Last week was a busy one for the VIP Apps Consulting team attending Oracle OpenWorld 2017.
Over 4 days of sessions, meetings with clients and other partners, we had the opportunity to plunge into the exciting future of Oracle.
Following Oracle’s 2016 commitment to the cloud, at this year’s show, emerging technologies were a huge focused. From blockchain to adaptive intelligence to IoT, these emerging technologies are now not just part of the Oracle cloud vision, but have become reality!
Here are our top 4 Oracle innovation takeaways that will bring significant impact to the financial services industry:
Cloud: while in 2016, Oracle CTO Larry Ellison, started his session a chatbots demonstration, this year, coincidence with Oracle revenue climbing 62 percent pushed by cloud-based applications, Larry Ellison emphasised Oracle bet on the cloud as the future placing much focus on the performance of their cloud platform. Ellison particularly stressed that Oracle can demonstrate experience with traditional enterprise workload while other competitors can’t, predicting that Oracle can win the cloud wars against other the top contenders (Amazon, Microsoft, IBM and Google)
Blockchain Cloud Service and Security: the solution provides preassembled blockchain code that it is optimised for many standard business processes, including ERP transactions that traditionally require third-party validation. In Larry Ellison’s keynote, cybersecurity was one of the key themes and with the growth in blockchain adoption, enterprises need more security and efficient digital transaction systems.
Cloud applications infused with Artificial Intelligence: built into the existing cloud applications, this innovation will deliver the industry’s most powerful AI-based modern business applications. The new Oracle Adaptive Intelligent Apps offer immediate impact within Oracle ERP Cloud, significantly extended the breadth and depth of the solutions, providing smart and timely insights to end users. These capabilities make the decision-making process simpler and more efficient.
Chatbot and human interface: Thomas Kurian’s presentation introduced AI- powered intelligent bots that will help companies’ engagement between customers and employees, addressing the need business have for smart and personalised ways to connect with customers via mobile devices.
Which were your favourite sessions or keynotes? In case you miss some of the sessions, you can watch them on demand here.
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