a program tailored for retailers by retailers and an opportunity for strategic networking to continue discussions on strategies and successes.

“Oracle Retail Industry Forum is about bringing together our retail community to foster continued growth and innovation. We are pleased to showcase local customer success stories. Within the forum, we highlight real software, delivering real value,” said Chris James, vice president of Europe, Oracle Retail.

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.

Retail speakers include:

  • Delphine Brabant, Head of Buying/Product IT Department, ÏDKIDS Community

  • Bhavesh Chavda, Enterprise Architect, John Lewis

  • Andrew Parr, IT Director, Wyevale

  • Mathilde Paul, Chef de Projet Chez, Auchan

  • Piotr Pawlowski, Strategic IT Director, CCC, S.A

Retail continues to be mercurial as consumers react and adapt to technological developments, in order to help customers navigate shifting attitudes and customer behaviors Oracle will reveal the findings of a global consumer research report.

“For us, the Oracle Retail Industry Forum is a critically important event because the focus on the European community. We view Oracle as an important partner and our collaboration with Oracle is a key part of our strategy,” said Platinum Sponsor Gabor Tozser, Chief Executive Officer, Quickborn. “Oracle’s solutions have the capabilities that we believe are supporting critical retail capabilities without which retailers will not succeed today.”

Oracle will be joined by 11 strategic solution integrators as sponsors for ORIF in Budapest. These partners contribute to and help deliver success within our community. Our partner community includes platinum sponsor Quickborn; gold sponsors Accenture, Logic, Retail Consult and Veltio; and Adyen, Cognira, First Friday, HRS, OLR and SkillNet as silver sponsors. 

For more information about how Oracle is committed to empowering organizations through best-in-class, industry-specific business solutions, visit oracle.com/retail. To learn more about Oracle Retail Industry Forum 2018, go to www.oracle.com/goto/orif18. Registration is limited to retailers and our sponsor community.

Contact Info
Matt Torres
Oracle
4155951584
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.

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Matt Torres

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Oracle Leads the Market with Growth by Revenue in iPaaS

Tue, 2018-09-18 07:00
Press Release
Oracle Leads the Market with Growth by Revenue in iPaaS Oracle iPaaS market share by revenue grew 270 percent between 2016 and 2017, according to Gartner report1

Redwood Shores, Calif.—Sep 18, 2018

Oracle today announced that it has achieved the highest market share by revenue in Gartner’s “Market Share Analysis: Integration Platform as a Service, Worldwide, 2017” report1. This report follows Oracle being named a Leader in Gartner’s 2018 “Magic Quadrant for Enterprise Integration Platform as a Service” report2 in April.

“We believe our market share demonstrates the value Oracle Cloud Platform delivers to thousands of enterprises every day,” said Amit Zavery, executive vice president of development, Oracle Cloud Platform. “Our comprehensive iPaaS offering has eliminated the barriers between various Oracle and third-party ERP, HCM, and CX applications to provide a seamlessly connected business spanning cloud and on-premises. This comprehensive and easy-to-use offering, combined with strong synergy with the rest of the Oracle Cloud portfolio, continues to help our customers successfully transform and evolve their businesses by leveraging modern integration technologies, including artificial-intelligence and machine learning-powered services.”

“GE leverages Oracle Integration Cloud to streamline commercial, fulfilment, operations and financial processes of our Digital unit across multiple systems and tools, while providing a seamless experience for our employees and customers,” said Kamil Litman, vice president of software engineering, GE Digital. “Our investment with Oracle has enabled us to significantly reduce time to market for new projects, and we are excited about Oracle’s autonomous cloud capabilities.”

Oracle’s iPaaS offerings include Oracle Integration Cloud, Oracle Data Integration Platform Cloud and Oracle SOA Cloud, all part of Oracle Cloud Platform. Oracle Integration Cloud is a simple and powerful integration platform targeting ad hoc integrators with tools such as process automation, while Oracle SOA Cloud delivers a high-control platform for specialist integrators. With more than 100 adapters, customers can quickly integrate and scale Oracle, third-party, and on-premises applications, APIs, people and devices. Additionally, Oracle has many other cross-PaaS offerings that can be combined with Oracle’s iPaaS services to deliver greater productivity.  Those services include Oracle Data Integration Platform Cloud, to support real-time data streaming, batch data processing, and enterprise data quality and governance; and Oracle API Platform Cloud, for API-first design and management. Oracle API Platform Cloud, leveraging Apiary’s unique API-first design tool used by over 300,000 developers and 400,000 APIs, is designed to eliminate the complexities associated with transforming on-premises API solutions into the cloud, so companies can thrive in the digital economy.

Oracle also previously announced autonomous capabilities across its entire Oracle Cloud Platform portfolio, including application and data integration. This includes self-defining integrations that help customers rapidly automate business processes across different SaaS and on-premises applications, as well as self-defining data flows with automated data lake and data prep pipeline creation for ingesting data (streaming and batch).

1. Gartner, “Market Share Analysis: Integration Platform as a Service, Worldwide, 2017,” by Bindi Bhullar, Massimo Pezzini, Keith Guttridge, Elizabeth Golluscio, Eric Thoo, August 7 2018

2. Gartner, “Magic Quadrant for Enterprise Integration Platform as a Service,” by Keith Guttridge, Massimo Pezzini, Eric Thoo, Bindi Bhullar, Betty J. Zakheim, April 18, 2018

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.

Contact Info
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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Nicole Maloney

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Q1 FY19 GAAP EPS UP 13% TO $0.57 and NON-GAAP EPS UP 18% TO $0.71

Mon, 2018-09-17 14:21
Press Release
Q1 FY19 GAAP EPS UP 13% TO $0.57 and NON-GAAP EPS UP 18% TO $0.71 Fusion Cloud ERP Customer Count Nearly 5,500, NetSuite Cloud ERP Customer Count Over 15,000

Redwood Shores, Calif.—Sep 17, 2018

Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q1 results. Total Revenues were $9.2 billion, up 1% in U.S. dollars and up 2% in constant currency, compared to Q1 last year. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 2% to $7.5 billion. Cloud Services and License Support revenues were $6.6 billion, while Cloud License and On-Premise License revenues were $867 million. Without the strengthening of the U.S. dollar compared to foreign currencies, Oracle’s reported GAAP and non-GAAP Total Revenues would have been $66 million higher, and Earnings Per Share would have been 1 cent higher.

GAAP Operating Income was up 1% to $2.8 billion and GAAP Operating Margin was 30%. Non-GAAP Operating Income was up 1% to $3.8 billion and non-GAAP Operating Margin was 41%. GAAP Net Income was up 6% to $2.3 billion and non-GAAP Net Income was up 10% to $2.8 billion. GAAP Earnings Per Share was up 13% to $0.57 while non-GAAP Earnings Per Share was up 18% to $0.71.

Short-term deferred revenues were up 2% to $10.3 billion compared to a year ago. Operating Cash Flow was up 5% to $15.5 billion during the trailing twelve months.

“We are off to an excellent start with Q1 non-GAAP earnings per share growing 19% in constant currency,” said Oracle CEO, Safra Catz. “That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth.”

“The vast majority of ERP applications running in the cloud are either Oracle Fusion or Oracle NetSuite systems,” said Oracle CEO, Mark Hurd. “In the first quarter, we increased our market share as customers continued to buy Oracle Fusion ERP to replace their existing SAP and Workday ERP systems. The Oracle Fusion ERP customer count is now nearly 5,500, while the NetSuite ERP customer count is over 15,000. Virtually every analyst ranks Oracle as the market leader in cloud ERP.”

“The Oracle Autonomous Database is now available on our second generation, highly-secure “Bare-Metal” cloud infrastructure,” said Oracle CTO, Larry Ellison. “Oracle’s Autonomous Database is faster, easier-to-use, more reliable, more secure and much lower cost than Amazon’s databases. And Oracle is the only database that can automatically patch itself while running to protect your data from data theft. These are just some of the reasons why Amazon uses the Oracle database to run its business.”

The Board of Directors increased the authorization for share repurchases by $12.0 billion. The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 16, 2018, with a payment date of October 30, 2018.

Q1 Fiscal 2019 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q1 results and fiscal 2019 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 6387377.

Contact Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit www.oracle.com/ or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

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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” Statement

Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the growth of our non-GAAP EPS are all “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our cloud strategy, including our Oracle Software as a Service, Platform as a Service, Infrastructure as a Service and Data as a Service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, integrate acquired products and services, or enhance and improve our existing products and support services in a timely manner, or price our products and services to meet market demand, customers may not purchase or subscribe to our software, hardware or cloud offerings or renew software support, hardware support or cloud subscriptions contracts. (3) Enterprise customers rely on our cloud, license and hardware offerings and related services to run their businesses and significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings and related services could expose us to product liability, performance and warranty claims, as well as cause significant harm to our brand and reputation, which could impact our future sales. (4) If the security measures for our products and services are compromised and as a result, our customers’ data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our brand and reputation could be damaged and we may experience legal claims and reduced sales. (5) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to consumer privacy and data protection. (6) Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (7) Our international sales and operations subject us to additional risks that can adversely affect our operating results. (8) We have a selective and active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle Corporation’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of September 17, 2018. Oracle undertakes no duty to update any statement in light of new information or future events. 

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Perry Ellis International, Inc. Implements Oracle Retail Cloud to Personalize Global Customer Experience

Mon, 2018-09-10 10:46
Press Release
Perry Ellis International, Inc. Implements Oracle Retail Cloud to Personalize Global Customer Experience Expanded Relationship with Oracle Enables PEI to gain 360 Degree View of Over 1 Million Customers in Less Than 7 Weeks

Redwood Shores Calif—Sep 10, 2018

Global apparel fashion house Perry Ellis International, Inc. (PEI) has deployed Oracle Retail Customer Engagement Cloud Services to better personalize the shopping experience for customers across the United States and United Kingdom.  PEI’s brands Perry Ellis®, An Original Penguin by Munsingwear®, and Cubavera® manage a large international footprint with their own retail stores and e-commerce channels. These multiple points of engagement for consumers created complexity that made it difficult to understand consumer behavior. Oracle Retail Customer Engagement provides PEI with a comprehensive view of shopping behavior of over 1 million loyalty members and a platform to leverage that information to personalize customer brand interactions across all touch points.
 
“Our goal with our digital transformation is to focus on the experience we provide for our customers. Customer Engagement was an important step in this transformation. We were able to quickly integrate to our legacy systems. Now we can move forward with our next generation Point of Service with the confidence to deliver a superior in-store experience for our customers and associates,” said Luis Paez, chief information officer, PEI. “We recognize Oracle’s continued investment in retail-specific solutions while providing lower cost of ownership with the new cloud service. For us the value is the robust functionality, scalability and speed to market.”
 
“Having a holistic perspective of how consumers engage with your brand is critical to develop experiences necessary to compete and thrive in the retail community,” said Mike Webster, senior vice president and general manager, Oracle Retail. “With cloud technology, brands can begin innovating and refocusing their efforts to amplifying the customer experience at an unprecedented rate. This implementation represents the fastest go-live in the cloud to date for Oracle Retail Customer Engagement.”
 
PEI and Oracle Retail have a long-standing relationship having previously implemented Oracle Retail Merchandising System, Oracle Retail Price ManagementOracle Retail Sales AuditOracle Retail AllocationOracle Retail Store Inventory Management, Oracle Retail Point of Service and Oracle Retail Central Office. The interoperability compelled PEI to replace their existing customer relationship management system and upgrade to the latest Oracle Retail Cloud release to support their loyalty program that rewards and retains customers for their purchases while optimizing margins. PEI is currently migrating to the latest version of Oracle Retail Xstore Point-of-Service.
 
The implementation process was guided by IT leadership from PEI with a clear strategy that begins with executive sponsorship and concludes with rigorous testing of the solutions. This process was supported by BTM Global, a Gold-level member of Oracle Partner Network (OPN).  BTM Global has provided a full range of systems integration services including functional and technical design work, custom integration points, interface designs, development and testing, and scripting through training and user-focused testing for PEI for multiple Oracle solutions. PEI decided to implement Oracle Retail Customer Engagement Cloud Services after experiencing operational efficiencies from upgrading the enterprise suite of Oracle Retail Merchandise Operations Management in just six months with BTM Global.
 
"In complex projects with fast timelines, collaboration and trust between the retailer and integration partner are required," said Tom Schoen, Chief Executive Officer, BTM Global. "This unique project was successfully and efficiently launched because of our history with Perry Ellis International. We were honored to be chosen once again by them as their implementation partner." 
Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Perry Ellis International
Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men's and women's apparel, accessories and fragrances. The company's collection of dress and casual shirts, golf sportswear, sweaters, dress pants, casual pants and shorts, jeans wear, active wear, dresses and men's and women's swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands, including: Perry Ellis®, An Original Penguin by Munsingwear®, Laundry by Shelli Segal®, Rafaella®, Cubavera®, Ben Hogan®, Savane®, Grand Slam®, John Henry®, Manhattan®, Axist®, Jantzen® and Farah®. The company enhances its roster of brands by licensing trademarks from third parties, including: Nike® for swimwear, and Callaway®, PGA TOUR®, and Jack Nicklaus® for golf apparel and Guy Harvey® for performance fishing and resort wear.  Additional information on the company is available at http://www.pery.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.

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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Matt Torres

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STF GROUP, Owner of Brands STUDIO F and ELA, Implements Oracle Cloud to Optimize Inventory Planning Across Omnichannel Footprint in Latin America

Thu, 2018-09-06 07:00
Press Release
STF GROUP, Owner of Brands STUDIO F and ELA, Implements Oracle Cloud to Optimize Inventory Planning Across Omnichannel Footprint in Latin America Trending Colombian Fashion Retailer Introduces Science to Inform Inventory Mix and Levels across 317 Physical Stores in Colombia, Mexico, Panama and Chile

Redwood Shores, Calif.—Sep 6, 2018

Colombian Fashion Retailer STF GROUP has deployed Oracle Retail Planning and Optimization Cloud Service to support the growth of channels and operations by introducing best of breed, advanced planning solutions with supporting retail science to optimize inventory and financial plans. STF GROUP curates a unique fashion shopping experience of high quality apparel, footwear, handbags, accessories through an online shop, boutiques and certified wholesalers that serve customers in Colombia, Costa Rica, Chile, Ecuador, Guatemala and Peru. After experiencing strong growth in recent years, STF GROUP looked to the cloud for a single source of performance, market and vendor data that will be critical to improving the accuracy and depth of inventory plans while maximizing margin potential and mitigating unnecessary markdowns.

With a footprint including 317 physical stores across Latin America, 4,500 direct employees and producing more than 6 million pieces per year STF GROUP understood the need to invest in cloud technology to support continued growth and provide better service for their customers.

“We knew we needed a modern solution that could scale and grow with our business to support our plans to close the year optimizing resources,” said Polo Marin, Operations Director, STF GROUP. “Oracle Retail Consulting helped us implement Oracle Retail Merchandise Financial Planning Cloud Service and Oracle Retail Assortment Planning Cloud Service.”

“According to Euromonitor International, the middle-class of Colombia is consolidating and changing its relationship with retail brands and expecting more personalized service and inventory,” said Carlos Victoria, Vice President of Latin America, Oracle Retail. “Oracle is poised to help retailers like STF GROUP empower their teams to take advantage of new digital opportunities by enabling omnichannel strategies and support alliances with international competitors.”

With Oracle Retail Planning and Optimization Cloud Service, STF GROUP can now take advantage of a proactive planning process that creates transparency of cost in the buying process and a consolidated view of key performance indications in one place. Merchandising planners can manage and organize their assortment plan in units with correct time to market and a structured process based on science that is key to evaluating what to replace first and keep on top of the latest fashion trends and consumer preferences.

“STF GROUP is a dynamic fashion retailer. Throughout the implementation process, we appreciated the importance of the user experience and a robust solution that met their needs to better serve a sophisticated consumer,” said Lou Frio, Vice President Consulting, Oracle Retail. “Our teams worked closely together to achieve a common goal, better customer service.”

 

STF Group implemented Oracle Retail Planning and Optimization Cloud Service in November 2017.

Contact Info
Matt Torres
Oracle
415-595-1584
matt.torres@oracle.com
About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. 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

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Oracle Academy Expands Offering with Personalized Learning Resources and AI Curriculum

Tue, 2018-09-04 08:00
Press Release
Oracle Academy Expands Offering with Personalized Learning Resources and AI Curriculum New Additions Help Students and Teachers Address Changing Technology and Educational Landscape

Redwood Shores, Calif.—Sep 4, 2018

Today, Oracle Academy announced new curriculum offerings and learning modules to advance computing education globally. The latest offerings put Oracle Academy at the forefront of public-private partnerships in education with a variety of enhanced, flexible formats that help educators teach computer science, bring emerging technologies like artificial intelligence (AI) and machine learning (ML) into the classroom, and inspire students with lessons from successful innovators and entrepreneurs.

“As technological innovation increasingly drives our global economy, computer science becomes a critical component of any well-rounded education,” said Alison Derbenwick Miller, vice president, Oracle Academy. “Oracle Academy’s new computing coursework and learning experiences will augment that education, open more opportunities and further inspire our emerging generation of innovators.”

Setting the Standard for the Next Generation in Computing Education

Building a bridge between instructor-centric learning and student-directed discovery, Oracle Academy today introduced Oracle Academy Education Bytes. Designed to support personalized learning, Education Bytes are short-format, flexible learning modules that offer instructional materials on database, programming and data science concepts and skills. Education Bytes can be used alone or to enhance Oracle Academy curriculum and provide self-directed learning experiences in programming, SQL, PL/SQL, big data, R, Hadoop and more. Education Bytes support varying learning modalities with different content in three formats: Hands-On Labs, Projects and Challenges, and Videos and Presentations.

Recognizing the importance of emerging technologies, Oracle Academy also launched new course curriculum in artificial intelligence and machine learning. Designed for advanced undergraduates studying computing, the course asks students to design, implement, and demonstrate a machine learning solution in Java that could help a business or organization tackle a real-world challenge. This project-based course expands upon concepts and skills gained in Oracle Academy Java Foundations and Java Programming classes.

Finally, in collaboration with the Oracle Global Startup Ecosystem, Oracle Academy introduced a video lecture series that includes classroom discussion questions for Oracle Academy institutional members and shares personal, real-world lessons from successful entrepreneurs on following their dreams, living fearlessly, and finding success.  Developed for anyone who is or wants to be an entrepreneur, the series features executives participating in the Oracle Global Startup Ecosystem, a program that reimagines enterprise innovation through partnerships with startups that foster co-development and co-innovation.

These new offerings follow a period of unprecedented growth and reach for Oracle Academy. During the past fiscal year, Oracle Academy worked with more than 15,000 institutions across 128 countries to advance computing education and impact 6.3 million students.

Contact Info
Julie Sugishita
Oracle Corporate Communications
1.650.506.0076
julie.sugishita@oracle.com
About Oracle Academy

As Oracle’s flagship philanthropic educational program, Oracle Academy advances computing education globally to drive knowledge, innovation, skills development, and diversity in technology fields. To this end, Oracle Academy offers students and educational institutions a free and complete portfolio of software, curriculum, hosted technology, faculty trainings, support, and certification resources. The program works with public and private partners to provide the tools educators need to engage, inspire and prepare students to become innovators and leaders of the future. Through Oracle Academy, students receive hands-on experience with the latest technologies, helping make them college and career ready in the era of big data, cloud computing, the Internet of Things, and beyond.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit 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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Julie Sugishita

  • 1.650.506.0076

Podruzhka Brings Strategic Pricing Approach to Russian Drugstore Market

Tue, 2018-08-28 07:01
Press Release
Podruzhka Brings Strategic Pricing Approach to Russian Drugstore Market Specialty Retailer Creates Market Agility with Oracle Retail Solutions and Veltio Integration

Redwood Shores, Calif.—Aug 28, 2018

Specialty retailer Podruzhka has deployed Oracle Retail Planning and Optimization to engage and grow a loyal customer base with competitive pricing. With the help of Oracle Partner Network Platinum Partner Veltio, Podruzhka streamlined a pricing process that offered automation, best practices and flexibility to respond to the market demand with Oracle Retail solutions.  Podruzhka had previously implemented Oracle Retail Demand Forecasting and Veltio Allocation and Execution solutions which led the retailer to further their investment as they sought to improve the accuracy and agility of their pricing strategy.

Podruzhka is uniquely positioned within the Russian drugstore market with 210 stores catered to providing women with inexpensive personal care products, cosmetics, perfumes, jewelry, accessories and cleaning products. Each Podruzhka store carries up to 15,000 SKUs within a compact 140-180 square meter footprint in residential areas, establishing the drugstore as a local staple.

“In the Oracle Retail 4-Dimensions of Retail research, we discovered that 84% of global consumers say that competitive pricing and promotions first and foremost are the most important aspect of their shopping experience,” said Chris James, Vice President EMEA, Oracle Retail. “In Russia, market conditions can change quickly and with Oracle Retail Podruzhka has created ability to manage multiple price zones that appeal to the consumer in the moment of intent.”

“With our responsive pricing approach, we hope to increase customer loyalty through competitive pricing and selling opportunities while respecting the financial targets of the company,” said Alexander Golubev, IT Director, Podruzhka. “Oracle Retail provided us with an industry rich solution with flexibility and scale. Veltio delivered the implementation on-time and on-budget with a deep understanding our business needs.”

“This project was a great milestone for Veltio in the Russian market by highlighting the opportunity of Oracle Retail solutions in regional context. Local market conditions and the crash of the ruble forced Russian retailers to start thinking more about the efficiencies offered by advanced pricing, assortment and supply chain management,” said Kostya Prays, EMEA Business Development Director, Veltio. “We are happy to help retailers like Podruzhka leverage this technology to find a competitive advantage.”

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@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.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. 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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Matt Torres

  • 4155951584

Oracle Cloud Helps Detroit Save $1 Million

Tue, 2018-08-28 07:00
Press Release
Oracle Cloud Helps Detroit Save $1 Million Oracle Cloud revolutionizes operations of one of the country’s oldest water and sewer systems

Redwood Shores, Calif.—Aug 28, 2018

The City of Detroit Water and Sewerage Department, (DWSD), a Michigan municipal utility that provides water and sewer services to the residents of Detroit, today announced major decreases in operational costs along with improved availability and performance after transitioning its traditional on-premise data center to Oracle Cloud. In total, DWSD calculated a 15-17 percent decrease in operational costs since it began its collaboration with Oracle.

Oracle works with numerous state governments and local municipalities to deploy innovative solutions designed to provide government agencies more agility and options as they manage operations and deliver constituent services. These new savings for DWSD further highlight Oracle’s ongoing commitment to modernizing services that impact citizen services.

“Moving to Oracle’s Cloud puts us on a modern database platform for the first time,” said Dan Rainey, CIO, Detroit Water and Sewerage Department. “Oracle is a strategic partner for us and has transformed our platform to be highly available, resilient, and affordable.”

The citizens of Detroit expect improved service delivery and better response to questions about essential services—without the burden of increasing costs. The utility saw an opportunity to meet this need by fully integrating technology into daily work functions to modernize DWSD, enhancing customer service to internal and external users while reducing predictable IT costs. At the same time, DWSD’s Oracle Cloud deployment creates greater flexibility to meet changing requirements from the board and the city. Now, the 185-year-old utility relies on Oracle Database Exadata Cloud Service, Oracle Cloud Infrastructure, Oracle Cloud Platform and Oracle Cloud Applications as the foundation for its digital transformation.

As a result of Oracle Cloud and other tools implemented starting in May 2017, DWSD has reinvested capital dollars, otherwise spent on traditional IT hardware and software, on tools to improve customer service. Cloud technology has proven essential for DWSD in enhancing the level of performance of its systems, transforming the water utility into an organization that provides highly responsive customer service.

“Our work with the city of Detroit is an example of how we can quickly help our public sector customers realize greater efficiencies,” said Mark Johnson, senior vice president, Oracle Public Sector. “By reducing their cost structures with modern technology, DWSD can focus business strategies and priorities toward their number one priority—their customers.”

To support DWSD’s efforts to lower costs and enhance the customer experience, the utility is leveraging a number of additional technologies, including Oracle Database Backup Service, Oracle Integration Cloud, Oracle SOA Cloud, Oracle Storage Cloud and Oracle Business Intelligence Cloud Service.

Contact Info
Katie Barron
Oracle
202.904.1138
katie.barron@oracle.com
Dan Muñoz
Oracle
650.506.2904
dan.munoz@oracle.com
Bryan Peckinpaugh
DWSD
313.410.2954
peckinpaughb@detroitmi.gov
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 Detroit Water and Sewerage Department

The Detroit Water and Sewerage Department (DWSD) serves over 200,000 Detroit residential and commercial customers. DWSD’s water network consists of more than 2,700 miles of transmission and distribution mains and nearly 3,000 miles of sewer collection piping.

To learn more about the Detroit Water and Sewerage Department or to request water services, make payments, or report water problems, call DWSD Customer Care at 313.267.8000 or visit: www.detroitmi.gov/dwsd.

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

  • 202.904.1138

Dan Muñoz

  • 650.506.2904

Bryan Peckinpaugh

  • 313.410.2954

Oracle Innovation Lab Drives Digital Transformation in Construction and Engineering

Thu, 2018-08-23 07:00
Press Release
Oracle Innovation Lab Drives Digital Transformation in Construction and Engineering New facility empowers development of solutions shaping the future of project delivery

Deerfield, Ill.—Aug 23, 2018

Oracle Construction and Engineering today unveiled its Innovation Lab, a unique facility designed to accelerate efforts to help project- and asset-intensive organizations explore the latest technologies and drive digital transformation.

A simulated project worksite with integrated technologies, the Construction and Engineering Innovation Lab enables visitors to interact with leading-edge solutions, including connected devices, autonomous vehicles, drones, augmented reality, visualization, and artificial intelligence tools. By presenting these hands-on experiences within a simulated connected worksite, the Innovation Lab is able to powerfully bring to life the performance improvements and data insights these technologies can deliver.

“Advances in technology are reshaping the industry landscape at an accelerating pace. Our Innovation Lab enables organizations to experience firsthand how new technologies can help drive better project outcomes in critical areas such as safety, productivity and quality,” said Mike Sicilia, senior vice president and general manager of Oracle Construction and Engineering. “We are excited to welcome our current and prospective customers, partners, the academic community and others to our Innovation Lab to help them experience the future of projects.”    

The vision for the Innovation Lab, which is located outside Chicago in Deerfield, Ill., was shaped in part by input from several Oracle Construction and Engineering customers as well as technology providers. The Innovation Lab experiences will feature technologies that integrate with Oracle solutions to enable collaboration and unlock critical project intelligence to enhance outcomes and drive continuous improvement.

Technology providers that will participate in the Innovation Lab at launch include:

  • Assemble Systems, an Autodesk company, provides a SaaS solution that enables construction professionals to condition, query and connect BIM data to key workflows across bid management, estimating, scheduling, site management and finance.

  • Bosch is empowering more productivity on the job site through their connected tools and asset solutions.

  • DAQRI empowers workforces by linking digital content to the real world to accelerate productivity, communication, and key business processes.

  • HERE, the Open Location Platform company, enables people, businesses and cities to harness the power of location. By making sense of the world through the lens of location, HERE empowers its customers to achieve better outcomes.

  • Jovix, a material readiness application developed by Atlas RFID for the construction market, keeps crews productive with accurate and real-time information about material availability relative to the construction plan and schedule.

  • Reconstruct provides a 3D timeline that tracks visual progress, labor productivity, and predictive analytics that empower executives and their project teams to take actions to stay on time and on budget.

  • Triax’s platform connects the construction jobsite and provides real-time visibility into workers, safety, equipment, and asset management.

  • In addition, the Innovation Lab will feature a demonstration of Oracle Live Experience Cloud, showcasing modern engagement for cross-worksite experiences.

“Oracle Construction and Engineering continues to drive digital transformation with initiatives such as our new Innovation Lab, empowering customers with the technology and insights they need to improve outcomes across the project and asset lifecycle. Oracle will continue to collaborate with our customers and partners to foster new advancements that help organizations navigate challenges and capitalize on new opportunities,” added Sicilia.

Contact Info
Judi Palmer
Oracle
+1.650.784.7901
judi.palmer@oracle.com
Brent Curry
H+K Strategies
+312.255.3086
brent.curry@hkstrategies.com
About Oracle Construction and Engineering

Asset owners and project leaders rely on Oracle Construction and Engineering solutions for the visibility and control, connected supply chain, and data security needed to drive performance and mitigate risk across their processes, projects, and organization. Our scalable cloud solutions enable digital transformation for teams that plan, build, and operate critical assets, improving efficiency, collaboration, and change control across the project lifecycle. www.oracle.com/construction-and-engineering.

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

Judi Palmer

  • +1.650.784.7901

Brent Curry

  • +312.255.3086

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