During the recent Oracle CloudWorld 2023 event in Las Vegas, Oracle took the stage to unveil substantial updates with respect to its AI strategies. The company made a bold move into the domain of multicloud integration through a strategic partnership with tech giant Microsoft. It simultaneously voiced its keen interest in the responsible utilization of data to fuel AI-driven innovations and facilitate informed decision-making within the business landscape.
Oracle boasts an extensive portfolio of business solutions, encompassing diverse areas such as ERP, HCM and specialized domains like healthcare and finance. This extensive suite serves as an enormous reservoir of invaluable data. TK Anand, who brings over two decades of experience from his tenure at Microsoft, now presides over Oracle Cloud Infrastructure’s data analytics platform. He highlights the persistent challenge faced by many customers.
Anand emphasized what sets Oracle apart from other cloud providers. Oracle seamlessly combines cloud platform infrastructure with cloud business applications. This fusion is pivotal in shaping their analytics strategy.
For the past four years, Anand has overseen the data-agnostic analytics segment within Oracle Cloud Infrastructure. This means customers can leverage Oracle’s analytics tools for various data sources, whether stored in Oracle databases or brought in from on-premises systems.
Oracle’s data treasure trove extends beyond mere raw data. It possesses inherent contextual significance, enabling the creation of customized analytics and Software as a Service (SaaS) solutions. The primary emphasis lies in the incorporation of machine learning into these solutions, with the ultimate goal of propelling predictive analytics rather than limiting the scope to descriptive analytics.
Anand stressed the importance of making data-driven insights accessible to everyday business users. To achieve this, Oracle employs Fusion Intelligent Applications, which have been particularly successful in the healthcare industry. These applications address real-world problems through data-driven solutions.
