Oracle CloudWorld 2023 Highlights the Transition from a Products to a Services Company

Oracle CloudWorld 2023 Highlights the Transition from a Products to a Services Company

This IDC Market Note provides insights into Oracle CloudWorld 2023. Held September 18–21 in Las Vegas, Nevada, the event marked a significant shift for Oracle, moving from a traditional product-oriented approach to becoming a services provider. This transformation is vital in a rapidly changing technological landscape, with artificial intelligence, machine learning, and emerging technologies taking center stage. Oracle CloudWorld served as a platform for businesses to explore the latest trends in cloud computing and understand how these technologies can revolutionize their operations. Key announcements at the event included advancements in payment services, AI-driven decision support tools, talent acquisition, Oracle Cloud Infrastructure, Fusion Analytics, and healthcare. These developments showcase Oracle's dedication to staying at the forefront of the industry.Oracle Cloud Maintenance (OCM) also took the spotlight, offering a comprehensive asset life-cycle management solution that includes ERP, supply chain management, IoT, and field service. OCM provides a "single source of truth about assets" and automates asset management processes, enhancing efficiency across manufacturing and supply chains. Successful implementations were showcased, illustrating how OCM — in conjunction with cloud, IoT, and AI — improves maintenance planning and repair operations, ultimately boosting productivity. These initiatives at Oracle CloudWorld reflect Oracle's commitment to adapting and evolving in response to changing industry dynamics and technological advancements.Oracle CloudWorld brought forward much in terms of innovation and new methodologies to work in your organization. In addition, attendees enjoyed the sessions, asked excellent questions, and were excited to see new offerings. Oracle CloudWorld 2023 brought forward a new level of enthusiasm by attendees not seen since before COVID-19. All indications are Oracle has set up its clients and prospects for the digital world, providing innovation to help them move beyond the systems of yesteryear.

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