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Oracle relays major SaaS and IaaS developments

By Jonnah Pante & Azizul Rahman Ismail - on 14 Nov 2016, 10:20am

Oracle relays major SaaS and IaaS developments

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The Oracle OpenWorld saw two major announcements regarding Oracle's strategy for its next generation Software-as-a-Service (SaaS) Cloud offering and its introduction of the broadest array of Infrastructure-as-a-Service (IaaS) offering in the industry.

Oracle’s SaaS Cloud offerings are said to blend third-party data with real-time analytics and behavioral inputs to create intelligent Cloud Applications that adapt and learn. The solution called Adaptive Intelligent Applications will have direct benefits for functional business units such as finance, human resource, marketing and commerce, and supply chain.

“Within the foreseeable future, every enterprise application will be a smart application that intuitively learns from interactions with an enterprise’s data. Oracle’s new Adaptive Intelligent solutions take this value proposition a step further. They are set apart from others by allowing the intelligent applications to learn from billions of anonymized consumer and business profiles available from Oracle,” said Dave Schubmehl, research director of cognitive systems and content analytics for IDC. 

Building on its of Cloud Applications, Oracle expanded its SaaS portfolio with additional new Cloud Applications and enhancements which includes: Oracle Engagement Cloud, which is a part of Oracle’s Customer Experience Cloud portfolio; Oracle Financial Consolidation and Close (FCCS) Cloud, which enables Chief Financial Officers at organizations of all sizes to minimize risk, provide transparency, and ensure accurate results of the close; and Oracle Revenue Management Cloud, which increases visibility into the status and value of contracts, delivers compliant revenue recognition, and creates configurable and auditable revenue entries.

“A company’s data is its most valuable weapon. To remain competitive today, companies must access their information in real time to intelligently forecast and grow,” said Steve Miranda, Oracle’s executive vice president of applications development.

Also new to the portfolio are Oracle Student Cloud’s new Oracle CX for Higher Education; Oracle Human Capital Management Cloud’s latest release that provides healthcare solutions to manage complex labor rules and contractual terms; Oracle Internet of Things Cloud, which collects data and conducts analysis in real time; and Oracle Supply Chain Management Cloud updates, which enable increased flexibility, reduced costs, and improved performance and visibility across the business.

The new additions to the Oracle Cloud Platform, which is said to be the broadest array of IaaS offering in the industry, enables customers to get the best of both multitenant and single-tenant environments and include Oracle Bare Metal Cloud Services, Oracle Ravello Cloud Service, Oracle Container Cloud Service, and enhancements to existing Oracle Cloud services.