Resources and guidance for supporting employees, customers, and partners during this unprecedented health crisis.
- December 15, 2020
Introducing the Cognitive Enterprise for Oracle Cloud
Robert Churchyard, Global Oracle Leader and Senior Partner, IBM
According to the most recent edition of the IBM Global C-Suite Study, 74% of business leaders believe they face existential threats to their company’s current business model. Over half the respondents say they face threats from competitors using innovative technologies or approaches. These threats are typically powered by emerging technologies such as machine learning, robotic process automation (RPA) and the Internet of Things (IoT).
In short, organizations are embracing these technologies to create new business models and competitive advantage.
With the onset of COVID-19, organizations have been compelled to make huge changes to their operations and business models. These changes can be felt across finance, procurement, supply chain, manufacturing and the workforce. Companies are already earmarking funds for machine learning, RPA and IoT, and they have a growing interest in other emerging technologies.
A 2020 IBM survey, COVID-19 and the Future of Business, surveyed more than 3,000 executives across 20 countries. The results showed that:
- 59% of organizations say COVID-19 has fast-tracked investment in digital technologies
- 60% say COVID-19 has accelerated process automation
- 64% acknowledge COVID-19 has driven a shift to more cloud-based business activities
- 65% say investment in IoT, cloud, and mobility will be a priority
- 94% plan to participate in platform-based business models (focused on building and facilitating a network, as opposed to selling or licensing goods and services)
Top performers use cloud and emerging technologies to differentiate
Another 2020 survey shows a distinct relationship between top performers and investment in cloud and emerging technologies. Combined, they can help deliver the agility and insight to differentiate. A major finding of the report was that top performers are 50% further along in adopting cloud, and up to 60% more likely to analyze performance metrics in real time with the help of machine learning.
IBM Cognitive Enterprise Platform for Oracle Cloud Applications
To help customers in their efforts to become top performers, IBM has developed the Cognitive Enterprise Platform for Oracle Cloud. This platform combines the best of Oracle Fusion Cloud Applications with multi-function processes (such as planning, payroll, etc.) powered by these new technologies. Integrated into Oracle Cloud Applications, we leverage new technologies to extend business processes through what we call “intelligent workflows”—new processes in which the data from your Oracle Cloud Applications is combined with machine learning, RPA and IoT to deliver more automation, efficiency and insight. The platform is available for Oracle Cloud ERP, enterprise performance management, supply chain, customer experience, and human capital management—delivering additional business value across finance, procurement, supply chain, manufacturing and HR.
Our platform is also available as distinct industry solutions for specific requirements and differentiation. It helps customers achieve greater process maturity and become a top performer.
Learn more
Join me for a complimentary live virtual experience featuring industry sessions, panel discussions, and live Q&A sessions focused on solving today’s business challenges. The series will highlight business transformation in finance, procurement, supply chain and human capital management and take a deep dive into five industries. Sessions will be thirty minutes, held every Thursday at 12:00 PM Eastern Time. You can watch the replay of the keynote and register for our next sessions via the link below.