By Mike Stiles on Oct 01, 2014
Few things are more gratifying than being at Oracle OpenWorld and having a big announcement to make. So imagine how gratified we were today to make TWO big announcements about the Oracle Social Cloud.
First, additional features were added to Social Station, the customizable workspace within the Oracle Social Cloud platform. Joining Custom Analytics and the Enhanced Calendar will be the Social Intelligence Center with its real-time data visualizations around geography, topic/theme, influencers, volume, and sentiment. The new Content Curation module helps you quickly find content on topics or for a certain social channels and react within Social Station. The Quick Post module streamlines publishing by letting you create posts alongside other modules. Lastly, the Social Media Mixer aggregates social data from multiple channels into one real-time visualization.
Next, we were proud to announce to all these Oracle fans in SF the release of Social Commerce. Building on the existing integration between Oracle Social Cloud and Oracle Commerce, hyper-targeted content can be delivered to segmented Facebook audiences thanks to insights about digital shopping behavior, resulting in better experiences, better relationships, and more conversions.
For those not yet familiar with the Oracle Social Cloud, Oracle’s Meg Bear, Reggie Bradford and Rahim Fazal gave a “Sky High Overview” with some compelling facts along the way. Gartner says the percentage of customers whose purchase behavior will be dictated by social and digital interactions is 80%. In 2 years, Gartner says 90% of companies expect to be competing almost entirely on the basis of customer experience. With that going on, just look at how marketing’s influence has expanded across business functions.
Forrester says we make 500 billion impressions on each other about products and services every year, so your social management platform becomes a critical tool. Differentiators of the Oracle Social Cloud include: a unified platform with modern configurable UI/UX, deeper precision listening, global social resources, and integration with CX apps and beyond.
You also don’t need a social platform that’s not really into innovation. In addition to Social Station and Social Commerce, the Oracle Social Cloud recently executed on a paid media partnership, SRM mobile, LinkedIn support, advanced global listening, and Dynamic Link Tracking.
The roundtable focused on how rapidly organizations, and the roles in them, are changing. Reggie said they’re starved for time and having to do more with less, so a global platform with integrated components addresses that. Today’s CMO must be embedded in science, data, tech, analytics. It’s not just art like it used to be. As for CIO’s, the smart ones will figure out how to bring their expertise in a way that moves innovation forward, and will see security and protecting the company become a growing emphasis of the position. We encourage you to watch the full interview Reggie did with GM on how social is driving their customer experience that was featured in the session.
And of course, Larry Ellison took to the OpenWorld stage once again, this time to personally conduct a live demo of the upgraded 2014 Oracle Cloud platform. Frankly, he looked like he was having a ball, a sentiment the social chatter backed up. The root of Ellison’s presentation was that everything on top of the platform, and even that YOU build on the platform, automatically inherits the modernizing characteristics of the Oracle Cloud, including social and mobile.
Ellison showed how with a push of a button, data and applications can be moved from on-premise into the cloud (and back if desired). Oracle can access all of your data sources, structured and unstructured, because the Oracle Cloud was designed on hundreds of standards. And while Ellison pointed out Oracle has not historically been known for ease of use or low cost, the company is focused on just that…made possible with automation.
As you can tell, a lot goes on here. In trying to come up with a next-best-thing-to-being-there offering, we’re doing extensive coverage on our Twitter handle @oraclesocial, doing these daily summary blogs, and you can check out our Twitter Waterfall on our Facebook Page. We’ll keep the knowledge coming.