As IT leaders automate the delivery of infrastructure, errors and labor expenses can arise that add unnecessary complexity to the organization. Artificial intelligence (AI) and machine learning (ML) can help by reducing errors and labor costs. These tools can also help organizations measure how simplified processes, increased agility, and reduced risk are impacting the business overall.
Accelerate business operations
Business users can gather data from multiple sources and spend more time on analysis, removing labor intensity from managing cloud-scale data for better performance. With automated processes, it becomes easier for companies to address timely requirements, such as providing health officials with data, enabling HR to support remote work, or improving inventory management through supply chain projections. To scale their business, leaders need to prioritize implementing digital strategies and answering questions, both of which help speed up time to market.
Increase agility and improve performance
60% of companies have revised their IT strategy plans in the last year to take steps toward short-term and long-term success. To keep up with the pace of innovation, Oracle Cloud Infrastructure (OCI) can scale to meet changing demands. For example, companies can adopt cloud native applications and migrate on-premises applications to the cloud to increase agility and performance.
The flexibility of OCI allows organizations to quickly handle the most complex workloads and rapidly deploy applications to free up funds and focus on the importance of innovation.
Achieve a competitive advantage
To stay ahead of the competition, organizations can build data-driven strategies with a fully automated cloud database service optimized for analytic workloads and capabilities to run different data types and workloads on a single database. OCI is built with intelligent applications and digital assistants using ML and AI on an open, integrated application development platform. As IT looks to developers to quickly access necessary information, flexibility in resources can provide them with access to choose technology and tools to set up for success.
Innovation in action
Organizations across every industry are recognizing the value of cloud and finding new ways to optimize and innovate. For example, Lyft implemented Oracle solutions and was able to cut the time it takes to close its books on the revenue component of the ledger by more than half. By turning to Oracle Autonomous Data Warehouse, Lyft moved away from running 30 finance systems and implemented one data model across operations and finance. Innovating their cloud technology, they consolidated 30 financial and operational systems into one data model that, combined with Oracle Analytics, provides new growth opportunities to Lyft’s finance team.
“The world’s going a thousand miles an hour, so for me to say, Wait I need another week’ just doesn’t work anymore,” said Lisa Blackwood-Kapral, chief accounting officer at Lyft. “Oracle is reimagining the financial systems footprint. It’s a true transformation at Lyft with the products we’re implementing.”
For Mazda, running applications on OCI has a 50% lower total cost of ownership over five years compared with their previous on-premises data center environment. Their OCI environment also provides up to a 70% performance improvement. With Oracle’s support, Mazda adopted a software solution that works across their entire global organization with flexibility and easy access to on-demand analytics.
“We migrated a global inventory management system that tracks thousands of automotive repair parts and accessories from an on-premises system to Oracle Cloud Infrastructure,” said Masahiko Tamura, general manager of the supply chain systems department at Mazda Motor Corporation
Solution for innovation
Oracle provides autonomous services to make data and the cloud easier to manage, flexible options for a multicloud or hybrid environment, and services to migrate and develop applications quickly. With these solutions, organizations can take the right steps forward to modernize, innovate, and compete.
Learn more by reading the full ebook to find out the three steps to innovate with the cloud.