Analyst firm IDC recently published its IDC MarketScape report for ERP in the cloud, “IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP Applications 2017 Vendor Assessment.” We’re pleased to announce that Oracle has been recognized as a leader in cloud ERP for large enterprises.
SOURCE: “IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP Applications 2017 Vendor Assessment”, by Mickey North Rizza, Jordan Jewell, Kevin Permenter and Eric Newmark, October 2017 IDC #US42219217
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
In its analysis of the market, the IDC MarketScape states that Oracle is one of two cloud providers offering a “full stack” in the cloud—including Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Servive (IaaS). “This benefits Oracle's customers that purchase Oracle ERP Cloud because their applications and data are within in a single ecosystem,” the authors write.
“Through integration with the broader Oracle SaaS portfolio including Oracle Human Capital Management, Supply Chain Management, and Customer Experience, Oracle ERP Cloud offers customers a comprehensive, practical, business-driven, and rapid adoption path forward. Oracle supports more than 50 localizations and over 25 languages on its SaaS ERP applications, making it a leader in geographic capabilities.”
The need for leading geographic support is especially important to large enterprises, who require global support. The authors note, “Globalization aspects such as datacenter support by country and multi-currency and multi-language capabilities and the ability of the solution to dynamically update based on worldwide regulatory changes are all critical elements for large enterprises.”
Of particular interest in this year’s IDC MarketScape is the emphasis on innovation and the capabilities that drive it. “ERP software packages are becoming more intelligent with cognitive properties such as machine learning, deep learning, natural language processing, and advanced analytics on top of large curated data sets,” the IDC MarketScape states.
Cloud applications (including ERP) embedded with these technologies can rapidly analyze high volumes of data and make specific recommendations—for example, advising which suppliers are most likely to provide a discount in exchange for prompt payment of invoices. Such automated recommendations help the business make better, more informed decisions, improving cash flow and driving profitable growth.
With these emerging technologies, the IDC MarketScape notes that “operating costs are reduced because routine tasks have been simplified, human errors eliminated, basic business processes automated, and additional drilldowns, data extraction, and analysis eliminated.”
In its evaluation of Oracle ERP Cloud, the IDC MarketScape notes that Oracle continues to add capabilities in the areas of emerging technologies, such as AI, machine learning, IoT and data analytics. “Oracle continues to expand its accelerated response applications called Adaptive Intelligent Apps tied to its ERP suites. The offerings span ERP, human resources, customer experience, and supply chain and intuitively learn from interactions with an enterprise's data.”
From the addition of emerging technologies, to more bread-and-butter issues like security and scalability, ERP cloud offerings continue to advance. Among the business pressures driving large enterprises to the cloud are the large-scale transformation of whole economies into digital markets; the need for real-time data analysis to make better, faster, smarter decisions; the high cost of securing on-premises data centers, and the ever-increasing risk of a breach; and the desire for a trusted partner who can keep the business up-to-date with the latest innovations, controls and regulatory requirements.
In light of these drivers, the IDC MarketScape recommends that large enterprises looking at ERP in the cloud ask the following questions:
With updates rolled out several times per year, the cloud makes innovation easier than ever before—especially when the provider understands that innovation is critical to success in today’s digital economy. Look for a trusted innovation partner that delivers a future-ready cloud, and who works with a vibrant ecosystem of customers and partners to continually develop the latest capabilities and support your business in any market.