How Oracle is Becoming the Cloud Leader in BI Support and HCM
Re-think HCM with Oracle Fusion
Oracle was a late entrant into the SaaS market. This meant that it was faced with an uphill battle of competing against industry giants who had already established huge data center capacities. In spite of these challenges, Oracle has gradually become a force to be reckoned with, especially when it comes to its cloud services such as Oracle HCM cloud.
According to a recent news article, the company’s operating income rose by 1% to $2.8 billion. Its license support and cloud services also rose by 3% to $6.5 billion for its fiscal 2019 Q1 which ended on August 31, 2018. This success can be attributed to two major areas that Oracle has focused on: Cloud-based ERP and the Autonomous Database cloud service.
Oracle’s Cloud-Based ERP
Cloud-based ERPs provides users with a host of applications that manage their inventory, finances, human resources, and other business processes. Oracle’s ERP is by far the largest in the enterprise application market. According to Oracle’s CEO Mark Hurd, the company has almost 5,500 Fusion cloud ERP services clients and more than 15,000 clients for the Oracle Netsuite cloud ERP services.
Clients prefer using Oracle’s cloud ERP due to their multi-layer approach when it comes to security. Data patching is integrated on the server side and quickly distributed and implemented across systems to minimize risks. Customer access to the database is also encrypted. This ensures complete data isolation.
Businesses also find Oracle’s ERP cost-effective compared to conventional on-premise ERP. Apart from purchasing software licenses, businesses have to employ experts to maintain on-premise ERP systems.
Oracle’s Autonomous Database Cloud Service
According to the company’s CTO Larry Ellison, “the Oracle Database is the world’s most popular and technically advanced database.” Its self-patching and self-managing features make it perform way better than the competition. Apart from reliable BI support, it is cheaper to operate and more secure. The vast database enables processes such as HCM cloud reports and analytics.
Let DataTerrain and Oracle HCM Reports Help Your HR Team Work Smarter
Businesses that use the Oracle Database can redesign entire frameworks without necessarily updating their database. This guarantees minimal effort updates. Oracle’s database can also manage two or more databases through a two-phase commit protocol. If you are looking to help your business grow by implementing these strategies, contact DataTerrain today to see what we can do for your organization.