Oracle Cloud World 2022: The Biggest Announcements to Embrace Easy-reach Technology
Author: Gurmeet Bhatia | 7 min read | November 29, 2022
Oracle hosted its flagship event CloudWorld in Las Vegas from October 17–20th. This event delivered new thinking, new releases, 1,200+ content sessions, and 1500+ global Oracle experts and customers. The event saw keynotes from CEO Safra Catz and co-founder and CTO Larry Ellison as well as success stories from NVIDIA, Oracle Red Bull Racing, Deutsche Bank, and more.
In addition, Oracle made several major announcements and launches at CloudWorld 2022. Sneak peek into the new solutions, innovations, and capabilities that the company unveiled this week at the conference.
New Cloud Infrastructure Platform – Alloy
“We are excited about Oracle’s vision to help its partners and customers with a comprehensive platform to manage and customize its cloud resources, which will provide broader access to public cloud innovation across the cloud spectrum. This will enable us to unlock new opportunities for growth,” said Gurmeet Bhatia, President of Enterprise Applications at Datavail.
One of the key announcements at the event was the new cloud infrastructure platform called Alloy, which will enable organizations such as financial institutions, telcos, and other sectors as well as system integrators (SIs) to become ‘cloud providers’ and roll out Oracle Cloud Infrastructure (OCI) services to their customers.
This means that companies can use Alloy independently in their own data centers and fully control their operations to help address specific regulatory requirements.
New Oracle Fusion Offerings
This week, Oracle revealed a list of updates for the Oracle Fusion suite of enterprise applications.
Oracle added 15 baselines, artificial intelligence models, to Oracle Unity, a customer data platform (CDP) inside Oracle Fusion Cloud Customer Experience (CX). The new AI models can predict behaviors and offer recommendations for users in consumer-packaged goods, communications, financial services, health care, utilities, and other industries.
The vendor introduced Asset-Based Service for High Tech and Manufacturing for Oracle Fusion Cloud Applications Suite. The new offering aims to help improve customer satisfaction, reduce costs, and grow revenue through getting the most out of the service life cycle management of assets, and minimizing unplanned downtime, according to Oracle.
Oracle Recruiting Booster is a new hiring offering included in Oracle Fusion Cloud Human Capital Management. This new version of Oracle Recruiting adds hiring event promotion and support, two-way messaging for recruiters and candidates, and a better way to manage interview scheduling, according to Oracle.
Enhanced Analytics Solutions
Oracle introduced new capabilities and functionalities in Oracle Fusion Analytics across CX, ERP, HCM, and SCM pillars, providing decision-makers with a prebuilt library of more than 2,000 best-practice KPIs, dashboards, and reports.
Designed to improve enterprise productivity, the latest innovations in Oracle Analytics Cloud (OAC) are designed to minimize users’ reliance on IT teams, while still ensuring they benefit from curated data assets created by IT, such as the centralized semantic model.
OAC also now has advanced composite visualizations, making it easier to interpret data. Built using augmented intelligence and machine learning, the solution develops and delivers data visualizations and analyses.
Expanding Partnership With Nvidia
Oracle and Nvidia have today refreshed their long-standing partnership and will continue working together to accelerate development and improve workloads across several industries. Oracle entered an expanded, multi-year partnership with chip company Nvidia to help its customers accelerate the adoption of AI and its cloud infrastructure.
Through this partnership, Oracle plans to use tens of thousands of Nvidia’s GPUs, including the A100 and upcoming H100, to accelerate the pace of computing and AI advancements in its cloud infrastructure. The collaboration will bring Nvidia’s full accelerated computing stack — from GPUs to systems to software — to Oracle Cloud Infrastructure (OCI).
“Our expanded alliance will deliver the best of both companies expertise to help customers across industries — from healthcare and manufacturing to telecommunications and financial services — overcome the multitude of challenges they face,” said Safra Catz, CEO, of Oracle.
Healthcare Innovation – The Core of Oracle’s Innovation Strategy
Healthcare-focused updates were a key talking point at the event on how cloud and artificial intelligence (AI) can be leveraged to drive seamless technology adoption, especially after the covid pandemic.
Oracle updated its Fusion Cloud suite of cloud-based business applications with a set of new capabilities focused on the healthcare sector and hi-tech industries.
The additions include Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), which is aimed at helping healthcare organizations improve patient care. The company also released specialized HR solutions in Oracle Cloud HCM to enable healthcare firms to better develop, support, and empower staff, improving patient experiences.
“With industry-specific planning capabilities in Oracle Cloud EPM, healthcare organizations can embrace best practices and leverage innovative technologies to enhance insight, optimize planning and forecasting, reduce costs, and improve patient care,” said Matthew Bradley, the senior vice president of applications development at Oracle.
Cloud Evolution and Open Multi-Cloud Ecosystem
Oracle is committed to supporting an open multi-cloud ecosystem that allows users to leverage multiple cloud providers (OCI, AWS, Azure, Google). Larry Ellison’s keynote referred to this capability as an “internet of clouds.” To that end, Oracle has partnered with Microsoft to deliver (free) Oracle and Microsoft Multi-Cloud Interconnect, which allows users to seamlessly transcend Oracle Cloud Infrastructure (OCI) and Azure cloud services too, for example, run applications in Azure that access an Oracle database deployed on OCI.
Oracle’s cloud services portability has applicability in higher education, allowing leading-edge databases such as MySQL HeatWave to be deployed using non-Oracle cloud services such as Azure via Oracle MySQL HeatWave for Microsoft Azure.
This service is generally available and allows customers to use AWS and Oracle from the same console and interconnect databases and applications across cloud services.
Watch Oracle CloudWorld 2022 Keynotes
Did you miss Oracle Cloud World 2022? Catch up on all the CloudWorld keynotes on demand here.
Want to learn more about what these Cloud announcements mean for your organization’s systems? Contact our expert Cloud specialist to understand how technology can drive business innovation and growth for your organization.
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