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More Than 60% of Drug Safety Experts Plan to Use AI to Improve the Speed and Security of Adverse Event Case Processing

Thu, 2018-03-22 07:00
Press Release
More Than 60% of Drug Safety Experts Plan to Use AI to Improve the Speed and Security of Adverse Event Case Processing Research reveals the life sciences industry is adopting new technologies to automate safety processes and drive down costs, while staying compliant

Redwood Shores, Calif.—Mar 22, 2018

New research conducted in partnership with Informa Engage/Pharma Intelligence reveals that 62% of drug safety experts have implemented or plan to implement Artificial Intelligence (AI) to improve adverse event processing. The findings point to an industry-wide push for a faster, more accurate, and more secure approach to pharmacovigilance using new technologies.

The success of pharmacovigilance efforts hinges on the ability to spot risks early, manage them effectively, and comply with increasingly complex regulations. Drug safety teams view AI as a means to achieve this, and have already begun to explore its potential:

  • 27% have or plan to implement AI for quality assurance
  • 23% have or plan to implement AI for follow-up processing
  • 19% have or plan to implement AI for faster reporting

Andrea Charles, Editor, Custom Content, Informa Pharma Intelligence said, "Safety teams are under immense pressure to work quickly and accurately, but their biggest concerns are patient safety and the protection of their data. They need a robust approach to pharmacovigilance that allows them to work faster while maintaining a high standard of accuracy and security, which is why they are replacing and enhancing their systems with advanced technologies that are fit for the job.”

The research also reveals an industry-wide shift towards cloud-based systems to improve security. Almost 60% of respondents already have safety solutions in the cloud or are planning to move there within the next two years.

Bruce Palsulich, VP of safety product strategy for Oracle Health Sciences, said, “With the increase in adverse events reported, and the flat growth in resources to manage safety case processing, pharmacovigilance teams are under extreme pressure to do more with less. Fortunately, adverse event processing is becoming faster and smarter with the help of AI and the cloud. Both technologies are helping drug safety experts to improve quality and accuracy in the handling of the data they work with, and drive down their reporting costs. The time is ripe for wider adoption, and it’s encouraging to see the industry embrace new ways of working that will benefit them and the public.”

For this study, data was gathered from 153 professionals (director level and above) with titles including regulatory affairs, risk management, head of pharmacovigilance and adverse event case reporting, within pharmaceutical companies, CROs and sponsors from around the globe (North America, Europe, Asia Pacific, South America, Middle East and Africa). The data was gathered from November 2017 to December 2017.

On 22 March 2018 at 11:00 a.m. ET, Oracle Health Sciences and Pharma Intelligence will host a webcast to explore these trends in detail. Experts from both organizations will outline the forces behind the uptake of AI and cloud-based systems in the drug safety sector, and share insight into how these technologies will improve pharmacovigilance efforts. Click here for more information and to register for the live webcast.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Phebe Shi
Burson Marsteller for Oracle
+1 415.591.4032
phebe.shi@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe, and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes, helping to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017) and the number one provider of eClinical solutions (Everest Group, 2017), powered by the number one data management technology in the world (Gartner, 2017), Oracle Health Sciences is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech, and 10 of the top 10 CROs for clinical trial and safety management around the globe.

About Pharma Intelligence

Informa Pharma Intelligence powers a full suite of analysis products - Datamonitor Healthcare, Sitetrove, Trialtrove, Pharmaprojects, Medtrack, Biomedtracker, Scrip, Pink Sheet and In Vivo – to deliver the data needed by the pharmaceutical and biomedical industry to make decisions and create real-world opportunities for growth. With more than 500 analysts keeping their fingers on the pulse of the industry, no key disease, clinical trial, drug approval or R&D project isn’t covered through the breadth and depth of data available to customers. For more information visit pharmaintelligence.informa.com.

About Informa Engage

Informa Engage is the marketing research arm for Informa Pharma Intelligence. We connect marketers with B2B decision makers. By combining unrivaled reach, deep knowledge of specialist markets and sophisticated marketing, we engage buyers – activating real results for marketers.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Valerie Beaudett

  • +1 650.400.7833

Phebe Shi

  • +1 415.591.4032

Oracle Opens State-of-the-Art Cloud Campus in Austin, Texas

Thu, 2018-03-22 07:00
Press Release
Oracle Opens State-of-the-Art Cloud Campus in Austin, Texas

Redwood Shores, Calif.—Mar 22, 2018

Oracle unveiled its new Austin, Texas campus as a sales innovation customer experience hub to support increasing demand for Oracle Cloud and attract top talent to service the business.

“Oracle is expanding in Austin to attract, hire and train the best talent to support the unprecedented growth of our cloud business,” said Oracle Chief Executive Officer Mark Hurd.  “This campus will help enable our customers to accelerate their Oracle Cloud adoption and drive success.”

The Austin complex features a 560,000-square-foot facility and spans 40 acres of Lady Bird Lake waterfront property that could ultimately support a workforce of up to 10,000. The campus also includes the adjacent 295-unit Azul apartment building for employees and the general public.

The new campus will feature a variety of design elements and amenities including:

  • Dining: Full service restaurant, Starbucks, food truck court
  • Health: Fitness center, beach volleyball and basketball courts, flag football field, B-cycle station, access to Lady Bird Lake hike and bike trail
  • Business: Training center, conference center, tech bar, innovation lab, interactive customer demo rooms
  • Collaboration Spaces: Game rooms, landscaped balconies, terraces and outdoor areas
  • Culture: Themed floors highlighting aspects of Austin’s culture including local art, music and murals.

“As a hub of innovation, Oracle’s new campus will be right at home in Austin, a city where good ideas become real,” said Austin Mayor Steve Adler.

Texas Governor Greg Abbott said, “On behalf of the state of Texas, I want to congratulate Oracle on the opening of their new campus. Texas is a growing hub for tech jobs and innovation, and I am pleased to see Oracle grow their investment here. Together, we will elevate the Lone Star State to new heights and expand economic opportunities for all Texans.”

The new campus will be a center of sales innovation. It will largely house cloud sales professionals, including “Oracle Digital Class Of,” a program that hires new university graduates and provides them significant resources and training, and the ability to develop a successful career path. “Oracle Digital Class Of” recruits from top colleges across the country. Previously focused on sales and technical resources, the program is expanding to encompass customer success and consulting. Recent graduates have chosen to join Oracle because of its immersive training programs located in desirable locations such as Austin.

Oracle’s Austin campus is the launch pad for the company’s Next Generation Contact Center (NGCC), which is built on the Oracle Sales Cloud platform and applications running on Oracle’s IaaS. NGCC enhances the customer experience by eliminating administrative tasks and providing real-time account intelligence. Set for company-wide deployment, NGCC provides Oracle sales representatives with tailored, modern tools and resources aimed to deliver a dynamic, efficient and successful sales process.

And, taking a new approach to selling and customer success, the Oracle Cloud Solution Hub will also be based at the Austin campus, as well as three other locations throughout the country. The hubs are designed to build and showcase innovation projects with and for customers. These hubs are technical focused with engineers to demonstrate next-generation cloud solutions for customers, including artificial intelligence, virtual reality, intelligent bots and more.

Additionally, the company recently announced that Oracle Startup Cloud Accelerator’s first U.S. residential program will be located in Austin, which will promote cloud innovation, as well as provide mentoring and Oracle Cloud technology to local startups.

We are proud to deepen our roots in the Austin community through volunteering and other community events. In FY 2017, more than 1,200 Oracle Volunteers donated nearly 3,000 hours of their time to local organizations, including Austin Pets Alive!, Keep Austin Beautiful, Central Texas Food Bank, and Girlstart.

Contact Info
Jessica Moore
Oracle Corporate Communications
650.506.3297
jessica.moore@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Jessica Moore

  • 650.506.3297

Oracle Recognizes HR Pioneers in Annual Awards

Thu, 2018-03-22 07:00
Press Release
Oracle Recognizes HR Pioneers in Annual Awards Oracle HCM Cloud Rubies Awards celebrate organizations using modern cloud technologies to drive business success and improve employee engagement and happiness

Oracle HCM World, Dallas, TX—Mar 22, 2018

To celebrate the success organizations are achieving by modernizing HR processes in the cloud, Oracle today announced the winners of the Oracle HCM Cloud Rubies Award. The awards recognize HR professionals who are using Oracle Human Capital Management (HCM) Cloud to modernize business processes and improve the employee experience. The 2018 winners include Caesars Entertainment Corporation, Creighton University, Cummins Inc., Emerson, Macy’s, NSF International, PTC, and Reckitt Benckiser.

“The Oracle HCM Cloud Rubies Awards recognize HR professionals that have successfully transformed the HR function and related business processes,” said Emily He, Senior Vice President, Human Capital Management Cloud Business Group, Oracle. “This year’s winners truly are industry pioneers who have fully leveraged Oracle HCM Cloud solutions to enhance employee engagement and deliver outstanding results.”

Spanning eight categories, the global Oracle HCM Cloud Rubies Awards are peer-nominated awards that recognize HR professionals that have used technology to increase efficiencies, enhance the employee experience and deliver tangible business results. Winners include:

  • Game Changer Award: Terri Brown, Vice President, HR Business Processes and Solutions, Macy’s
  • Happily Ever After Award: Wayne Overla, Global HRIS Manager, NSF International
  • Talent Show Award: Mike Whitesell, HRIS Manager, Integrated Talent Management, Cummins Inc.
  • It’s All in the Numbers Award: Fabio Fukuda, HRIS Director, Global Integrated Talent Management, Cummins Inc.
  • Time is On My Side Award: Jim Rhodes, Vice President, Human Resources Information Systems, Emerson
  • Express Lane Award: Kathy Cullen-Cote, Corporate Vice President, Human Resources, PTC
  • Dynamic Duo Award: Michael O’Brien, Vice President, Corporate HR Services, Caesars Entertainment Corporation
  • Keep it in the Family Award: Molly Billings, Senior Director, Human Resources, Creighton University

For additional information on these winners, please visit the Oracle HCM Cloud Rubies Awards website.

Contact Info
Evelyn Tam
Oracle
650.506.5936
evelyn.tam@oracle.com
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle, please visit us at oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
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Evelyn Tam

  • 650.506.5936

Oracle Retail Demonstrates Continued Adoption of Cloud Solutions Among Global Retail Community

Wed, 2018-03-21 08:00
Press Release
Oracle Retail Demonstrates Continued Adoption of Cloud Solutions Among Global Retail Community Implementation of Best-in-Class Solutions Fuel Operational Efficiency, Better Forecasting and Maximized Margins for Retailers

Redwood Shores, Calif.—Mar 21, 2018

Today Oracle Retail announced the successful implementation of Oracle Retail cloud services and solutions across six global brands. Oracle Retail cloud services and solutions continue to be adopted for their ability to streamline operations and provide a more accurate view of price, promotion and demand with a single view of inventory across locations, brands, channels and geographies. Oracle Retail’s continued cloud first product strategy has resulted in the launch of over 30 cloud services delivered in the last 18 months.

“Adopters of cloud solutions develop a significant edge over their competitors by creating a single view of order, inventory, promotion, price and consumer and faster access to innovation,” said Jeff Warren, vice president solutions and strategy, Oracle Retail. “With cloud infrastructure, brands can dedicate resources to act on insights instead of maintaining legacy systems. Retailers that innovate will continue to widen the gap between their peers with lower operating costs, improved customer experience and maximized margins.”

Noted brands that have implemented Oracle Retail cloud solutions recently include:

  • Gap Inc. launching Oracle Retail Merchandising Foundation Cloud Service, Oracle Retail Merchandising Insights Cloud Service, Oracle Retail Integration Cloud Service and Oracle Retail Store Inventory Management running on the Oracle Cloud to drive end-to-end operational efficiencies and empower the business teams of the INTERMIX brand.
  • Groupe Dynamite deploying Oracle Retail Merchandise Financial Planning Cloud service to accelerate international expansion with a single view of inventory.
  • Moleskine implementing Oracle Commerce Cloud in 35 countries, 10 languages and 15 local currencies.
  • Samsonite Europe implementing Oracle Retail Order Broker Cloud Service to enable more consumer shopping journeys.
  • Saudi Arabian pharmacies’ retailer Nahdi Medical Company deploying Oracle Retail Advanced Science Engine Cloud Service, Oracle Retail Merchandising Solutions and Oracle Retail Category Management to put powerful scientific insights delivered in a digestible format for business users.
  • Wyevale investing in Oracle Retail Stores Suite and Oracle Retail Customer Engagement across 149 garden centers in the U.K.

Oracle will convene a global community of retail leadership to share insights from their digital transformation journeys at Oracle Industry Connect April 10-11, 2018 in New York, NY. Oracle Industry Connect provides attendees with intimate peer networking opportunities enlisting over 36 retail thought leaders across presentations and interactive panel discussions on adapting to market changes, simplifying operations and empowering authentic brand experiences. To learn more about Oracle Industry Connect 2018 and register to attend visit: www.oracle.com/oracleindustryconnect/

Contact Info
Matt Torres
Oracle
4155951584
matt.torres@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

About Oracle Retail

Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware that are engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Matt Torres

  • 4155951584

Oracle Signs Agreement with Midwestern Higher Education Compact

Wed, 2018-03-21 07:00
Press Release
Oracle Signs Agreement with Midwestern Higher Education Compact Agreement Empowers Higher Education Entities to Embrace Digital Transformation with Easy Access to Oracle Solutions and Services

Redwood Shores, Calif.—Mar 21, 2018

Following a competitive sourcing event, Oracle today announced that it has been awarded a contract by the Midwestern Higher Education Compact (MHEC). Effective immediately, the contract provides discounts on Oracle Cloud, licenses, hardware, education, consulting and support services for public and not-for-profit colleges and universities across MHEC’s 12 member states.

The contract also extends to MHEC’s sister compacts: the New England Board of Higher Education, the Southern Regional Education Board, and the Western Interstate Commission for Higher Education.

“We are extremely pleased to have signed a contract with Oracle,” said MHEC President Larry Isaak. “MHEC anticipates significant cost savings for higher education institutions throughout not only our Midwest region, but nationally, as this contract provides an easier path for purchasing needed Oracle products.”

Through the use of the Compact’s programs and contracts, public and private not-for-profit education institutions, school districts, state and local governments, and students have achieved significant cost savings and also benefit from collective knowledge and best practice solutions.

“MHEC and its sister compacts have provided exceptional value to their member states and institutions for many years and we are proud to collaborate with them to deliver leading solutions to our mutual customers,” said Jim Zemaitis, vice president, Oracle Higher Education and Research. “Our new agreement offers even more product and services to higher education institutions that can be consumed rapidly at exceptional price points, with a competitively-awarded contract and negotiated pricing. We have jointly accelerated the value we can provide to the academic, administrative and research areas in support of the students, faculty and staff.”

Oracle Research and Higher Education’s mission is to help institutions worldwide enrich the learning and research experience with innovative cloud solutions that enable student success and institutional sustainability. To learn more visit: http://bit.ly/2D7Z7wU

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About MHEC

Legislatively created, the Midwestern Higher Education Compact’s purpose is to provide greater higher education opportunities and services in the Midwestern region. Collectively, MHEC creates solutions that build higher education’s capacity to better serve individuals, institutions, and states by leveraging the region’s expertise, ideas, and experiences through multi-state: convening, programs, research, and contracts. Member states are: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. www.mhec.org

Additional contract details and eligibility information can be found on the MHECtech website (http://www.mhectech.org/), or contact Nathan Sorensen, director of government contracts, at (612) 677-2767.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.415.856.5145

Ithaca College Selects Oracle HCM Cloud to Optimize Staff and Faculty Engagement for Enhanced Student Success

Wed, 2018-03-21 07:00
Press Release
Ithaca College Selects Oracle HCM Cloud to Optimize Staff and Faculty Engagement for Enhanced Student Success Oracle HCM Cloud enables 125 year-old college to automate HR processes, improve efficiency and gain real-time employee insights

Redwood Shores, Calif.—Mar 21, 2018

Ithaca College has selected Oracle Human Capital Management (HCM) Cloud to improve operational efficiency and enhance staff, faculty and student engagement. With Oracle HCM Cloud, Ithaca College will be able to modernize its HR systems and gain greater organizational insight by taking advantage of a single, integrated solution for payroll, workforce information and employee management.

Established in 1892, Ithaca College is a private institution dedicated to fostering intellectual growth and character development in its students. It needed to replace time-consuming manual processes with a modern HR solution that could track staff performance and enable seamless collaboration both on and off-campus. After a careful evaluation of competing solutions, Ithaca College selected Oracle HCM Cloud for its real-time insights, detailed dashboards and ability to connect on any device.

“We desperately needed to modernize our HR systems to give our faculty and staff full support and visibility that heightens our ability to focus on the ultimate goal of student success.  Spotlighting our high-performing employees and helping them with their career paths aides in the ultimate outcomes for our students,” said Brian Dickens, CHRO, Ithaca College. “In the past, our manual HR processes made it very difficult to distinguish our high performers, and limited our ability to identify and engage with them. With Oracle HCM Cloud, we’re able to improve the communication between faculty, staff and students on-site and on any mobile-enabled device.”

With Oracle HCM Cloud, Ithaca College will be able to automate many of its HR processes to improve information accuracy and reduce payroll errors. Access to instant analytics and impactful reporting features will enable more strategic HR initiatives and well-informed decision making by improving performance insights. In addition, personalized cross-device experiences powered by Oracle HCM Cloud will enhance engagement by enabling students and faculty to quickly and easily access the information.

“As the cost of education continues to rise, higher education organizations are rethinking traditional processes to drive efficiencies and deliver the best possible student experience,” said Emily He, Senior Vice President, Human Capital Management Cloud Business Group, Oracle. “With Oracle HCM Cloud, higher-education organizations such as Ithaca College can improve education outcomes by using data-driven insights to spotlight high-performing staff and students, identify issues, streamline management and enhance engagement.”

Additional Information

To learn more about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog.

Contact Info
Evelyn Tam
Oracle
650.506.5936
evelyn.tam@oracle.com
About Ithaca College

To provide a foundation for a lifetime of learning, Ithaca College is dedicated to fostering intellectual growth, aesthetic appreciation, and character development in our students. The Ithaca College community thrives on the principles that knowledge is acquired through discipline, competence is established when knowledge is tempered by experience, and character is developed when competence is exercised for the benefit of others.

Ithaca College is committed to creating an inclusive environment and attracting a diverse body of students, faculty, and staff. All members of the College community are encouraged to achieve excellence in their chosen fields and to share the responsibilities of citizenship and service in the global community.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle, please visit us at oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Evelyn Tam

  • 650.506.5936

Oracle Java SE 10 Release Arrives

Tue, 2018-03-20 11:00
Press Release
Oracle Java SE 10 Release Arrives Continues Commitment to Delivering New Java Innovations Faster and More Frequently

Redwood Shores, Calif.—Mar 20, 2018

Oracle today announced the general availability of Java SE 10 (JDK 10). JDK 10 is a production-ready implementation of the Java SE 10 Platform Specification, as specified by JSR 383 in the Java Community Process. The first release in Oracle’s new six-month Java innovation cycle, Java SE 10 provides a number of new features, including local variable types, parallel full GC for G1, and experimental features such as the Java-Based JIT Compiler.

Java SE 10 was created in close collaboration with the OpenJDK Community, a diverse set of contributors whom have collaborated for more than ten years on an open-source implementation of the Java SE platform. Key features in the new release include:

  • Local-variable type inference: enhances the Java language to extend type inference to declarations of local variables with initializers.
  • Parallel Full GC for G1: improves G1 worst-case latencies by making the full GC parallel.
  • Application Class-Data Sharing: optimizes startup time and footprint by extending the existing Class-Data Sharing ("CDS") feature to allow application classes to be placed in the shared archive.
  • Experimental Java-Based JIT Compiler: enables the Java-based JIT compiler, Graal, to be used as an experimental JIT compiler on the Linux/x64 platform

“Oracle is committed to rapidly evolving and delivering new innovations in the Java platform – this being the first in our newly adopted release cycle and licensing model,” said Georges Saab, Vice President, Software Development, Java Platform Group at Oracle. “We’re especially proud of the simplicity of this release, which introduces useful new features, removes unnecessary elements, and is easy for developers to use.”

To learn more about the JDK 10 release, please visit the Java PM blog. For the full list of features introduced in JDK 10, please visit this page.

Java is the world’s most popular programming language, with over 12 million developers running Java. Java is also the #1 developer choice for cloud, with over 21 billion cloud-connected Java virtual machines.

Contact Info
Alex Shapiro
Oracle
+1.415.608.5044
alex.shapiro@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Alex Shapiro

  • +1.415.608.5044

Oracle HCM Cloud Delivers Simple and Powerful Innovations that Can Make Work More Enjoyable and Supportive for Employees

Tue, 2018-03-20 07:00
Press Release
Oracle HCM Cloud Delivers Simple and Powerful Innovations that Can Make Work More Enjoyable and Supportive for Employees New AI capabilities and user experience enhancements deliver a more personal, productive, and rewarding employee experience

ORACLE HCM WORLD, Dallas—Mar 20, 2018

To empower HR professionals and further enhance the employee experience, Oracle (NYSE: ORCL) today announced new artificial intelligence-based capabilities and user experience enhancements within Oracle Human Capital Management (HCM) Cloud. The latest innovations deliver simple, powerful tools that can improve engagement, recruitment, and HR productivity, while also empowering employees to quickly and easily access the information they need to excel at work.

“HR teams have traditionally had to pick between simplicity and performance when selecting new technologies,” said Holger Muller, VP and Principal Analyst, Constellation Research. “To accelerate innovation, improve productivity, and successfully prepare for the future of work, HR can no longer make this trade-off. Instead, HR teams need simple and powerful solutions that combine an intuitive user experience with the latest innovations in areas such as chatbots and artificial intelligence.”

HR professionals need to apply new strategies and technologies to attract, engage, and retain employees to address escalating recruitment costs and increasing employee turnover. The latest innovations within Oracle HCM Cloud enable HR professionals to address these challenges by providing simple, powerful solutions that can proactively anticipate and respond to changing employee and workforce needs. The new innovations can optimize talent management, provide complete workforce insights, increase operational efficiency, and make it easy for everyone to connect, collaborate, and do their job—from anywhere, on any device.

“We are always looking at new ways to enhance the employee experience and optimize business processes, and Oracle has been a key partner in helping us make that possible,” said Larry Freed, CIO, Overhead Door Corporation. “The new AI and user experience enhancements within Oracle HCM Cloud are powerful innovations that will greatly benefit our employees.”

With the new features, HR professionals can simplify and humanize the entire candidate and employee experience by making work more enjoyable, smarter, and collaborative.

Make Work Enjoyable: A redesigned user interface leverages artificial intelligence to help employees minimize busywork and focus on actions and decisions that matter most. The new features include:

  • “Newsfeed” Interface: Employees can now choose a “newsfeed” style interface to highlight the data and details they care about most. For example, tasks that need attention can be highlighted in an easy-to-read tiled format; an automatically updating analytics snapshot can elevate key business insights; and company and employee-related news can be easily accessed without digging through email. 
  • Seamless Search: Intelligent, intuitive, new search capabilities make it easier for employees to find the information they are seeking quickly and easily.
  • One Experience, Any Device: A personalized cross-device experience enables employees to be more productive and take action based on company updates, personal feedback, and goals—no matter where the job takes them—on their desktop, tablet, or mobile phone.
  • Continuous Performance Management: New performance “check-in” capabilities help ensure employees are always receiving real-time coaching and feedback and can easily track goals.
 

Make Work Smarter: Powerful, built-in AI capabilities and guided paths create a simple and personalized experience from a candidate’s first interaction, through to hiring and onboarding. The new features include:

  • Candidate Recruiting: New AI and chatbot capabilities enable candidates to search for jobs and get questions answered directly through channels like Facebook Messenger, while also automatically alerting candidates to updates and needed actions on their channel of choice.
  • Optimized Promotion Process: A “self-driving” promotion process helps employees reach their objectives and succeed in their current positions by providing proactive alerts.
  • Hiring and Onboarding the Right Employees: Advanced machine learning capabilities helpreduce the time it takes to fill open positions by highlighting best-fit candidates and proactively identifying candidates and employees who should be invited to apply.

     

  • Smart Onboarding: New onboarding features enhance collaboration between new hire, manager, and HR team to make it faster and easier for employees to move from “new hire” to an engaged, productive contributor to the team.
 

Make Work Supportive: New smart and adaptable AI-powered business processes enable HR professionals to deliver all the support employees need to excel. The new features include:

  • HR Help Desk in the Cloud: Helps ensure compliance by optimizing the management and security of sensitive Employee Relations cases with configurable actions, such as managing data collection by category and queue. Extended knowledge management capabilities ensure consistent search and content based on security and versioning.
  • Advanced HCM Controls: A pre-built library of best practice controls, security dashboards and workbench capabilities help organizations stop unauthorized access to sensitive HCM functions and data. With the ability to also manage exception and policy violations, HR departments can keep classified employee data protected, while lowering compliance costs (GDPR, SOX etc.), by automating audit procedures and analysis.
 

“We all now expect that enterprise applications offer the same easy, intuitive experience that we enjoy with digital services in our personal lives,” said Chris Leone, senior vice president, HCM Development, Oracle. “With the latest release of Oracle HCM Cloud, we are focused on delivering the best possible employee experience without compromising the security or performance of critical business applications. By leveraging advanced technologies to make HR applications powerful yet simple to use on any device, we can make work smarter, more enjoyable, and more supportive.”

For additional information about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog.

Contact Info
Simon Jones
Oracle
+1.415.202.4574
s.jones@oracle.com
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle, please visit us at oracle.com.
 
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
 
Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information 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 and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.
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Simon Jones

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Q3 FY18 Cloud Revenues Up 32% to $1.6 Billion and Total Revenues Up 6% to $9.8 Billion

Mon, 2018-03-19 15:00
Press Release
Q3 FY18 Cloud Revenues Up 32% to $1.6 Billion and Total Revenues Up 6% to $9.8 Billion Q3 FY18 GAAP EPS ($0.98) Due to One-Time Charges Related to the 2017 Tax Cuts and Jobs Act
Q3 FY18 NON-GAAP EPS $0.83, Up 20%; Year-to-Date FY18 NON-GAAP EPS Up 16%

Redwood Shores, Calif.—Mar 19, 2018

Oracle Corporation (NYSE: ORCL) today announced fiscal 2018 Q3 results. Total Revenues were up 6% to $9.8 billion, compared to Q3 last year. Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion. Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million. Total Cloud Revenues were up 32% to $1.6 billion.

GAAP Operating Income was up 15% to $3.4 billion and GAAP Operating Margin was 35%. Non-GAAP Operating Income was up 9% to $4.3 billion and non-GAAP Operating Margin was 44%. GAAP Net Loss was $4.0 billion and GAAP Loss Per Share was $0.98 due to a one-time net charge totaling $6.9 billion related to the 2017 Tax Cuts and Jobs Act. Non-GAAP Net Income was up 21% to $3.5 billion and non-GAAP Earnings Per Share was up 20% to $0.83.

Short-term deferred revenues were up 8% to $8.0 billion. Operating cash flow on a trailing twelve-month basis was up 13% to $15.2 billion.

“During FY17, I forecast double-digit non-GAAP earnings per share growth for FY18,” said Oracle CEO, Safra Catz. “With non-GAAP earnings per share up 20% in Q3, our year-to-date earnings per share growth is now up to 16%. At this point, I feel quite confident that we will comfortably deliver on my original forecast of double-digit non-GAAP earnings per share growth for FY18.”

“Our Fusion ERP and HCM SaaS applications suite revenues grew 65% in the quarter,” said Oracle CEO, Mark Hurd. “Our Cloud SaaS applications business is rapidly approaching $5 billion …and it’s still early days. Less than 15% of our on-premise applications customers have begun to migrate their applications to the cloud. As the other 85% of our applications customers start to move their applications to the Cloud, we have a huge opportunity in front of us. We expect to more than double the size of our SaaS business very quickly.”

“The Oracle autonomous database is now fully available in the Oracle Cloud,” said Oracle CTO, Larry Ellison. “And there are more autonomous cloud services to come. During this calendar year we expect to deliver Autonomous Analytics, Autonomous Mobility, Autonomous Application Development and Autonomous Integration services. Oracle’s new suite of Autonomous PaaS services delivers an unprecedented level of automation and cost savings to our customers.”

The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on April 17, 2018, with a payment date of May 1, 2018.

Q3 Fiscal 2018 Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. In addition, Oracle’s Q3 results and Fiscal 2018 financial tables are available on the Oracle Investor Relations website.

A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 1182679.

Contact Info
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
Deborah Hellinger
Oracle Corporate Communciations
+1.212.508.7935
deborah.hellinger@oracle.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE: ORCL), visit www.oracle.com/investor or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

“Safe Harbor” Statement

Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding the growth of our non-GAAP EPS, the potential to significantly increase the size of our SaaS business, and the delivery of our new autonomous products, are all "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our cloud computing strategy, including our Oracle Cloud SaaS, PaaS, IaaS and data as a service offerings, may not be successful. (2) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses, cloud software subscriptions or hardware systems products or purchase or renew support contracts. (3) If the security measures for our products and services are compromised or if our products and services contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and reduced sales. (4) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for support contracts. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses. (6) Economic, geopolitical and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (7) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at http://www.oracle.com/investor. All information set forth in this press release is current as of March 19, 2018. Oracle undertakes no duty to update any statement in light of new information or future events. 

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Ken Bond

  • +1.650.607.0349

Deborah Hellinger

  • +1.212.508.7935

Oracle Health Sciences Clinical One Named 2018 CARE Award Finalist

Thu, 2018-03-15 07:00
Press Release
Oracle Health Sciences Clinical One Named 2018 CARE Award Finalist Cloud-based Solution Recognized for Innovation in Clinical Technology

Redwood Shores, Calif.—Mar 15, 2018

Oracle Health Sciences today announced that Informa Pharma Intelligence named Oracle Health Sciences Clinical One a finalist for the Best Sponsor-Focused Technological Development category in the 2018 Clinical and Research Excellence (CARE) Awards. The awards recognize distinguished leaders who are making important contributions to advancing human health.

“The CARE Awards honor the world’s best innovators in life sciences,” said Karen Currie, Executive Director, Editorial, Pharma Intelligence and Chair of the 2018 CARE Awards judging panel. “Those named play a meaningful role in the entire process of therapeutic discovery, as millions of patients wait with hope. Technology plays a fundamental role in clinical trials and safe and effective drug development, which is why our independent expert panel of judges selected Oracle’s Clinical One platform as a finalist.”

The prestigious CARE awards are produced by Informa Pharma Intelligence, a respected research and publishing authority for pharmaceutical, contract research organizations (CROs), medical technology, biotechnology and healthcare service providers.

Traditionally, clinical operations—the process of developing a potentially life-saving drug from a promising molecule to an FDA-approved therapy—rely on a collection of point solutions that operate in isolation. The Oracle Health Sciences Clinical One platform was purpose built to unify and accelerate the drug discovery process from study design and start-up to conduct and post-marketing. It provides universal access to information that is captured once, secured in the cloud and used across all clinical trial processes. Configurable for trials of any size, customers can dynamically build, deploy and update studies regardless of the time of day.

“We are honored to be recognized for reimagining the way technology supports the entire drug development lifecycle,” said Steve Rosenberg, general manager, Oracle Health Sciences. “Though trials are abundant and the pace of drug approvals seems be temporarily improving. Yet, in the U.S. alone, it can take more than a decade and billions in capital for an experimental drug to travel from the lab to the medicine cabinet. Applying a powerful cloud infrastructure that can handle the volume of data, speed and coordination required for clinical trials can have an instrumental impact on efficiency, safety and compliance.”

Oracle will celebrate this distinction with its customers at the 2018 CARE Awards ceremony and dinner, which will be held on Wednesday, April 25, 2018, at the Boston Harbor Hotel.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Phebe Shi
Burson Marsteller for Oracle
+1 415.591.4032
phebe.shi@bm.com
About Informa Pharma Intelligence

Informa is a leading business intelligence, academic publishing, knowledge and events group. Informa’s Pharma Intelligence powers a full suite of analysis products - Datamonitor Healthcare, Sitetrove, Trialtrove, Pharmaprojects, Medtrack, Biomedtracker, Scrip, Pink Sheet and In Vivo – to deliver the data needed by the pharmaceutical and biomedical industry to make decisions and create real-world opportunities for growth. For more information, visit pharmaintelligence.informa.com.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes, helping to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017) and the number one provider of eClinical solutions (Everest Group, 2017), powered by the number one data management technology in the world (Gartner, 2017), Oracle Health Sciences is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech, and 10 of the top 10 CROs for clinical trial and safety management around the globe.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Valerie Beaudett

  • +1 650.400.7833

Phebe Shi

  • +1 415.591.4032

Oracle to Break Down the Barriers to Creating Epic Customer Experiences at Modern Customer Experience 2018

Wed, 2018-03-14 07:00
Press Release
Oracle to Break Down the Barriers to Creating Epic Customer Experiences at Modern Customer Experience 2018 Dedicated marketing, commerce, sales and customer service sessions to help attendees meet skyrocketing expectations and advance careers

REDWOOD SHORES, Calif.—Mar 14, 2018

To help organizations create epic experiences that deliver predictable and tangible business results, Oracle is hosting Modern Customer Experience 2018 in Chicago, Illinois, April 10-12. Held at McCormick Place hotel convention center, Modern Customer Experience 2018 will bring together thousands of marketing, commerce, sales and customer service professionals to share best practices and insights on meeting the expectations of today’s empowered customers.

Despite an increasing focus on the customer, expectations continue to outpace the experiences many organizations can offer. For customer experience professionals this can seem like a no win situation, particularly when new technologies, rapidly shifting behavioral norms and evolving industry regulations continue to change the game. Modern Customer Experience 2018 will help attendees navigate this complexity, advance their careers and take advantage of new technologies such as AI, blockchain and the Internet of Things to create legendary, irresistible experiences.

Modern Customer Experience 2018 will bring together CX practitioners and industry visionaries to share the latest insights on customer experience management. The event will feature:

  • Engaging Keynotes: Keynote speakers include Comcast Executive Vice President, Chief Customer Experience Office Charlie Herrin, Fanatics Vice President of Fan Experience Carolyne Matseshe-Crawford, Oracle Marketing Cloud Senior Vice President Shashi Seth, Bestselling Author Cheryl Strayed, Duel Founder Paul Archer, YouTube Personality Casey Neistat and Oracle Vice President, Demand Generation and Marketing EMEA/APAC Amanda Jobbins.
  • Inspirational Customer Experience Stories: The conferences will feature a range of guest speakers including Convince and Convert President Jay Baer,CXOTalk Industry Analyst Michael Krigsman, Airborn Interconnect Directory of Digital Transformation Rommel Bayola, Zenimax Media Director Customer Support Boyd Beasley, Five9 President Dan Burkland, Chicago Bulls Senior Analyst Jenna Gales and many more.
  • Powerful and Practical Insights: Attendees will have access to pre-conference education sessions and nearly 300 sessions at the conference. This will include marketing, commerce, sales and service tracks, which provide immersive learning opportunities and include hands-on workshops, demos and case studies.
  • Lessons from Legends: More than 30 awards will recognize legendary CX leaders across marketing, commerce, sales and customer service. Our CX awards, which include our 12th annual Markies awards, will be hosted on April 10 at 8:00 p.m., and will spotlight the legendary efforts of those who push the boundaries of innovation to create closer connections with their customers.
  • Lots of Fun: Oracle’s customer appreciation event, CX Fest Concert, on Wednesday, April 11 at 7:30 p.m., will offer attendees a night of great music from Weezer and more opportunities to connect with peers.

“Customer experience professionals are facing a perfect storm of technological, business and societal change that is shifting expectations and reshaping the very nature of marketing, sales, service and commerce,” said Des Cahill, vice president and head CX Evangelist, Oracle. “Technology and data have been presented as the panacea, but in reality, it’s not a case of simply automating experiences with technology. Instead, it’s about using technology to remove the barriers that prevent people from delivering epic experiences. At Modern Customer Experience 2018, we have hundreds of sessions planned that will help attendees navigate all the complexity and uncertainty in today’s business environment to advance their careers. It’s going to be a great event.”

Register to attend Modern Customer Experience 2018 now through April 9 for $1,395. Use the code CXPR to receive $500 off of the onsite rate.

Contact Info
Kimberly Guillon
Oracle
209.601.9152
kim.guillon@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Kimberly Guillon

  • 209.601.9152

Study Finds Precision Medicine Initiatives Active in Broader Spectrum of Disease Areas and Datasets, But Not Without Technological Challenges

Tue, 2018-03-06 10:00
Press Release
Study Finds Precision Medicine Initiatives Active in Broader Spectrum of Disease Areas and Datasets, But Not Without Technological Challenges

HIMSS CONFERENCE - LAS VEGAS, NV—Mar 6, 2018

Oracle Health Sciences today announced the results of a new study that explores the current and planned status of precision medicine initiatives, associated challenges and the future impact of this discipline on life sciences and healthcare communities.

Conducted by GenomeWeb and sponsored by Oracle Health Sciences, the study revealed perspectives on the state of precision medicine from 316 scientists, researchers and other members of the life sciences and healthcare industries. While these communities have largely embraced the concept behind precision medicine—using the molecular makeup of patients in order to improve the diagnosis and treatment of disease—the survey captured a deeper look into the current and future statuses, approaches and implementations of precision medicine initiatives.

Among its numerous findings, the survey discovered that the majority of organizations are active with precision medicine initiatives; 62 percent of the respondents participate in research activities to drive biomarker discovery or translational research, while another 12 percent would like to participate or are planning to do so in the next 12-24 months. Not surprisingly, oncology is still considered the disease area where precision medicine will have greatest impact. However, respondents also believe precision medicine will benefit several other disease areas, including cardiovascular disease, neurology and pediatrics, which are already included in some organizations’ current initiatives.

Early initiatives in precision medicine leveraged commercial partners to generate testing and results, but the new research highlights a shift of bringing more functionality in-house, with over 50 percent of respondents claiming to use either a hybrid or in-house approach.

More than 72 percent of respondents from organizations with ongoing precision medicine initiatives said they are using next-generation sequencing (NGS) variant panels. There is a growing interest in additional data types, including more complex NGS, whole genome sequencing, and other omics data types. The study also found that nearly 80 percent hope they will be able to fully leverage large, more complex datasets to identify new insights and improve treatment recommendations by implementing these technologies in the future.

The survey also found that the vast majority of respondents who are not currently planning such an effort indicated that they would see a benefit in pursuing one, and only 18 percent of the respondents indicated an insufficient benefit to their business. However, there are still a variety of challenges in developing a precision medicine initiative, with insufficient technical structures cited as a huge obstacle in organizations’ ability to pursue precision medicine initiatives.

"Precision medicine is vital to advancing medicine, and critical to its success is the underlying technology needed to manage the large volumes of data it requires," said Andy Alasso, Global Vice President, Oracle Health Sciences. "The findings revealed that while there is widespread interest in using more complex and diverse clinical and genomics data, there is also anxiety among researchers about deficiencies in their current technical infrastructure to handle such data. This underscores the importance of platforms like Oracle Healthcare Foundation (OHF) to ensure the pace of innovation in precision medicine is not slowed by a lack of technical support."

The study was conducted in the fall of 2017 by GenomeWeb and sponsored by Oracle Health Sciences. Data was gathered via an online survey taken by GenomeWeb readers from a variety of organizations including academic institutes, hospitals/medical centers, government agencies, pharmaceutical companies, contract research organizations, genomics service providers and clinical/reference labs. The total number of respondents surveyed was 316 and included primarily scientists and researchers, followed by people in executive or corporate management positions.

Contact Info
Valerie Beaudett
Oracle
+1 650.400.7833
valerie.beaudett@oracle.com
Phebe Shi
Burson Marsteller
+1 415.216.3067
phebe.shi@bm.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle Health Sciences

Oracle Health Sciences breaks down barriers and opens new pathways to unify people and processes, helping to bring new drugs to market faster. As the number one vendor in Life Sciences (IDC, 2017) and the number one provider of eClinical solutions (Everest Group, 2017), powered by the number one data management technology in the world (Gartner, 2017), Oracle Health Sciences is trusted by 29 of the top 30 pharma, 10 of the top 10 biotech, and 10 of the top 10 CROs for clinical trial and safety management around the globe.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 

Talk to a Press Contact

Valerie Beaudett

  • +1 650.400.7833

Phebe Shi

  • +1 415.216.3067

CSPs Improve Call Processing Performance 30% with Latest Release of Oracle Communications Session Border Controller

Mon, 2018-02-26 07:00
Press Release
CSPs Improve Call Processing Performance 30% with Latest Release of Oracle Communications Session Border Controller New innovations in reliability, performance and serviceability drive next-generation of industry’s leading SBC platform and Acme Packet 6350

Redwood Shores, Calif.—Feb 26, 2018

Delivering new innovations in one of the world’s most widely deployed SBC offering, Oracle today announced the next generation of Oracle Communications Session Border Controller (SBC) and Acme Packet Platform . With these enhancements, Communications Service Providers (CSPs) can benefit from new industry-leading VoLTE subscriber density, and significantly improved call-processing performance, while achieving new levels of security and reliability, with a reduced hardware footprint and lower costs.

“CSPs are in the midst of a massive digital transformation. But while they move to diversify revenue streams and explore adjacent markets, it’s critical that they maintain stellar performance across their core services,” said Doug Suriano, group vice president, Oracle Communications. “These recent enhancements underscore our commitment to helping our CSP customers innovate, while also protecting their network core with the industry’s top performing, most cost-effective and reliable SBC solutions.”

Oracle Communications SBCs enables trusted, first-class communications across IP network access borders and IP interconnect borders, including fixed line, mobile (VoLTE), and over-the-top (OTT) services. Based on Acme Packet OS, Oracle Communications SBC operates on Oracle's range of purpose-built hardware platforms or general-purpose servers to deliver a unique combination of performance, capacity, high availability, and manageability. With the offering, CSPs can manage critical requirements for security, interoperability, reliability and quality, regulatory compliance, and revenue/cost optimization.

Industry Leading Performance and Serviceability

Whether it’s standard voice calls, video conferencing, instant messaging, or OTT, Oracle Communications SBC is the backbone for delivering trusted communications. With the new innovations in Oracle Communications SBC release S-Cz8.0.0, CSPs can enhance call-processing performance by up to 30 percent—delivering an even better experience to their customers. 

The new offering now runs as a single software image that supports both Acme Packet platforms as well as virtualized deployments, enabling easier, seamless adoption of virtualization. New serviceability features also enable CSPs to quickly self-diagnose network and/or system issues, increasing network reliability and shortening time-to-repair. Finally, release S-Cz8.0.0 contains many enhancements increasing network border security, and dramatically increases the capacity of virtualized deployments.

Acme Packet 6350—The Leading Platform for VoLTE Deployments

Oracle introduces the latest and highest performing addition to the Acme Packet platform family, the Acme Packet 6350. Already deployed in production networks of leading carriers today, the Acme Packet 6350 is a compact 3U platform that increases subscriber density threefold, while also reducing CSPs hardware footprint and enabling reduced costs. This makes the platform especially relevant for VoLTE access deployments, where Oracle is an industry leader in VoLTE subscriber density under real-world conditions.

Additional benefits and features of the Acme Packet 6350 include:

  • 8 Core CPU for even greater processing power
  • 48 GB system memory providing added performance and incredible subscriber density
  • High-density transcoding
  • Field proven architecture, with a high capacity in a small (3RU) footprint
  • Leverages many Acme Packet 6300 components, including the NIU, TCU, and SSM3

Oracle Communications provides the integrated communications and cloud solutions that enable users to accelerate their digital transformation journey—from customer experience to digital business to network evolution. See Oracle Communications SBC in action at Mobile World Congress, Barcelona, February 26–March 1, 2018, Hall 3, Booth 3B30.

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Raleigh Miller
Burson-Marsteller
+1.202.530.4554
raleigh.miller@bm.com
About Oracle

OThe Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Raleigh Miller

  • +1.202.530.4554

Oracle Communications Network Charging and Control Enables Mobile Service Providers to Differentiate and Monetize Their Brand

Thu, 2018-02-22 07:00
Press Release
Oracle Communications Network Charging and Control Enables Mobile Service Providers to Differentiate and Monetize Their Brand Delivers agile online charging for high-growth mobile, cloud and IoT services

Redwood Shores, Calif.—Feb 22, 2018

Oracle today announced the latest version of Oracle Communications Network Charging and Control (NCC), a key product in Oracle’s complete digital monetization portfolio which addresses communications, cloud and IoT services. A modern, standards-based online charging system for prepaid dominant mobile markets, Oracle Communications NCC expands the reach of Oracle’s digital monetization portfolio to help service providers, mobile virtual network enablers (MVNEs) and operators (MVNOs) in high growth markets, introduce innovative and interactive mobile offers to rapidly and cost effectively monetize their brands. Key capabilities introduced in this new release include 3GPP advanced data charging and policy integration together with support for contemporary, cost effective deployments on Oracle Linux.

The pre-paid market for consumer mobile broadband and Intelligent-Network (IN) voice services continues to grow globally. Ovum forecasts1 that the market for pre-paid mobile voice and data subscriptions will grow from 5.5B subscriptions in 2017 to 6.0B subscriptions in 2022 with highest net growth in developing markets. In addition, the GSMA estimates there to be almost 1,000 MVNOs globally with more than 250 mobile network operator (MNO) sub-brands, all seeking growth through brand differentiation.

For such operators, Oracle Communications NCC provides advanced mobile broadband and IN monetization, intuitive graphical service logic design and complete prepaid business management in a single solution. It supports flexible recharge and targeted real-time promotions, complete and secure voucher lifecycle management, and a large set of pre-built and configurable service templates for the rapid launch of new innovative offers. This is critical as competitive pressures and customer expectations mount, requiring service providers to rethink their services and how they can increase brand engagement and loyalty. With this evolution in services, it’s imperative that underlying charging systems evolve to meet these changing business requirements—across digital, cloud and IoT services.

ASPIDER-NGI builds, supports and operates innovative MVNO and IoT platforms for Operator, Manufacturer and Enterprise sectors,” said David Traynor, Chief Marketing Officer, ASPIDER-NGI. “We use Oracle Communications Network Charging and Control as part of our MVNE infrastructure, allowing our clients to quickly deploy new mobile data and intelligent network services. Our clients demand the controls to deliver competitive offerings to specific customer segments and to support their own IoT business models. This release provides us the agility to accelerate our pace of innovation with an online charging platform that supports the latest 3GPP technologies.”

Oracle Communications NCC aligns with 3GPP Release 14 Policy and Charging Control (PCC) standards, including Diameter Gy data services charging, and supports comprehensive SS7 Service Control (CAP, INAP, and MAP) for IN services. In addition, it supports integration with Policy and Charging Rules Function (PCRF) deployments, including Oracle Communications Policy Management, via the Diameter Sy interface. Such integration provides support for a wide range of value added scenarios from on-demand bandwidth purchases for video or data intensive services to fair usage policies that gracefully reduce mobile bandwidth as threshold quotas are met to ensure an optimal customer experience. Oracle Communications NCC may be deployed in a virtualized or bare metal configuration on Oracle Linux using the Oracle Database to provide a highly cost effective, performant and scalable online charging solution.

“This major release of Oracle Communications Network Charging and Control reiterates Oracle’s continued commitment to provide a complete and cost effective online charging and business management platform for the pre-paid consumer mobile market,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “With new features including support for policy integration and deployment flexibility on a contemporary, open platform, we are offering our customers a modern alternative to traditional IN platforms, enabling them to differentiate and grow their brands, and in turn, delight their customers.”

In addition to Oracle Communications Network Charging and Control, Oracle’s digital monetization portfolio also includes Oracle Communications Billing and Revenue Management and Oracle Monetization Cloud, which collectively support the rapid introduction and monetization of subscription and consumption based offerings.

Oracle Communications provides the integrated communications and cloud solutions that enable users to accelerate their digital transformation journey—from customer experience to digital business to network evolution. See Oracle Communications NCC in action at Mobile World Congress, Barcelona, February 26–March 1, 2018, Hall 3, Booth 3B30. Ovum, TMT Intelligence, Informa, Active Users, Prepaid and Postpaid Mobile Subscriptions, February 09, 2018

1. GSMA Intelligence—Segmenting the global MVNO footprint—https://www.gsmaintelligence.com/research/2015/03/infographic-segmenting-the-global-mvno-footprint/482/

Contact Info
Katie Barron
Oracle
+1.202.904.1138
katie.barron@oracle.com
Kristin Reeves
Blanc & Otus
+1.925.787.6744
kreeves@blancandotus.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Katie Barron

  • +1.202.904.1138

Kristin Reeves

  • +1.925.787.6744

Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data

Wed, 2018-02-21 12:55
Press Release
Oracle Data Cloud Launches Data Marketing Program to Help Savvy Auto Dealer Agencies Better Use Digital Data Nine Leading Retail Automotive Marketing Agencies Are First to Complete Comprehensive Program, Receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) Designation

Redwood City, Calif.—Feb 21, 2018

Oracle Data Cloud today launched an advanced data training and marketing program to help savvy auto dealer agencies better use digital data. Oracle also announced the first nine leading Tier 3 auto marketing agencies to qualify for the rigorous program and receive Oracle Data Cloud’s Auto Elite Data Marketer (EDM) designation. Those companies included: C-4 Analytics, Dealer Inspire, Dealers United, Goodway Group, L2TMedia, SocialDealer, Stream Marketing, Team Velocity, and TurnKey Marketing. Oracle’s Auto Elite Data Marketer program will help agencies effectively allocate their marketing resources as advertising budgets shift from offline media to digital platforms.

“As the automotive industry goes through an era of transformational change, dealers are literally where the rubber meets the road, and they need cutting edge marketing tools to help maintain or grow market share,” said Joe Kyriakoza, VP and GM of Automotive for the Oracle Data Cloud. “Tier 3 marketers know that reaching the right audience drives measurable campaign results. By increasing the data skills of our marketing agency partners, Oracle can help them directly impact and improve their clients’ campaign results.”

Oracle Data Cloud’s Auto Elite Data Marketer Program includes:

  1. 1. Education & training - Expert training to the marketing agency and their extended teams on advanced targeting strategies and audience planning techniques

  2. 2. Customized collateral - Co-branded collateral pieces to support client marketing efforts, including summary sheets, decks, activation guides, and other materials.

  3. 3. Co-branding marketing - Co-branded marketing initiatives through thought leadership, speaking opportunities, and co-hosted webinars.

  4. 4. Strategic sales support - Access to Oracle’s specialized Retail Solutions Team and the Oracle Data Hotline to support strategic pitches, events, and RFP inquiries.

“We are proud to have worked with Oracle Data Cloud since the beginning, shaping the program together to drive more business for dealers using audience data,” said Joe Chura, CEO of Dealer Inspire. “Our team is excited to continue this relationship as an Elite Data Marketer, empowering Dealer Inspire clients with the unique advantage of utilizing Oracle data for automotive retail targeting.”

“We are consumed with data that allows for hyper-personalization and better targeting of in-market consumers,” said David Boice, CEO and Chairman of Team Velocity Marketing. “Oracle is a new goldmine of data to drive excellent sales and service campaigns and a perfect complement to our Apollo Technology Platform.”  According to Joe Castle, Founder of SOCIALDEALER, “We are excited to be one of the few Auto Elite Data Marketers which provides us a deeper level of custom audience data access from Oracle. Our companies look forward to working closely to further deliver a superior ROI to all our dealership and OEM relationships.”

Through the Auto Elite Data Marketer program, retail marketers learn how to use Oracle’s expansive selection of automotive audiences, which cover the entire vehicle ownership lifecycle, like in-market car shoppers, existing owners, and individuals needing auto finance, credit assistance, or vehicle service. This comprehensive data set allows clients to precisely target the right prospects for any automotive retail campaign. Oracle has teamed up with industry leading data providers to build the robust dataset, like IHS Markit’s Polk for vehicle ownership and intent data, Edmunds.com for online car shopper data and TransUnion the trusted source for consumer finance audiences.

Oracle Data Cloud plans to expand the Auto Elite Data Marketer program to include additional dealer marketing agencies, as well as working directly with dealers and dealer groups and their media partners to use data effectively for advanced targeting and audience planning efforts. For more information about the Auto Elite Data Marketer program, please contact the Oracle Auto team at dealersolutions@oracle.com.

Oracle Data Cloud

Oracle Data Cloud operates the BlueKai Data Management Platform and the BlueKai Marketplace, the world’s largest audience data marketplace. Leveraging more than $5 trillion in consumer transaction data, more than five billion global IDs and 1,500+ data partners, Oracle Data Cloud connects more than two billion consumers around the world across their devices each month. Oracle Data Cloud is made up of AddThis, BlueKai, Crosswise, Datalogix and Moat.

Oracle Data Cloud helps the world’s leading marketers and publishers deliver better results by reaching the right audiences, measuring the impact of their campaigns and improving their digital strategies. For more information and free data consultation, contact The Data Hotline at www.oracle.com/thedatahotline

Contact Info
Simon Jones
Oracle
+1.650.506.0325
s.jones@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Simon Jones

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Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience

Thu, 2018-02-15 07:00
Press Release
Oracle Honors Change Agents of Finance at Oracle Modern Finance Experience Awards recognize organizations using modern cloud technologies to drive business transformation

Oracle Modern Finance Experience, New York—Feb 15, 2018

To promote best practices and celebrate the success organizations are achieving by modernizing financial and operational processes in the cloud, Oracle (NYSE: ORCL) today announced the winners of the 2018 Change Agents of Finance Awards. The awards recognize top organizations and business leaders that are driving growth by embracing Oracle cloud solutions and modern best practices to transform the finance function and other critical business processes.

The 2018 winners include Beall’s Inc., Caesars Entertainment, Dropbox, Hilton, National Rural Utilities Cooperative Finance Corporation (NRUCFC), Orange, Park Hotels & Resorts, and Wilmington Savings Fund Society (WSFS).

The 2018 Change Agents of Finance Awards is a global program that encompasses 10 categories that represent the best of twenty-first century finance. Finalists were nominated and voted for by their finance peers based on their ability to deliver tangible business results through the application of innovative cloud technologies to their unique business case.

“The Change Agents of Finance Awards recognize visionary leaders that are reimagining their finance functions in order to thrive and grow in today’s digital economy,” said Doug Kehring, executive vice president and Chief of Staff, Oracle. “This year’s winners are industry pioneers leveraging Oracle ERP Cloud and Oracle EPM Cloud solutions to differentiate their organizations and deliver outstanding results.”

Winners of the 2018 Oracle Change Agents of Finance Awards are:

  • Frugal Finance Award: Wilmington Savings Fund Society (WSFS), Dominic C. Canuso, EVP and Chief Financial Officer
  • Better Together Award: Park Hotels & Resorts, Darren Robb, Senior Vice President and Chief Accounting Officer
  • Fast Finance Award: Caesars Entertainment, Michael Mann, VP of Transformation
  • Modern Close Award: National Rural Utilities Cooperative Finance Corporation (NRUCFC), Lori Culp, Assistant Controller
  • Roll With It Award: Hilton, Anand Naimpally, SVP, Finance
  • Shared Services Superstar Award: Orange, Djamel Benallal, Head of Finance Group Solutions
  • Crystal Ball Award: Dropbox, Annie Ogata, Corporate FP&A Lead
  • Oracle Billion-Dollar Story Award: Orange, Christophe Eouzan, Chief Accounting Officer
  • Top Talent Award: Beall’s Inc., Brian Crowley, CFO

For additional information on these winners, please visit the Oracle Change Agents of Finance Awards website.

Contact Info
Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

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Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Evelyn Tam

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Oracle Buys Zenedge

Thu, 2018-02-15 06:04
Press Release
Oracle Buys Zenedge Adds Leading Cloud-Based Network and Infrastructure Security Capabilities to Protect Enterprises from Today’s Complex Digital Threats

Redwood Shores, Calif.—Feb 15, 2018

Oracle today announced that it has signed an agreement to acquire Zenedge, which helps secure critical IT systems deployed via cloud, on-premise or hybrid hosting environments.

Customers leverage Zenedge’s Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation products to secure their applications, networks, databases and APIs from malicious Internet traffic. Powered by artificial intelligence (AI), Zenedge’s products and 24/7 virtual Security Operations Center (SOC) defend over 800,000 web properties and networks globally.

Oracle delivers a comprehensive set of subscription-based cloud infrastructure services that enables businesses to run any workload in an enterprise-grade cloud managed, hosted and supported by Oracle. Zenedge expands Oracle Cloud Infrastructure and Oracle’s Domain Name System (DNS) capabilities, adding innovative application and network protection that augments existing Oracle security services and partnerships. Together, Oracle and Zenedge will allow enterprises to adopt cloud services without compromising performance, cost, control or security through an expanded Oracle Cloud Infrastructure platform.

“Customers demand enterprise-grade infrastructure to run their critical business systems in the cloud,” said Don Johnson, Senior Vice President of Product Development, Oracle. “Oracle Cloud Infrastructure as a Service delivers leading cloud services to address those needs. The combination with Zenedge equips Oracle Cloud Infrastructure with integrated, next-generation network and infrastructure security, to address modern security threats.”

“Customers achieve tremendous results with Zenedge’s innovative WAF and DDoS mitigation products, from a 99% reduction in illicit website traffic to a 99.75% improvement in page load times,” said Yuri Frayman, CEO of Zenedge. “We could not be more enthusiastic about joining forces with the leader in enterprise-grade cloud infrastructure, and delivering similar results to even more customers at scale.”

More information about this announcement is available at www.oracle.com/zenedge.

Contact Info
Deborah Hellinger
Oracle Corporate Communications
+1.212.508.7935
deborah.hellinger@oracle.com
Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, SCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Oracle is currently reviewing the existing Zenedge product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle’s review of Zenedge’s product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Zenedge or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.

Cautionary Statement Regarding Forward-Looking Statements

This document contains certain forward-looking statements about Oracle and Zenedge, including statements that involve risks and uncertainties concerning Oracle’s proposed acquisition of Zenedge, anticipated customer benefits and general business outlook. When used in this document, the words “anticipates”, “can”, “will”, “look forward to”, “expected” and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Zenedge, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Zenedge may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Zenedge. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Zenedge is under any duty to update any of the information in this document.

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Deborah Hellinger

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Ken Bond

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Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision

Wed, 2018-02-14 11:00
Press Release
Oracle Cloud Applications Help Providence St. Joseph Health Deliver on its Digital Innovation Vision Oracle Cloud Applications improves organizational efficiency, delivery of services, and patient outcomes for non-profit healthcare organizations

Redwood Shores, Calif.—Feb 14, 2018

Oracle today announced that Providence St. Joseph Health has selected Oracle Cloud Applications to advance its critical business systems and streamline operational processes.

Providence St. Joseph Health needed a modern business platform that could scale to support its changing needs. With Oracle Enterprise Resource Planning (ERP) Cloud, Oracle Enterprise Performance Management (EPM) Cloud, Oracle Human Capital (HCM) Cloud, and Oracle Supply Chain Management (SCM) Cloud, Providence St. Joseph Health will be able to combine finance, employee, and supplier data to help improve productivity, reduce costs, and enhance visibility within the organization.

“We are focused on creating smarter and more efficient systems for managing our growing system, improving planning and forecasting, and enabling agile decision-making,” said Jo Ann Escasa-Haigh, Executive Vice President & Chief Financial Officer, Operations at Providence St. Joseph Health. “We are excited to partner with Oracle to deliver a solution to match our expanding needs.”

Oracle ERP Cloud’s complete, modern, and innovative platform will help Providence St. Joseph Health transform its finance function by enabling increased productivity, lower costs, and improved controls. Oracle EPM Cloud will enable Providence St. Joseph to analyze data for accurate forecasting and budget planning. Oracle SCM Cloud will help increase the efficiency of operations by enforcing procurement policies, providing real-time insights, and automating demand/supply planning. Oracle HCM Cloud will provide insightful data and tools to help Providence St. Joseph Health optimize talent management, gain complete workforce insights, and increase operational efficiency to drive a better employee experience.

“Oracle Cloud Applications will support Providence St. Joseph Health in driving our vision of digital innovation in our business processes, agility in our deployment of solutions, and long-term value and scalability,” adds Janice Newell, Executive Vice President, Information Services & Chief Information Officer at Providence St. Joseph Health.

“Technology plays an important role in the healthcare industry, from helping offices run more efficiently to enabling hospital staff to deliver more accurate diagnoses and save more lives,” said Steve Miranda, Executive Vice President, Applications Product Development, Oracle. “Oracle Cloud Applications will significantly improve business systems and organizational efficiency to help Providence St. Joseph Health provide superior patient care and better respond to community health needs.”

Additional Information

For additional information on Oracle ERP Cloud applications, visit Oracle Enterprise Resource Planning (ERP) Cloud’s Facebook and Twitter or the Modern Finance Leader blog.

More information on Oracle HCM Cloud can be found on the Modern HR in the Cloud blog, follow @OracleHCM on Twitter or Facebook.

For additional information on Oracle SCM Cloud, visit FacebookTwitter or the Oracle SCM blog.

To learn more about Providence St. Joseph Health, visit psjhealth.org.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
Nisha Morris
Providence St. Joseph Health PR
1.714.414.3232
nisha.morris@stjoe.org
About Providence St. Joseph Health

Providence St. Joseph Health is committed to improving the health of the communities it serves, especially those who are poor and vulnerable. Including 50 hospitals, 829 physician clinics, senior services, supportive housing and many other health and educational services, the health system and its partners employ more than 111,000 caregivers (employees) serving communities across seven states – Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. With system offices based in Renton, Wash. and Irvine, Calif., the Providence St. Joseph Health family of organizations works together to meet the needs of its communities, both today and into the future. For more information about Providence St. Joseph Health, visit psjhealth.org.

About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information 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, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Evelyn Tam

  • 1.650.506.5936

Nisha Morris

  • 1.714.414.3232

Caesars Entertainment Transforms Its Iconic Business with Oracle

Wed, 2018-02-14 07:15
Press Release
Caesars Entertainment Transforms Its Iconic Business with Oracle World-leading gaming and entertainment company selects Oracle Cloud Applications to transform business processes

Redwood Shores, Calif.—Feb 14, 2018

Caesars Entertainment Corporation, the world’s most diversified casino entertainment company, has selected Oracle Cloud Applications to improve the experiences of its guests and employees. With Oracle Cloud Applications, Caesars Entertainment has increased business agility and reduced costs by streamlining financial processes and improving employee productivity and engagement across its entire business operations, which includes Harrah’s, Caesars and Horseshoe.

To modernize business processes while continuing to provide its guests with unsurpassed service across 47 properties in five countries, Caesars Entertainment needed to completely rethink its existing business systems. With Oracle Enterprise Resource Planning (ERP) Cloud  and Oracle Human Capital Management (HCM) Cloud services, Caesars Entertainment has transformed its business by connecting 650 disparate systems to a cloud-based solution that unifies business and employee data on a modern, unified platform.

“We are always looking at how we can provide guests with the best possible services and products,” said Keith Causey, senior vice president and chief accounting officer, Caesars Entertainment. “While we have traditionally focused on the guest experience, a critical part of that process involves the business applications we use to run our organization. Oracle Cloud Applications enabled us to modernize our financial and HR systems so that we could quickly and easily embrace industry best practices, connect disparate applications and data sets and improve productivity.”

Oracle Cloud Applications will enable Caesars Entertainment to benefit from a complete and fully integrated suite of business applications. With Oracle ERP Cloud, Caesars Entertainment will be able to increase productivity, lower costs and improve controls by eliminating spreadsheets and manual processes. Oracle HCM Cloud will enable Caesars Entertainment to find, grow and retain the best talent and achieve complete workforce insights by streamlining access to internal and external talent and delivering advanced reporting and analytics.

“Caesars Entertainment has become part of the American culture, earning its place in the minds of millions worldwide,” said Steve Miranda, executive vice president of applications development at Oracle. “With Oracle Cloud Applications, Caesars Entertainment has embraced modern finance and HR best practices, increased productivity and dedicated more resources to its ongoing mission to provide guests with amazing experiences.”

Contact Info
Evelyn Tam
Oracle PR
+1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information 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, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

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Evelyn Tam

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Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade

Wed, 2018-02-14 07:00
Press Release
Report: Cloud Services to Increase U.S. GDP by $2 Trillion over the Next Decade New research from Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at Wharton, predicts cloud accessibility to technologies such as blockchain, AI, and automation, will power the next big wave of U.S. productivity

Oracle Modern Finance Experience, New York, NY—Feb 14, 2018

Oracle (NYSE: ORCL) today published a report examining the potential impact of cloud services on the United States economy. Authored by Dr. Michael Mandel, senior fellow at the Mack Institute of Innovation Management at the Wharton School and commissioned by Oracle, the report estimates that a cumulative US$2 trillion will be added to U.S. Gross Domestic Product over the next ten years as a result of the productivity and innovation gains that cloud services will deliver. These gains will be attained through the widespread diffusion of advanced technologies such as blockchain, artificial intelligence, cognitive computing, machine learning, and intelligent automation; as well as industry best practices.

The report, titled “Intelligent Finance: How CFOs Can Lead the Coming Productivity Boom builds upon a 2017 study conducted by Dr. Mandel on behalf of the Technology CEO Council. It provides CFOs and finance leaders with a deeper understanding of the potential productivity and profitability gains that can be realized by embracing cloud services and the emerging technologies and best practices they contain.

Dr. Mandel’s research shows a widening productivity divide between the organizations and industries that have invested in software technologies and those that haven’t. But, the report predicts cloud services will close the productivity gap as organizations and industries that have traditionally lagged in technology adoption begin to take advantage of more cost effective and accessible cloud-based solutions. These gains will benefit workers, shareholders, and the broader economy. 

“The cloud era will give low-productivity organizations and industries access to the same technology and best practices that companies in high-productivity industries benefit from,” said Dr. Michael Mandel. “By standardizing and automating routine tasks, the lower producers will increase efficiency and reduce the cost of many processes, which will help them self-fund further investments in technology, develop new capabilities, and redeploy and hire resources for higher-level and better-paid tasks.”

One low-productivity industry that is well-poised to take advantage of emerging cloud technologies is healthcare—a $3 trillion industry.

“Cloud services now provide us with the basis for integrating our financial data with population health data,” said Michael Murray, senior vice president and chief financial officer at Blue Shield of California, which provides healthcare coverage for more than four million Americans. “Through data analytics and better population health management, the United States could remove hundreds of millions of dollars in costs out of the healthcare system. It’s a huge economic opportunity and will ultimately enhance clinical quality and patient outcomes.”

“The potential impact of emerging technologies on society cannot be understated,” noted Dave Donatelli, executive vice president, Cloud Business Group, Oracle. “In addition to creating new jobs and industries based on technology innovations in areas such as 3D printing, artificial intelligence, and cognitive computing, new technologies can help address some of our country’s basic needs. For example, many Americans are struggling to afford the high cost of healthcare coverage and basic medical expenses. Imagine if technology could predict illness and health risks to keep the population healthier. Similarly, cloud-based technologies have the potential to bring down the cost of education, using artificial intelligence, bots, and IoT to create more efficient institutions and better student outcomes.”

As part of the research, Dr. Mandel conducted in-depth interviews with CEOs, CFOs, and other top executives at companies in key industries identified as essential to U.S. economic growth.

Oracle customers who participated in the report, include:

  • Blue Shield of California (healthcare)
  • Carbon (manufacturing)
  • ConnectOne Bank (financial services)
  • FairfieldNodal (oil & gas)
  • Oracle (high tech)
  • Shawnee State University (education)
  • The Wonderful Company (retail/consumer)


The full report can be downloaded at www.oracle.com/intelligent-finance-report.

Contact Info
Evelyn Tam
Oracle PR
1.650.506.5936
evelyn.tam@oracle.com
About Oracle

The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor Disclaimer

The preceding is intended to outline our general product direction. It is intended for information 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, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

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