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Events
September 18, 2019
Recapping Oracle OpenWorld 2019 Day 2: Spearheading Innovation Within
Momentum for Oracle OpenWorld continued into day two as attendees returned to San Francisco’s Moscone Center for more sessions and keynotes. Innovation was at the center of conversation in HCM, as presenters reflected back on their implementation projects and looked forward to how their HR organizations would transform in the months ahead. The day was further punctuated with the announcement of our Fall Update.
Here’s what we heard around the conference today.
Keynotes Highlight Innovative Approaches to HCM Adoption
Day 2 started with a keynote delivered by Oracle CEO Safra Catz who discussed the importance of technology modernization. She challenged attendees to take a hard look at their innovation strategy regarding product development, hiring, and ability to manage disruption. With respect to disruption, she encouraged organizations to further invest in people, who are critical to the core of their business.
The second keynote of the day featured Executive Vice President of Oracle Applications Product Development Steve Miranda. Flanked by several customers on stage, Miranda echoed Catz’s message of being able to pivot quickly to capitalize on market changes, while highlighting customer stories from a leading global hotel brand and a leading manufacturer.
Envisioning the Workforce of the Future
Also speaking to the innovations impacting HR was the afternoon’s keynote speaker Chris Leone, Oracle SVP of Application Development for HCM Cloud, accompanied by Deloitte Partner Walt Sokoll. Leone detailed how Oracle HCM Cloud was continuing to innovate, while Sokoll covered the three futures that HR professionals should focus on, including:
- The Future of the Enterprise, which concerns the plethora of data available to organizations. With nine times as much data available to enterprises compared to just two years ago, leaders must strategically adapt or risk becoming irrelevant.
- The Future of the Workforce, which addresses the increasing longevity of careers in correlation with workplace trends, including skill relevance, the contingent workforce, and workplace engagement.
- The Future of How Work Gets Done, which looks at how workforce execution will evolve, whether it’s through the proliferation of smartphones, the adoption of intelligence, or the use of robotics. In one UK-based survey, Deloitte discovered that while the increased use of robots eliminated 800,000 jobs, it also created 3.5 million new roles that pay significantly more.
Based on the insights gained from this session, practitioners still have much to learn and understand in the coming years as workplace experience, employee personalization, and workforce brand become new priorities.
Reimagining Business with Oracle@Oracle
This week, OpenWorld attendees can learn how Oracle itself moved to the cloud across a variety of business functions, with a unique experience called Oracle@Oracle. For HCM, sessions so far have included:
- Reimagining Hiring, which covered how Oracle’s HR team transformed its own hiring process. By streamlining and automating the process to empower users, the team was able to increase applicant satisfaction by a startling 85%. Next up is to integrate chat bots and text message notifications into the application process.
- Reimagining Talent Management, detailing how Oracle HR solved the challenge of helping employees achieve their career goals and overcome long feedback processes. Through a data-driven and mobile approach, Oracle saw a 70% reduction in time to review and a 39% increase in data insights year-over-year.
And Finally, Our Partnership with LinkedIn
The day concluded with a discussion around talent mobility, led by Oracle HCM Cloud Product Marketing Director Sarah Lambert and LinkedIn Product Manager Emrecan Dogan. Dogan and Lambert discussed how employees want to actively manage their career progress in a skills-based economy and highlighted the new Oracle-LinkedIn partnership, which allows employees to import their profile data into their employer’s core HR system.
Can’t get enough of OpenWorld? Stay tuned here as we cover more customer stories and HCM product update sessions tomorrow.