Here are 10 quotes that capture Day 1 highlights at Oracle Cloud World 23.
1. Generative AI is changing everything.
“Is Generative AI the most important development in computing in our lifetime? Probably. Generative AI changes everything” – Larry Ellison, Chairman of the Board & Chief Technology Officer
Oracle made multiple announcements about the first wave of Fusion generative AI capabilities, developed with partner, Cohere. (Press Release here)
2. Co-Innovation with Uber (Uber Direct)
“Uber Eats is now as big as Uber Ride. We’ve become much more than a ride share company. We’re a go-get company” – Dara Khosrowshahi, CEO, Uber (and Oracle customer.)
Oracle announced co-innovation with Uber which provides a connection between retailers and consumers to enhance and enrich ‘last mile delivery.’ Says Khosrowshahi (during his interview during with Safra Catz, Oracle CEO), “One of the businesses we are most excited about is Uber Direct. Today we have 6M drivers who deliver people, food and groceries. We can do the same for on-demand delivery of products.” Uber Direct allows retailers to send out products (and collect returns) same-day. (Press Release here.)
3. Healthcare is a top priority
“Healthcare (and the Oracle Data Intelligence Platform) is the most important thing we’re working on at Oracle.” – Larry Ellison
Oracle announced next-gen EHR (electronic health records) cloud capabilities focused on reducing clinician burden and improving the patient experience with easy-to-use consumer applications, as well as new tools for AI-driven digital assistants for health. (Press Release here.)
4 & 5. Evolution from Software to Services Company
“New releases used to be scary for customers. Now people are excited. They see it less as a chore and more of a benefit. Every 90 days Fusion has new capabilities.” – Safra Catz, Chief Executive Officer
“When you meet customers this week ask them 2 questions:
1. “What was the product like when you bought it versus now?
2. Big implementations are difficult. Where did Oracle help you?” – Steve Miranda, Executive Vice President, Applications Development
As announced last year, Oracle continued to illustrate their evolution from a software to services / customer-first organization. Oracle provides all customers 4 releases / year, and has an infrastructure which allows them to quickly rollout new tools (Generative AI – a big example) across the platform. Their latest release is due out later this year and will contain many of the features announced at the conference.
6. Industry Clouds & Security
“We are the largest custodian of Health Records in the world, and we have to defend that responsibility well. That is why we take data privacy and security so seriously as we think about Generative AI. – Mike Sicilia, Executive Vice President, Global Industries
Oracle has continued their development and segmentation with industry-specific clouds and has 100k customers in 160 countries.
(Press Release on Oracle data security here.)
7. How Oracle’s approach to AI is different
“What differentiates our AI from our peers is the completeness of the SaaS suite and a platform that keeps it all secure. It’s embedded in the product (not a bolt-on) – Clay Magouyrk, Executive Vice President, Oracle Cloud Infrastructure Development
8. HCM—great software isn’t enough. It’s about adoption.
“It’s one thing to ship a great product, but our focus goes beyond that to adoption.” – Chris Leone, Executive Vice President, Oracle Applications Development (on HCM Cloud)
Oracle HCM Cloud now has 45M Cloud Users, 75% Oracle ME adoption, 80% Talent Adoption, 75% Payroll Adoption, won Top HR Product (HR Executive) in 2022 and 2023, and is rolling out the following AI in the Q4 release:
9. HCM Customer Impacts: Empowerment
“One of the biggest changes for us when we implemented the Oracle HCM suite is that our business leads never had the ability to make decisions in the system before, and the new governance structure empowered them —and us in HR!” – TriNet Health Systems on their Oracle HCM Cloud implementation
TriNet presented on their selection and implementation of Oracle HCM Cloud.
10. Mastercard & HSBC Partnerships for Oracle Cloud ERP (Financial & Supply Chain Suite)
“Business-to-consumer transactions have been getting faster and easier for years, but B2B transactions remain incredibly complex and inefficient,” said Rondy Ng, executive vice president of Applications Development, Oracle. “Our partnerships with Mastercard and HSBC and the global banking community are revolutionizing how organizations transact, allowing our customers to manage cash, access credit, and secure financing, all within Oracle Cloud ERP.”
Oracle and Mastercard announced new partnerships with HSBC and MasterCard to help enterprise customers automate end-to-end business-to-business (B2B) payment transactions. The partnership allows Oracle to directly connect Oracle Fusion Cloud Enterprise Resource Planning (ERP) with banks to streamline and automate the entire B2B finance and payment process.