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Oct 2 2023
Why More Companies Need Oracle Cloud

Oracle Cloud is one of the best platforms for cloud services because it supports several enterprise-ready applications. At the same time, it allows organizations to design custom applications for not only their business processes but other existing cloud environments.

Today several businesses use Oracle Cloud as their service provider. This is one of the ways to ensure performance, security, and value.

Oracle Cloud Infrastructure (OCI) is a public cloud developed for running enterprise applications. It uses tools designed to help business leaders quicken existing processes even as they support strategic business decisions.

Sometimes Oracle Cloud Infrastructure platforms support services and tools used to construct new cloud-native, mobile applications, and open-source on a unified network interface. This article discusses other reasons why more companies are leaning on Oracle Cloud services and databases. 

Oracle Cloud promotes long-term plans

Oracle Cloud Infrastructure is one of the best second-generation public-cloud architectures developed to be the foundational layer for Oracle Cloud. Oracle Cloud Infrastructure was designed to provide governance necessary to support mission-critical, performance predictability, performance-intensive workloads, and ensure design security.

Oracle Cloud offers your businesses the storage, database, compute, platform services, and networking, necessary to ensure you deliver the best business outcome even as you restrategize the needs of your data center.

It provides security

One important factor in a successful business is the ability to keep customers’ data secure. This is necessary to build their trust and retain them.

Security is one of the key features of Oracle Cloud Infrastructure because it integrates security into the cloud platform infrastructure which enables businesses to benefit freely from industry-grade security.

It ensures internal-threat detection, automated threat remediation, customer isolation, and data security. To achieve this in-depth defense, oracle isolates network resources and computes thereby shielding your data and traffic from other users.

It also separates your data, code, and resources from management machines which helps to prevent hackers from manipulating or stealing your data in the cloud. With encryption designed to recognize and prevent threats, built-in firewalls with defense layers, and granular customer isolation, Oracle Cloud ensures attacks are limited on the surface.

Now customers can create new identities using adaptive authentication that automatically verifies when user activity shows a high level of risk. There is no doubt, Oracle Cloud provides the best portfolio of security services and on-premise solutions.

Oracle Cloud ensures maximum performance

To date, Oracle Cloud Infrastructure offers the best performance available in the industry. Workloads deployed using Oracle Cloud Infrastructure require few block-storage volumes and compute servers to lower the cost involved in delivering optimized workload performance.

Oracle Cloud Infrastructure not only helps to reduce latency but also minimizes the risk of impacting customer environments using other network providers. This is mostly supported using the industry’s most financially backed, complete, end-to-end SLAs.

It is optimized for Oracle workloads

There are several unique tools and features of Oracle Cloud Infrastructure that support the efficient running and migration of Oracle business applications and database portfolios. To carry out these Oracle workloads, you only need to make minimal energy which reduces the length and cost of migrating to the cloud.

Oracle Cloud Infrastructure’s main priority is to provide the latest hardware and technology needed to improve customers’ performance consistently. Oracle Cloud Infrastructure uses ML workloads to provide AI-based insights, which enables customers to gather key data and connect to multiple data sources used in supporting business decisions.

Oracle Cloud Infrastructure is the foundation for several leading-edge services like microservices, integration, blockchain, and containers. It also offers an enhanced scale used to support the deployment of IoT.

It can be used to optimize performance

From being a second-generation platform to providing remote direct memory access for technical clusters, Oracle offers several unmatched features in the market. Businesses can also use Oracle Cloud Infrastructure to enhance innovations.

Moreover, these Oracle Cloud Infrastructure workloads are best designed to provide consistent performance, low latency, resiliency, and high availability. This means that multiple copies of your data automatically replicate when you store it using Oracle’s object storage.

This encourages resiliency and high availability which is necessary to ensure that your data remains healthy and accessible to users.

It can be used to streamline digital transformations

Although legacy applications are cumbersome especially when trying to migrate to the cloud, Oracle Cloud Infrastructure helps businesses strengthen their digital defenses. They achieve this using custom security chips that not only ensure scalability but also simplify the entire process of cloud migration.

It supports the development of applications

Oracle is one of the best ways to move and extend applications using end-to-end app development support. This is because oracle moves at a fast pace thereby providing a standards-based, open, and fully integrated app development platform for you to deploy, manage, and modern, first cloud mobile- and API applications cost-effectively.

Oracle also supports cloud-native low-code and container developments which means businesses can migrate applications without using re-architecture.  

It supports high computing performance

Oracle Cloud Infrastructure helps businesses compete with major competitors in the industry by processing, analyzing, and storing massive amounts of data. This can be done using advanced engineering, biomedical research, and video streaming however you should know that in HPC, clouds do not respond equally.

How to know Oracle Cloud is suitable for your business

Oracle Cloud is specifically designed for businesses struggling to maintain their legacy systems. However, there are specific signs to help you detect if your business needs Oracle Cloud implementation. 

  • Growth limitations. You will always find software issues on legacy applications that do not scale, support, or modernize with business growth.
  • Failed customer expectations. If your business always fails to met and accommodate the expectations of customers and employees, it risks looking them to competitors.
  • Interoperability through disparate systems. When the resources and applications of businesses are increasingly different from each other, it is an indication that it needs an Oracle Cloud update.
Conclusion

Oracle Cloud Infrastructure provides several tools that allow businesses to migrate their data to the cloud seamlessly. This improves security, minimizes workload, promotes long-term plans, and ensures maximum performance.

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Oct 2 2023
How Oracle Cloud Can Contribute to Your Digital Transformation Success

The word digital transformation is often used interchangeably with digitization and digitalization. While digitization refers to the process of transferring information from its manual form to digital form, digitalization involves using digital technology to handle activities we do regularly using improved methods that yield more positive outcomes.

It is through digitalization that we now have digital transformation. Digital transformation refers to the process through which people use technology, processes, and people to improve their business forward in new ways.

Generally, digital transformation is driven by a person’s ability to preserve resources and create a better life for citizens. It helps businesses and different organizations generate better results by connecting them to people, places, and things.

There is no digital transformation without technology which is why you need to choose the most suitable technology to achieve your desired goal. From augmented and virtual reality, AI, networking capabilities, the Internet of Things (IoT), video-based analytics, machine learning, clouds, and beyond, digital transformation includes a wide variety of technology.

Elements of digital transformation

Beyond looking for the best way to use technology for a positive outcome, there are so many strategic approaches to digital transformation. Here are three foundational elements of digital transformation.

The cognitive element

Digital transformation involves the use of machine learning and AI for data analysis, which leads to the cognitive and thinking element of digital transformation. The rise in this technology changes the way data scientists and analysts drive the need for expert-level knowledge workers.

The physical element

Because digital transformation involves the use of technology to transfer businesses from manual to digital processes, it can be said to have a physical element. Generally, transmitting from recordkeeping using papers to a computerized way of collecting data involves the use of robotics, machine learning, and AI, including the installation of data sensors used for transmitting data, which are common examples of physical transformation.

The cultural element

The cultural elements of digital transformation involve the use of human beings as resources to act and react in a certain way within their environment. With the existence of new technologies and smart machines, the role of workers changes to accommodate technology-enabled processes and capabilities. Everyone must understand the significance of digital transformation so they can make a change and create a better foundation for success.

How the cloud affects digital transformation

In technology, the cloud plays an important role in the type of agility it provides. This goes a long way to address common challenges that exist in digital transformation like the cost factor and integration of infrastructure.

With cloud, you have the speed and flexibility needed to outpace the competition and quicken your transformation all within your scope and budget.

Steps to guide digital transformation

The success of any digital transformation begins with strategic planning; however, there are certain factors you should consider before you begin your journey. These factors when put in place will enable your employees and customers to benefit from the process. Here are a few steps to guide you through this strategic planning.

1. Identify your vision

The first step in digital transformation is to discover your vision. The goal here is to identify your reasons for the transformation including the results you want to achieve. Doing this will provide a smooth flow to guide you through the other steps you should take.

2. Develop your digital journey process

You must be able to develop a blueprint of how the use of digital technology relates to your journey and what difference these technologies will make in helping you achieve your final goal. You should map this digital journey whether you want to transform manufacturing operations or you want to create a better experience for customers.

3. Perform a personal assessment on digital maturity

To see how far your business leverages digital capabilities and the areas and processes that need improvement in technology, you should perform a digital maturity assessment. Moreover, this assessment will help you determine the best environment for your transformation.

4. Review your digital capacities

The goal here is to identify current gaps that exist in digital infrastructure to help you choose the right technology that fits into these gaps. To achieve this you should develop a model for people, data, processes, and tools to work using one integrated platform. This will ensure that everyone plays a role in achieving the desired goal with speed and agility.

5. Design your transformation roadmap

You need a concise, clear, and actionable roadmap to help you define what structure is most suitable for maximizing value, and reducing the risk and cost used to achieve transformational initiatives. It will also allow you to create room for changing priorities and flexibility as new technologies emerge.

6. Use cloud applications to hasten your digital vision

Thankfully, there are several cloud applications with built-in, future-ready, and end-to-end business processes that can be used to help you stay updated with new developments. These cloud applications will not only help you accelerate your business growth but will also provide a complete, transformation process.

How Oracle perceives the digital transformation process

Over time, Oracle put into practice its mastery of digital transformation and cloud technologies. As a result, Oracle successfully transformed its internal operations.

Through the implementation of Oracle Cloud, Oracle became an end-to-end cloud provider and enterprise that shares its experiences for the benefit of others. To achieve this digital transformation process, here are four building blocks of experience implemented by Oracle across the business.

  • Reduce remove and simplify employees and customer experience
  • Enable employees and customers autonomously complete their personalized experiences
  • Create a positive experience so that employees and customers want to come back for more
  • Use Oracle Cloud to create an end-to-end experience as much as possible using automation.
Conclusion

Almost every business can benefit from digital transformation by creating value for employees, customers, and partners. These technologies are changing the way people live, work and play. It is important to implement digital transformations that not only target business challenges but also address strategic objectives for the success of your business.

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Oct 2 2023
Top Benefits of Oracle HCM Cloud

From managing payroll, performance, time, and absence, there are several reasons organizations need Oracle Human Capital Management (HCM) cloud. Oracle HCM cloud refers to the method used to deliver an end-to-end solution to HR leaders to enable them to manage every stage of the employee lifecycle.

This includes onboarding, screening, hiring, compensation, and benefits, optimizing workflow, and developing and reviewing talents. By building HCM cloud solutions with an AI-first approach, executives and individuals can make decisions faster and smarter.

Here, organizations have the opportunity to align their business goal to the HR department within the organization using a combination of customer experience, supply chain, financials, and other modules. Oracle HCM cloud offers the following services;

  • Talent management. Oracle HCM Cloud helps organizations find, hire and retain their services using Goal and Performance Management, Talent Acquisition, Talent Review, and Succession Planning, Career Development.
  • Work-life solutions. Using volunteering and wellness programs, Oracle HCM cloud also engages employees to work and life solutions.
  • Global HR. This one of the best was organizations globally optimize their operations and engage their workforce. To do this, these organizations use Workforce predictions, directories, modeling, workforce Health and Safety Incidents as well as Core HR.
  • Workforce management. Using labor and absence management, the Oracle HCM cloud helps organizations optimize their time.
  • Workforce rewards. Oracle HCM cloud also helps organizations win and differentiate talent through the use of compensation, benefits, payroll, etc.

Benefits of using Oracle HCM cloud

Below are a few top reasons organizations use Oracle HCM cloud.

1. It protects and secures data

As more and more organizations continue to distribute their workforce, it is important to ensure that data available within an organization is accessed only when intended. Thankfully Oracle is designed with a strong security culture which makes it a trusted option for global organizations looking for strict security requirements. Oracle HCM Cloud also ensures that HR data remains secure by monitoring user access and activity.

2. It improves business value

Another interesting benefit of the Oracle HCM Cloud is that Organizations can use it to improve the value of their business. This is because the process involves a low cost of ownership, better user engagement and adoption, improved productivity, and streamlined processes.

3. It encourages personalized user experience

Today as many HR teams strive to evaluate their technology, it is important that employees have a complete employee experience platform that allows them to have a tailored user experience. Oracle HCM cloud provides employees with an experience platform that provides communication and guidance to help connect with managers and colleagues genuinely. By integrating workflows, networking, listening, and supporting open platforms, this platform encourages employees to create meaningful connections.

4. It helps create a strong HR

Oracle HCM cloud solution unites the cloud across finance, HR, sales, and beyond where customers can get a source of truth to make confident decisions for their business. It helps employees adopt a strategy that is easy to scale and that can also be adjusted in times of uncertainty. Now organizations have an active platform for sharing their best practices, advancing HR careers, and troubleshooting issues.

5. It is a complete enterprise solution

Oracle HCM Cloud allows organizations to build software-as-a-service (SaaS) applications using cloud platforms and infrastructure. This creates an easy-to-configure dashboard using data from sales, finance, and HR for driving growth and managing people costs. Using these applications and data on a single platform makes it easy to have unobstructed visibility and increased data security across your organization.

6. It encourages customer success

Another interesting reason organizations use Oracle HCM cloud is that it ensures customer’s projects are successful. This is because customers now have access to on-demand education, success planning tools, and an implementation success manager. It also encourages 24/7 customer service which is suitable to help customers maximize their investment.

7. It is extensible and adaptable

Generally, HR involves agile solutions that help customers adapt to new challenges quickly. With Oracle HCM cloud customers can adapt to the changing needs of business practices, environments and regulations. Now customers can configure an organization’s charts and model workforce changes using set-up processes and compensation data with little or no involvement in IT.

8. It helps to boost innovations

One of the biggest benefits of the Oracle HCM cloud is that it encourages innovation. This is because it allows customers to give feedback based on their personalized experiences. 80% of innovations are often a result of customer feedback. With this feedback, organizations can improve customer experience and provide better services.

9. It encourages global talents

With organizations both at local and global levels adopting the use of Oracle HCM cloud, there is no doubt that it is a global platform. This platform cuts across the regional and international needs of over 27 languages and 200 jurisdictions. Now customers from different parts of the world can learn from each other and yet secure user data.

Other key benefits of Oracle HCM cloud include:

  • It allows organizations to optimize staffing strategies and utilization by aligning their level of experience and skills thereby influencing their global resource pool.
  • Oracle HCM cloud global human resources to boost the wellness of employees using innovative work-life solutions like social and mobile technology
  • Through talent management, Oracle HCM cloud encourages blended learning to ensure productivity using its unique learning platforms
  • The human resource optimization feature of Oracle HCM cloud provides certain workforce predictions often resulting in more accurate decision-making.
  • The talent acquisition feature of Oracle HCM cloud allows users to source candidates through employee referrals and social marketing to help them find and retain top talents.

Conclusion

Oracle HCM cloud was designed as a single cloud solution that connects several processes throughout an organization’s lifecycle. This creates a platform for learning, talent acquisition, talent management, workforce planning, employee experience, benefits, payroll, health and safety, HR help desk, time, labor, and analytics.

From providing a consistent experience across several devices, improving decision-making, and empowering organizations with market-leading innovations, there is no reason why you should not adopt the Oracle HCM cloud today.

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Oct 2 2023
A Guide To Oracle ERP Cloud

It also has advanced features like AI and machine learning, making it the perfect option for businesses hoping to benefit from the development of ERP in the future.

What is ERP?

Organizations utilize enterprise resource planning (ERP) software to control routine business operations like accounting, purchasing, project management, risk management, and supply chain management.

Additionally, ERP systems cover enterprise performance management, which aids in planning, budgeting, forecasting, and reporting financial outcomes. ERP systems enable data flow, eliminate duplication, and provide data integrity by connecting multiple corporate activities. They are essential to running thousands of businesses across all sizes and sectors.

ERP for Businesses

Accounting, finance, procurement, project management, supply chain management, and manufacturing are just a few of the various aspects of a production- or distribution-based firm managed by an integrated platform called enterprise resource planning (ERP) systems. They use fundamental accounting operations to support manufacturing, human resources, supply chain, and financial management.

ERP systems track manufacturing, logistics, and finances to provide the entire business process transparency. With industry-specific adaptations, they serve as a central center for end-to-end workflow and data, enabling several roles across corporations, mid-sized, and small businesses.

What is Oracle ERP Cloud?

Oracle ERP Cloud is a SaaS platform that ensures modern data security and scales with corporate development.

Its vertically integrated stack and flexible deployment options keep data under control. Oracle ERP Cloud is also known for its interconnectivity, which enables simple and safe data sharing across users. Security is a top priority, along with analytics, automation tools, reporting, and user experience. The platform’s layered approach enables business process simplification and greater production.

Background of Oracle ERP Cloud

Oracle was founded as Software Development Laboratories, a Silicon Valley startup.

The company quickly gained a reputation for developing cutting-edge database technology. In one notable example, Oracle saved $1 billion by integrating its systems with “E-Business Suite 11i.”

Oracle’s software continues to set the standard for ERP systems and promote expansion in key markets. For example, Oracle provides complex machine learning software for the CERN Openlab and high-performance cloud apps for heart disease research.

Oracle also pioneered software-as-a-service (SaaS) solutions and offers top-notch software for the manufacturing, food and beverage, and medical industries. Oracle software is rigorously reviewed and approved by industry experts, and it consistently ranks highly in surveys conducted by independent research organizations.

Features and Functions

Financial Management

The financial management module is a major component of an ERP system that tracks accounts payable and receivable, oversees the general ledger, and creates and maintains vital financial records, including balance sheets and payment receipts.

This module heavily emphasizes automation, including joint venture accounting, expenditure management, billing, vendor payments, and asset management. Automated cash management improves cash flow projections and simplifies cash transaction analysis. As a result, accounting teams can close books more quickly, save time, and follow revenue recognition rules. Automation of the balance sheet delivers almost real-time data for precise financial condition snapshots.

Procurement

The procurement module in an ERP system automates, tracks, and analyzes quotes to improve the process of buying goods or materials.

It also facilitates the development and distribution of purchase orders, ensures compliance spending, strengthens supplier relationships, and boosts profitability. The module streamlines the entire procurement process, including direct purchases of goods and services, as well as purchasing and spending. By using real-time data, it increases purchasing power, secures the best price, and minimizes supply disruptions.

Supply Change Management

Supply chain management (SCM) modules track how products move from suppliers to customers within a company.

They help to effectively plan demand, supply, order fulfillment, and production, which reduces costs and disruptions. By using demand projections to calculate ideal inventory levels, SCM systems help to prevent overstocks and stockouts. Order management processes can be automated to save time and money. Additionally, SCM modules forecast demand using tools like segmentation and machine learning, resulting in a supply chain that is more resilient to changes in the market and external shocks.

Manufacturing 

The manufacturing module in an ERP system makes it easier to plan and manage production runs, ensure raw material availability, smooth shop floor operations, and reduce costs without sacrificing quality.

It also enables mixed-mode manufacturing, which combines discrete and process manufacturing to diversify portfolios and attract new customers. Additionally, it tracks expenses, deviations, and output against estimates, and compares supply to anticipated demand.

Risk Management

By enhancing financial controls with machine and Artificial intelligence, the risk management and compliance module enables finance teams to stop cash leaks, enforce audits, and guard against emerging risks. It streamlines audit and SOX compliance workflows, risk management, and business continuity planning. It automates procedures like separation of duties reporting and user access control.

Customer Relationships

CRM modules improve sales and marketing procedures by tracking customers, providing segmentation information, and suggesting cross-sell opportunities.

They also track communications and leads, as well as order history, issue ticketing, quote development, and sales agent productivity. CRM software should track customers from initial marketing to sales and ongoing customer support.

Some businesses or ERP vendors focus on financial management and back-office operations, while others add front-office responsibilities like managing client relationships.

Human Resource

Human capital management (HCM) modules, also known as human resources management (HRM) modules, are ERP modules that handle personnel records, such as attendance, performance reviews, and job descriptions.

They automate tasks such as annual spreadsheets, minimizing duplicate data and improving accuracy. HCM modules also automate operations like personnel scheduling, hiring, and salary management, making internal workflow collaboration simpler.

Conclusion

Oracle ERP Cloud is a versatile and cutting-edge solution that can be tailored to the needs of businesses of all sizes.

It provides real-time information that helps businesses better understand their processes and make better decisions. While the implementation and cost of Oracle ERP Cloud may vary for small businesses, it can be a valuable asset for growing and large businesses.

ERP Cloud operations are the future of business, enabling constant innovation, collaboration, and faster, more accurate insights into corporate data.

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