Hamartia Antidote
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Some background. Autonomous databases are basically maintained by an AI DBAdmin. It is expected most DBs will eventually be AI maintained.
https://www.forbes.com/sites/oracle...orical-perspective-its-so-much-different/amp/
On Oracle’s second-quarter earnings call on December 12, Chairman and CTO Larry Ellison was asked by one analyst to put into historical context the company’s latest technology breakthrough, Oracle Autonomous Database.
Ellison went all the way back to Oracle’s origin 40 years ago, to its introduction of the world’s first commercial relational database, to find a comparable technology shift.
That turned this company from an idea to the company that manages most of the world’s information,” Ellison said. “So I would say Autonomous Database is that same kind of thing.”
The technology leap this time is that the cloud-based Oracle Autonomous Database is self-driving—it takes care of previously manual, error-prone tasks such as system patching, updating, securing, configuring, and tuning, all without downtime and human intervention.
“It’s so much different, so much safer to use, so much more reliable than anything else that’s in the market,” Ellison said on the earnings call. “I think everyone is going to use it—virtually everyone is going to use it.”
OK, but how soon? the analyst asked.
Ellison acknowledged it will take some time for organizations to test and get comfortable with this next-generation technology, which Oracle launched in 2018. But thousands of customers already use Oracle Autonomous Database, and the existing Oracle Database is the foundation for Oracle Autonomous Database, making it easy for customers to shift existing workloads to it.
Ellison described Oracle’s strategy for selling its self-driving database as “land and expand.” It’s focused on starting with small deals, confident that organizations will want more capacity once they see the autonomous database’s performance, security, and cost advantages. And since it’s cloud-based infrastructure, companies can add capacity on demand.
“We think the best-selling technique for Autonomous Database is: ‘Try it,’ Ellison said.
Oracle CEO Safra Catz noted a related technology milestone this past quarter: the first deployment of technology that allows Oracle’s Gen 2 cloud database infrastructure to run inside a company’s own data center. That control is important to companies in highly regulated industries such as banking, pharmaceuticals, and government.
Oracle’s Gen 2 Exadata Cloud at Customer infrastructure was fully deployed and operating in the customer’s data center in just four days, and Oracle expects future deployments will happen even faster. “No other cloud provider has the right technology to actually do this,” Catz said.
Overall, Oracle announced that its fiscal 2020 second-quarter operating income rose 3% from the year-earlier quarter, to $3.2 billion, on 1% higher revenue of $9.6 billion. The company’s cloud services and license support revenues totaled $6.8 billion in the quarter, while its cloud license and on-premises license revenues totaled $1.1 billion.
Cloud ERP: The Other Pillar
Ellison reiterated something he has said on recent earnings calls: Two products will determine the company’s future, its autonomous database and its cloud-based ERP applications.
Oracle’s two cloud ERP suites, which manage customers’ financial processes, is the more established product group, with more than 7,000 customers for Oracle ERP Cloud and more than 20,000 customers for Oracle NetSuite. Oracle Fusion ERP revenues grew 37% and NetSuite ERP revenues grew 29% in the quarter compared with a year ago. “We are very, very comfortable that we will be the overwhelming winner in this generation cloud ERP business,” Ellison said.
In addition, the company increasingly sees customers that buy Oracle ERP Cloud also buy Oracle Human Capital Management Cloud for their HR needs. “And we’re beginning to see that same integrated suite strategy beginning to drive sales of CX—customer experience—applications in sales and service and in marketing,” Ellison said.
Companies that once took a wait-and-see approach on whether to move their on-premises ERP applications to the cloud now have the confidence to follow through, Catz said.
“What happens in our business is that once you are sort of obviously reference-able, it becomes much, much easier for other potential customers to move ahead,” Catz said. “… And so for us, this is going to be success leads to more success. It’s an incredibly virtuous circle.”
Safe Harbor Disclaimer: The preceding is intended to outline our general product direction. It is intended for informational purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.
Statements in this article relating to Oracle’s future plans, expectations, beliefs, intentions, and prospects, including statements regarding future sales growth of Oracle Autonomous Database, Oracle’s Gen 2 Exadata Cloud at Customer and Oracle’s ERP and HCM products, are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/investor. All information in this article is current as of December 12, 2019, and Oracle undertakes no duty to update any statement in light of new information or future events.
https://www.forbes.com/sites/oracle...orical-perspective-its-so-much-different/amp/
On Oracle’s second-quarter earnings call on December 12, Chairman and CTO Larry Ellison was asked by one analyst to put into historical context the company’s latest technology breakthrough, Oracle Autonomous Database.
Ellison went all the way back to Oracle’s origin 40 years ago, to its introduction of the world’s first commercial relational database, to find a comparable technology shift.
That turned this company from an idea to the company that manages most of the world’s information,” Ellison said. “So I would say Autonomous Database is that same kind of thing.”
The technology leap this time is that the cloud-based Oracle Autonomous Database is self-driving—it takes care of previously manual, error-prone tasks such as system patching, updating, securing, configuring, and tuning, all without downtime and human intervention.
“It’s so much different, so much safer to use, so much more reliable than anything else that’s in the market,” Ellison said on the earnings call. “I think everyone is going to use it—virtually everyone is going to use it.”
OK, but how soon? the analyst asked.
Ellison acknowledged it will take some time for organizations to test and get comfortable with this next-generation technology, which Oracle launched in 2018. But thousands of customers already use Oracle Autonomous Database, and the existing Oracle Database is the foundation for Oracle Autonomous Database, making it easy for customers to shift existing workloads to it.
Ellison described Oracle’s strategy for selling its self-driving database as “land and expand.” It’s focused on starting with small deals, confident that organizations will want more capacity once they see the autonomous database’s performance, security, and cost advantages. And since it’s cloud-based infrastructure, companies can add capacity on demand.
“We think the best-selling technique for Autonomous Database is: ‘Try it,’ Ellison said.
Oracle CEO Safra Catz noted a related technology milestone this past quarter: the first deployment of technology that allows Oracle’s Gen 2 cloud database infrastructure to run inside a company’s own data center. That control is important to companies in highly regulated industries such as banking, pharmaceuticals, and government.
Oracle’s Gen 2 Exadata Cloud at Customer infrastructure was fully deployed and operating in the customer’s data center in just four days, and Oracle expects future deployments will happen even faster. “No other cloud provider has the right technology to actually do this,” Catz said.
Overall, Oracle announced that its fiscal 2020 second-quarter operating income rose 3% from the year-earlier quarter, to $3.2 billion, on 1% higher revenue of $9.6 billion. The company’s cloud services and license support revenues totaled $6.8 billion in the quarter, while its cloud license and on-premises license revenues totaled $1.1 billion.
Cloud ERP: The Other Pillar
Ellison reiterated something he has said on recent earnings calls: Two products will determine the company’s future, its autonomous database and its cloud-based ERP applications.
Oracle’s two cloud ERP suites, which manage customers’ financial processes, is the more established product group, with more than 7,000 customers for Oracle ERP Cloud and more than 20,000 customers for Oracle NetSuite. Oracle Fusion ERP revenues grew 37% and NetSuite ERP revenues grew 29% in the quarter compared with a year ago. “We are very, very comfortable that we will be the overwhelming winner in this generation cloud ERP business,” Ellison said.
In addition, the company increasingly sees customers that buy Oracle ERP Cloud also buy Oracle Human Capital Management Cloud for their HR needs. “And we’re beginning to see that same integrated suite strategy beginning to drive sales of CX—customer experience—applications in sales and service and in marketing,” Ellison said.
Companies that once took a wait-and-see approach on whether to move their on-premises ERP applications to the cloud now have the confidence to follow through, Catz said.
“What happens in our business is that once you are sort of obviously reference-able, it becomes much, much easier for other potential customers to move ahead,” Catz said. “… And so for us, this is going to be success leads to more success. It’s an incredibly virtuous circle.”
Safe Harbor Disclaimer: The preceding is intended to outline our general product direction. It is intended for informational purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.
Statements in this article relating to Oracle’s future plans, expectations, beliefs, intentions, and prospects, including statements regarding future sales growth of Oracle Autonomous Database, Oracle’s Gen 2 Exadata Cloud at Customer and Oracle’s ERP and HCM products, are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/investor. All information in this article is current as of December 12, 2019, and Oracle undertakes no duty to update any statement in light of new information or future events.
