Oracle introduces new innovations to cloud services | Digital Asia
- Has embedded AI, machine learning, IoT, and blockchain into its SaaS cloud services
- Encourages conventional business to move onto the cloud
ORACLE has introduced new technologies into its cloud business applications and extended the capabilities that allow customers to build upon them.
The innovations includes intelligent process automation, an expense reporting assistant, as well as an intelligent payments, a supplier recommendations and intelligent performance management system along with, advance access control on its Software as a Service (SaaS) portofolio. The tech giant also introduced Oracle Enterprise Resource Planning (ERP) cloud and Enterprise Performance Management cloud (EPM).
Oracle Indonesia head of applications Imam Muhammed (pic, right) says that Artificial Intelligence (AI) and machine learning, natural language processing, blockchain, and IoT are embedded into the app to enhance productivity, reduce cost, and improve control.
“Compared to our legacy cloud platform, our new platform enables customers to better their maintenance and there is no longer a need to have their own data centre.”
Other innovations on its latets SaaS portfolio include Oracle Digital Assistant, New AI-powered Oracle Human Capital Management (HCM) cloud, and Oracle CX Unity (provides a comprehensive view into customer interactions across channels and applications).
Oracle embedded machine learning into its security offerings in order to help detect security threats. It also combined machine learning with decades of database optimisation to deliver a self-driving database.
Imam added that Oracle is now focusing on encouraging its existing customers to move from the legacy platform to the new, enhanced platform.
Oracle chief executive officer Mark Hurd, said, “We had a great fourth quarter with total revenues of more than US$200 million above our constant currency forecast. Our strategic Fusion ERP and HCM SaaS cloud applications suite revenues grew over 50% in the fourth quarter, and we expect continued strong growth from our Fusion SaaS suites throughout FY19.”
Changing the perspective
In Indonesia, Oracle has worked extensively with a number of local enterprises that have implemented a combination of Oracle Applications including ERP and Oracle Cloud Platform to power their businesses, namely Serba Mulia Auto, Bizzy Commerce (startup), and Kalla Group.
Imam explains that the company faces challenges in changing mindsets in terms of implementing cloud.
“Conventional businesses tend to think that they will lose ownership of data once they move onto the cloud. We need to build their trust and let them know it is even more secure and manageable if its on the cloud.”
Imam says it is easier for technology-driven companies rather than conventional businesses to move onto the cloud since they are ready with the ecosystem.