The term supercloud is relatively new, but the concepts behind it have been bubbling for years.
Early last decade when the National Institute of Standards and Technology put forth its original definition of cloud computing, it said services had to be accessible over a public network — essentially cutting the on-premises crowd out of the conversation. Chuck Hollis, the chief technology officer at EMC and prolific blogger, objected to that criterion and laid out his vision for what he termed a private cloud. In that post he showed a workload running both on-premises and in a public cloud, sharing the underlying resources in an automated and seamless manner – what later became more broadly known as hybrid cloud.
That vision, as we now know, really never materialized and we were left with multicloud — sets of largely incompatible and disconnected cloud services running in separate silos. The point is, what Hollis put forth – the ability to abstract underlying infrastructure complexity and run workloads across multiple heterogeneous estates with an identical experience – is what supercloud is all about.
In this Breaking Analysis we’re excited to share what we hope to learn at Supercloud22 next week.
On Tuesday, Aug. 9, at 9 a.m. PDT, the community is gathering for Supercloud22, an inclusive and open pilot symposium hosted by theCUBE and made possible by VMware Inc. and other founding partners. It’s a one-day, single-track event with more than 25 speakers digging into the architectural, technical, structural and business aspects of supercloud. This is a hybrid event, with a live program in the morning and pre-recorded content in the afternoon featuring industry leaders, technologists, analysts and investors up and down the technology stack.
After the very first re:Invent, Amazon Web Services Inc.’s annual cloud conference, we published our Amazon Gorilla post seen in the upper right above. And we talked about how to differentiate from Amazon and form ecosystems around industries and data and how the cloud would change information technology permanently.
In the upper left we put a post up on the old Wikibon.org wiki and we talked about the importance of traditional tech companies and their customers learning to compete in the Amazon economy. We showed a graph of how IT economics were changing and cloud services had marginal economics that looked more like software than hardware at scale. And we posited that this would reset opportunities for both technology sellers and industries for the next 20 years.
This came into sharper focus in the ensuing years, culminating in a milestone post by Greylock’s Jerry Chen called Castles in the Cloud, an inspiration and catalyst for us using the term supercloud in John Furrier’s post prior to re:Invent 2021.
Once we floated the concept, people in the community started to weigh in and help flesh out this idea of supercloud — where companies of all types build services on top of hyperscale infrastructure and across multiple clouds, and going beyond multicloud 1.0, which we argued was really a symptom of multivendor.
Despite its somewhat fuzzy definition, it resonated with people because they knew something was brewing. Keith Townsend, the CTO Advisor, even though he wasn’t necessarily a big fan of the buzzy nature of the term supercloud, posted this awesome blackboard talk on Twitter:
Keith has deep practitioner knowledge and lays out a couple of options. Especially useful are the examples he uses of cloud services, which recognize the need for cross-cloud services and the aspirational notion of VMware’s vision. Remember this was in January 2021. And he brings HashiCorp into the conversation. It’s one of the speakers at Supercloud22. And he asks the community what they think.
Which is what we’re asking you. We’re trying to really test out the viability of supercloud and people like Keith are instrumental as collaborators.
It’s probably not a shock to you to hear that not everyone’s is not on board with the supercloud meme. In particular, Charles Fitzgerald has been a wonderful collaborator just by his hilarious criticisms of the concept. After a couple of supercloud posts, Charles put up his second rendition of supercloudafragilisticexpialidocious. It’s just beautiful.
To boot, he put up this picture of Baghdad Bob asking us to “Please Just Stop.” Bob’s real name is Muhammad Saeed al-Sahhaf. He was the minister of propaganda for Saddam Hussein during the 2003 invasion of Iraq, making outrageous claims of U.S. troops running Saddam’s elite forces in fear.
Charle’s laid out several helpful critiques of supercloud, which has led us to further refine the definition and catalyze the community’s thinking on the topic. One of his issues, and there are many, is we said a prerequisite of supercloud was a superPaaS layer. Gartner’s Lydia Leong chimed in (see above) saying there were many examples of successful platform-as-a-service vendors built on top of a hyperscaler, some having the option to run in more than one cloud provider.
But the key point that we’re trying to explore is the degree to which that PaaS layer is purpose-built for a specific supercloud; and not only runs in more than one provider, as Lydia said, but runs across multiple clouds simultaneously, creating an identical developer experience irrespective of estate. Now maybe that’s what she meant… it’s hard to say from a tweet.
But to the former point, at Supercloud22 we have several examples we’re going to test. One is Oracle Corp.’s and Microsoft Corp.’s latest announcement to run database services on Oracle Cloud Infrastructure and Microsoft Azure, making them appear as one. Rather than use an off-the-shelf platform, Oracle claims to have developed a capability for developers specifically built to ensure high performance, low latency and a common experience across clouds.
Another example we’re going to test is Snowflake Inc. We’ll be interviewing Benoit Dageville, co-founder of Snowflake, to understand the degree to which Snowflake’s latest announcement of an application platform is purpose built for the Snowflake Data Cloud. Is it just a plain old PaaS – big whoop as Lydia claims – or is it something new and innovative?
By the way we invited Charles Fitz to participate in Supercloud22 and he declined, saying, in addition to a few other semi-insulting quips:
[There’s] “definitely interesting new stuff brewing [that] isn’t traditional cloud or SaaS. But branding it all supercloud doesn’t help either.
Indeed, we agree with the former sentiment. As for the latter, we definitely are not claiming everything is supercloud. But to Charles’ point, it’s important to define the critical aspects of supercloud so we can determine what is and what isn’t supercloud. Our goal at Supercloud22 is to continue to evolve the definition with the community. That’s why we’ve asked Kit Colbert, CTO of VMware, to present his thinking on what an architectural framework for cross-cloud services, what we call supercloud, might look like.
We’re also featuring some of the sharpest analysts in the business at Supercloud22 with The Great Supercloud Debate.
In additional to Keith Townsend, Maribel Lopez of Lopez Research and Sanjeev Mohan, former Gartner analyst and now principal at Sanjmo, participated in this session. Now we don’t want to mislead you and imply that these analysts are hopping on the supercloud bandwagon. But they’re more than willing to go through the thought experiment and this is a great conversation that you don’t want to miss.
Maribel Lopez had an excellent way to think about this topic. She used TCP/IP as an historical example, saying:
Remember when we went to TCP/IP, and the whole idea was, how do we get computers to talk to each other in a more standardized way? How do we get data to move in a more standardized way? I think that the problem we have with multicloud right now is that we don’t have that. So that’s sort of a ground level of getting us to your supercloud premise.
Listen to Maribel Lopez share here thoughts on the base level requirements for supercloud.
As well, Sanjeev Mohan has some excellent thoughts on whether the path to supercloud will be achieved via open-source technology or a de facto standard platform.
Now again, we don’t want to imply that these analysts are all out banging the supercloud drum. They’re not necessarily. But it’s fair to say that, like Charles Fitzgerald, they believe something new is bubbling up. And whether it’s called supercloud or multicloud 2.0 or cross-cloud services, or whatever name you want to choose, it’s not multicloud of the 2010s.
Our goal here is to advance the discussion on what’s next in cloud. Supercloud is meant to be a term that describes the future. And specifically the cloud opportunities that can be built on top of hyperscale compute, storage, networking, machine learning and other services at scale.
That is why we posted the piece on answering the top 10 questions about supercloud, many of which were floated by Charles Fitzgerald and others in the community.
Why does the industry need another term? What’s really new and different and what is hype? What specific problems does supercloud solve? What are the salient characteristics of supercloud? What’s different beyond multicloud? What is a superPaaS? How will applications evolve on superclouds?
All these questions will be addressed in detail as a way to advance the discussion and help practitioners and business people understand what’s real today and what’s possible in the near future.
One other question we’ll address is: Who are the players that will build out superclouds and what new entrants can we expect? Below is an Enterprise Technology Research graphic we showed in a previous episode of Breaking Analysis. It lays out some of the companies we think are either building superclouds or are in a position to do so.
The way the Y axis shows Net Score or spending velocity and the X axis depicts presence in the ETR survey of more than 1,200 respondents.
The key callouts to this slide, in addition to some of the smaller firms that aren’t yet showing up in the ETR data, such as ChaosSearch and Starburst and Aviatrix and Clumio, are the really interesting additions that are industry players. Walmart and Azure, CapitalOne and Goldman with AWS, Oracle Cerner: These, we think, are early examples of industry clouds that will eventually evolve into superclouds.
They may not all be cross-cloud today (Oracle/Microsoft is and perhaps Goldman’s cloud fits, since it connects to on-prem systems), but the potential is there. So we’ll explore these and other trends to get the community’s input on how this will play out.
We have an amazing lineup of experts to answer your questions: Technologists such as Kit Colbert, Adrian Cockcroft, Marianna Tessel, Chris Hof, Will Laforest, Ali Ghodsi, Benoit Dageville, Muddu Sudhakar, Steve Mullaney, Priya Rajagopal, Lori MacVittie, Howie Xu, Haseeb Budhani, Rajiv Ramaswami, Vittorio Viarengo, Kris Rice, Karan Batta. Investors such as Jerry Chen, In Sik Rhee, the analysts we featured earlier, Paula Hansen talking about going to market in a multicloud world, Gee Rittenhouse, David McJannet, Bhaskar Gorti of Platform9 and more.
And of course you.
Please register for Supercloud22. It’s a really lightweight registration; we’re not doing this for lead gen, we’re doing it for collaboration, and if you sign in, you can chat and ask questions in real time. Don’t miss this inaugural event on Aug. 9 starting at 9 a.m. PDT.
Thanks to Alex Myerson, who does the production, podcasts and media workflows for Breaking Analysis. Special thanks to Kristen Martin and Cheryl Knight, who help us keep our community informed and get the word out, and to Rob Hof, our editor in chief at SiliconANGLE.
Remember we publish each week on Wikibon and SiliconANGLE. These episodes are all available as podcasts wherever you listen.
Email email@example.com, DM @dvellante on Twitter and comment on our LinkedIn posts.
Also, check out this ETR Tutorial we created, which explains the spending methodology in more detail. Note: ETR is a separate company from Wikibon and SiliconANGLE. If you would like to cite or republish any of the company’s data, or inquire about its services, please contact ETR at firstname.lastname@example.org.
Here’s the full video analysis:
All statements made regarding companies or securities are strictly beliefs, points of view and opinions held by SiliconANGLE Media, Enterprise Technology Research, other guests on theCUBE and guest writers. Such statements are not recommendations by these individuals to buy, sell or hold any security. The content presented does not constitute investment advice and should not be used as the basis for any investment decision. You and only you are responsible for your investment decisions.
Disclosure: Many of the companies cited in Breaking Analysis are sponsors of theCUBE and/or clients of Wikibon. None of these firms or other companies have any editorial control over or advanced viewing of what’s published in Breaking Analysis.
EMQ Technologies, a global provider of open-source IoT data infrastructure solutions, today announced that it had officially joined Oracle PartnerNetwork (OPN). Through OPN, EMQ will work together with Oracle to better pair their respective IoT solutions, explore joint use cases and dive deeper into specialized technical knowledge to build successful, cloud-based IoT connectivity services.
Oracle PartnerNetwork (OPN) is a channel partner program that offers members access to partner-specific training, global industry expertise, go-to-market tools, valuable resources and support. These valuable benefits enable partners to accelerate their own transition to the cloud as well as drive superior customer experiences and business outcomes.
Since its start in 2017, EMQ has been on a mission to serve the future of human society through state-of-the-art open source IoT data infrastructure.
Over 20,000 enterprise workers use EMQ’s massively scalable cloud-native MQTT messaging platform, EMQX, which is the first open-source platform to provide scaling capability up to 100M connections per cluster. EMQ can deploy its mission-critical IoT infrastructure to major cloud providers such as Oracle Cloud, AWS, Google Cloud, Microsoft Azure, and hybrid clouds, all in a secure and reliable manner.
From the world's #1 database to enterprise cloud applications, Oracle has a long-standing reputation for technology innovation along with its cloud-first, customer-centric strategy that empowers organizations to address demanding business issues.
Oracle Cloud infrastructure platforms are consistently rated as industry-leading and innovative by customers, delivering a truly differentiated enterprise-level cloud platform with complete, full-stack offerings that offer unmatched reliability and performance.
EMQ's commitment to IoT data connectivity, combined with the efficiency of Oracle Cloud infrastructure, will deliver a higher level of resilience, security, and scalability for critical IoT business processes.
“Becoming an OPN member is the starting point of a robust, long-term relationship with Oracle. EMQ will join forces with Oracle to introduce more co-created, seamless, cloud-based IoT solutions for our mutual customers, accelerating their cloud journey and digital transformation,” said Feng Lee, founder and CEO of EMQ. “We are looking forward to bringing our shared vision to uncharted heights.”
EMQ will enhance its offerings through the Oracle ecosystem and work closely with Oracle’s experts to validate their joint IoT connectivity solutions.
Discover EMQ’s powerful IoT connectivity solutions. Built to accelerate success in the IoT era.
EMQ is an innovative open-source software provider with strong roots in IoT data infrastructure, delivering the world’s leading cloud-native MQTT messaging, streaming database, and edge computing solutions.
Since 2017 EMQ has been developing a high-performance and massively scalable distributed MQTT messaging server – EMQX to accelerate the connectivity and integration of a wide spectrum of IoT applications and data across multiple platforms. So far, EMQX has been adopted by more than 20,000 global users from over 50 countries, connecting more than 100 million IoT devices worldwide.
EMQ’s robust and flexible edge-to-cloud IoT data solutions encompass a suite of technologies designed for IoT applications: reliability, security, availability, scalability, latency & throughput. This enables successful enterprise-grade IoT deployments with ease and scale.
As a global organization, EMQ located its R&D center in Stockholm, Sweden, and has 10+ offices throughout the Americas, Europe, and the Asia-Pacific region.
To learn more visit: http://www.emqx.com or follow @EMQTech on Twitter
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to the cloud and drive superior customer business outcomes.
The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products.
Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork.
Six months ago, at Oracle Live, Oracle talked about its plans to bridge the sales and marketing gap with the help of AI and automation. During that event, Larry Ellison talked about how the CRM (or sales automation system) needs to evolve, arguing:
The sales automation system has value. It keeps track of your opportunities, keeps track of your contacts. It allows you to communicate with management and say, 'I expect these deals to close in the quarter.' It's really a management tool for individual salespeople and their bosses to make estimates: how many deals will close in the quarter, and figure out what revenues will look like in the quarter.
Now, that has value. But the sales system does not increase sales. It doesn't automate sales. It automates sales, forecasting and improves communication. But what we want to do is actually build systems that help you sell more.
To get to this point, Oracle started by creating a new way for marketing to generate qualified leads to send to Sales with the launch of Oracle Fusion Marketing. I'm not going to dive into the details of Fusion Marketing because Jon did a great job of that himself. But what happens once Sales gets those leads? Something needs to change to help them work with them - that's the concept at the heart of the release of Oracle Fusion Sales.
At an Oracle Live event: The Future of CRM: Engineering Connected Sales Experiences, Rob Tarkoff, Executive VP & General Manager, Oracle Advertising and Customer Experience, talked about the need for a tighter hand-off between Marketing and Sales (and how rare that is today). For that to happen, a transformational approach to managing sellers is needed.
Tarkoff referenced an Oracle study of 200 sales professionals that found 86% want s
Sales and Marketing to work more closely, and 88% need the tools and technologies to make that happen. It's true that there are plenty of marketing technologies to help Marketing and a growing number of sales technologies to help Sales, but the integrations between the two are not always that ‘integrated’ or indeed useful.
Not only are sellers wary of the leads passed on by Marketing, but they are spending a lot of their time going in and out of different technologies to manage routine processes in addition to the work they need to do to work with prospective customers properly.
Oracle's answer to these challenges is Oracle Fusion Sales, dubbed “the next generation of CRM”. So what does the next generation of CRM look like? Katrina Gosek, VP, Oracle CX Product Strategy & Marketing, took me through the details.
Gosek said that Fusion Sales shifts the CRM from a system of record to a tool that will help sellers sell more. It does this in a few ways.
First, a new user interface makes it much easier to see what's happening with an opportunity. If you're accustomed to the busy interface of Salesforce, then you might appreciate the simplicity of this one.
The opportunity screen provides a high-level look at all the data around this opportunity, from activity by the account to sales activities, contacts, products purchased, services, billing, and more. The Sales rep can drill down further if they want to see more detailed information in any particular area.
The left-hand side of the screen provides what Gosek calls “guided selling”. These are guided workflows based on best practices and past deals (or built from industry templates). Guided selling is a useful feature for new salespeople coming in to help them learn faster and smarter, but it's also useful for more seasoned salespeople.
As Gosek pointed out, sellers still struggle with a predictable path to success because the models are continually changing, the groups involved are changing, and there's no one right now to move forward. But data can help make the process easier.
Underlying Fusion Sales is data - data from existing deals and opportunities, as well as past deals. Leveraging AI, the application can bring forward the best recommendations that help sellers move the opportunity forward. So, for example, it can recommend the next step in the process, whether that's making a phone call or email, creating a quote, or scheduling a demo.
And then there's the automation that takes the mundane, manual processes away from the seller. For example, Zoom meetings can be launched from within the Fusion application, and all notes, transcripts, and replays are automatically added to the activity for that opportunity. If you make a phone call from within the application, that call and any call notes are added. Let's say you made a note to schedule a demo meeting for a specific date and time. The application guides the seller to schedule the meeting as a next step and automatically fills in as many of the details as possible based on information in the notes.
Another automation feature is the creation of quotes and proposals based on customer data and past deals. Gosek explained that historical deal data related to similar closed deals, similar price points, and the combination of products sold together is used to help automatically generate a proposal or quote that the seller can review and customize.
The AI provides an estimated closed win rate and can suggest changes to increase the potential of closing the deal.
Other features in Oracle Fusion Sales include:
The overall goal of Fusion Sales is to deliver sellers one place to work that can perform many of the manual, mundane tasks and let the sellers focus on the work needed to win new sales. An action bar discretely hides additional functionality (like creating a deal room), so the seller isn’t overwhelmed with the interface. In addition, the tight integration with Fusion Marketing surfaces what Gosek called the 'conversation-ready' opportunities, so sellers spend their time with the best potential prospects.
I've helped salespeople with their processes. I've worked in Salesforce and helped set up different sales technology. It's often a convoluted process, working through multiple tools with little to no integration. Oracle Fusion Sales changes that, and I was pleasantly surprised with the clean, easy-to-understand UI and the guided selling.
The digital sales room didn't surprise me. I recently covered Drift's new Deal Room, and the two are very similar. And there are others too. This sales experience is so late in coming, but at the same it, it's timely. As Gosek said, a lot more selling is happening virtually, and even when we get back to more in-person meetings, that digital experience isn't going away. These deal rooms will become much more popular and widely used, especially when the buying team is large and distributed.
I'm all for AI and automation if it allows us to focus our efforts on the more critical work in marketing and sales. However, I am also keenly aware that for AI to work well, you need the right data. Oracle is pulling together a lot of data from different applications to ensure its AI is providing the best insights and recommendations, but a company needs to have a sufficient amount of customer data to work with for the AI to work well.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Oracle Fusion Sales provides sellers with AI-powered recommendations and guided steps to close deals faster
AUSTIN, Texas, July 26, 2022 /PRNewswire/ -- Oracle today announced the next generation of Oracle Fusion Sales, a sales automation application that identifies high-quality sales opportunities and guides sellers to close deals faster. Part of Oracle Fusion Cloud Customer Experience (CX ) and powered by artificial intelligence (AI), Fusion Sales automatically provides sellers with quotes, proposals, and recommended steps to help them increase productivity, close more deals, and instill confidence among buyers.
Nearly one third of sellers struggle to close deals and meet quotas, according to a latest study conducted by CRM analyst firm Beagle Research Group in partnership with Oracle. The study, ” Does Your CRM Leave Money on the Table,” highlights the struggles that sellers face with customer churn and archaic sales processes. In turn, sellers have noted that they are open to greater automation and trust AI to take on greater responsibilities, including qualifying leads (70 percent), identifying priority deals (60 percent), and tracking deal progress (80 percent).
“Traditional CRM systems were designed to be a system of record for planning and forecasting versus a tool to help sellers sell more. As a result, sellers spend countless hours on data entry and administration that stunts sales productivity,” said Rob Tarkoff, executive vice president and general manager, Oracle Fusion Cloud Customer Experience (CX). “Applying 40 plus years of data and business process expertise, we have done the heavy lifting to engineer the next era of CRM. Oracle Fusion Sales removes the manual steps in the B2B sales process to help sellers close more deals faster and more efficiently.”
Oracle Fusion Sales provides sellers with:
What Customers and Partners are Saying About Fusion Sales
“CRM is an integral tool especially as we sell complex and expensive equipment and software solutions in 180 countries across the globe. We used to stitch together sales insights from an array of applications, Excel spreadsheets, and post-it notes. It wasn’t an efficient process,” said Samantha Mohr, vice president, inside sales, Ricoh. “Oracle Fusion Sales provides our sellers with a guided experience that focuses their time and improves deal success by delivering better insights to help us adapt to market shifts faster.”
“Our customers are always searching for new approaches that drive real value and instill confidence in buyers. Oracle Fusion Sales helps solve significant challenges of the B2B selling environment with a boundaryless, adaptable, and radically human engineered architecture” said Andrea Cesarini, Europe Oracle business group lead, Accenture. “Having partnered for over 30 years now, Accenture and Oracle bring unparalleled innovation, industry, and technology acumen to our joint clients.”
To learn more, please tune into Oracle Live on July 26, 2022, here.
Part of Oracle Fusion Cloud Applications Suite, Oracle Fusion Cloud Customer Experience (CX ) connects data across advertising, marketing, sales, and service to make every customer interaction matter. Going beyond traditional CRM, learn about how Oracle Advertising and CX helps businesses Boost customer experience and build brand loyalty.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
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Software giant Oracle, in association with Analytics India Magazine, is organising the Oracle AI Summit 2022 on August 5, 2022. The virtual short-format conference — Oracle AI Summit 2022, aims to bring together business leaders and innovators from various domains to discuss a detailed framework that can help organisations to take the next step in their AI journey. In addition, the interactive conference will explore how AI and ML can be leveraged to uplift how business is run and unlock value from the humongous amount of data around us.
Sneak peek of the Oracle AI Summit 2022
The 90 minutes long summit will begin with a welcome note by Ms Paromita Chatterjee, a television journalist, news anchor and media consultant, followed by the plenary keynote on “Enterprise-Grade AI & Machine Learning” delivered by Manoj Philip Mathen, Distinguished Cloud Architect, Cloud Engineering CoE, Japan & Asia Pacific at Oracle. Manoj has extensive experience in AI/ML and has helped several Fortune 100 customers in their AI/Machine Learning journey. He also has US patents in the AI & Machine Learning domain to his name.
The keynote will cover how the open, secure & scalable OCI AI & Data Science Platform helps accelerate the customer’s AI journey, empowering both the citizen & expert data scientist community.
This will be followed by a riveting panel discussion on “Accelerating AI and ML projects for enterprises” with some of the esteemed analytics industry leaders, discussing the challenges enterprises face while executing AI/ML projects; how they are addressing them, and the strategies and best practices they have implemented, both on the data and model side, to get into productisation faster.
Deep dive into understanding how to leverage AI and ML
Featuring thought leaders, the Oracle AI Summit 2022 would hold interesting discussions on how AI and ML can be leveraged to uplift the way business is run. Participants will get a deep understanding of key considerations for building and deploying enterprise-grade machine learning solutions. They will also get the opportunity for one-on-one networking opportunities with Oracle analytics experts & industry leaders.
This enriching summit will be highly suitable for a wide range of professionals like business leaders, innovators, analytics leads, data heads, data and analytics practitioners, and data or decision scientists. Even AI and ML enthusiasts and anyone curious to learn about accelerating the customer’s AI journey will benefit greatly from the summit.
The Oracle AI summit has been designed to help business and technology leaders understand & unlock the next step in their AI journey. The conference anticipates more than 200+ attendees from across the globe across business and technology leaders, data professionals and AI enthusiasts.
Tech giant Oracle has cut jobs in the US. The layoffs are also expected to hit employees in India and Canada in the coming weeks, The Information reported.
According to the report, Oracle plans to reduce costs by up to $1 billion overall, which has resulted in large-scale layoffs across teams and different roles.
The company, which has its headquarters in Austin, Texas, has laid off the engineers from CX presales and marketing teams. The layoffs range between seven and 10 members per team, according to The Register.
Many employees from the CX Commerce team have also been terminated.
The layoffs have been reported across different roles from analyst relations to talent acquisition, to CRM to developers, the report added.
The employees, who lost jobs, included new-joinees to experienced workers with over 20 years of service. According to Bloomberg, Oracle is eyeing the healthcare sector and wants to focus on cloud technology. In a move towards taking a larger pie of the cloud database industry, Oracle bought medical reports provider Cerner Corp this year in $28 billion deal.
Many Oracle employees changed their status as “open to work” on LinkedIn. “So after I've taken a day to process, I'm sad to say I'm joining the many others whose time has come to an end at Oracle. It's been a great time of professional and personal growth and I'm grateful to all those for the working relationships and most importantly..friendships!,” wrote Devra Phillips, a marketing manager at Oracle.
Many Oracle India employees also posted about job losses on social media platforms. “I was unfortunately impacted by the organizational restructuring and widespread layoffs at Oracle Marketing Cloud. Over the past 6+ years, I have been able to learn and grow within my role and cultivate incredible relationships amongst my colleagues, managers, and customers,” posted Vamshi Krishna, a principal software development engineer at Oracle's Hyderabad centre.
India is the largest delivery centre for Oracle outside the United States, and it has around 40,000 employees in the country.
After falling precipitously during the height of the pandemic, rents have bounced back, according to a July report from Realtor.com. In fact, rental prices are at an all-time high from coast to coast.
George Ratiu, senior economist at Realtor.com, said rent spikes in areas like Florida and the rest of the Sun Belt might be the most surprising to some people.
"Cities like Jacksonville and Orlando are traditionally quite affordable -- and historically, places where young professionals might go to start their careers," he told CNET. "But their business-first approach toward the pandemic left them with relatively strong economies and a large influx of residents."
Below, check out the 12 cities with the biggest percentage rent increase over the past year. For more, learnand learn whether you .
Increasing rents are a sign that cities are returning as desirable destinations for professionals, said Realtor.com economist George Ratiu.
"The pandemic is receding, at least the regulatory and legislative response to it," Ratiu told CNET.
Texas and Florida, in particular, "had really fast rebounds," he added. Both states had multiple metro areas in the top dozen year-over-year rental increases nationwide.
A separate study from RentCafe also found South and Central Florida were the most in-demand markets for renters. It examined criteria like how many days apartments sat vacant, how many prospective renters applied for each unit, what percentage of renters renewed their lease and the percentage of apartments that were occupied.
Miami-Dade County emerged as the nation's most competitive rental market, according to RentCafe's report.
But Raitu said rents in cities that had more drastic shutdowns -- like Boston, Los Angeles and New York -- are rebounding, too.
According to Realtor.com's findings, four out of five of the most expensive cities in which to rent a one-bedroom apartment are in California -- San Jose ($3,324), San Diego ($3,182), San Francisco ($3,171) and Los Angeles ($3,051) -- with New York City ($2,989) the lone outlier.
"The allure of cities has not gone away," Raitu said. "The pandemic cast a long shadow on densely populated areas, but people are on the move again."
A shortage of housing stock and higher interest rates have also made renting more attractive. Even with rents reaching new highs, renting is still more affordable than buying a starter home in 38 of the 50 largest US metro areas.
Nationwide, the average mortgage on a first home in June was 30% higher than the typical rent payment.
In the New York metro area -- which encompasses all five boroughs, as well as Newark and Jersey City, New Jersey -- the median rent on a one-bedroom apartment reached $2,693 in June 2022, a touch over 18% over last year.
Not all neighborhoods are equal: According to a separate market report by Douglas Elliman and Miller Samuel, the average rental in Manhattan topped $5,000 in June for the first time ever. That's more than 20% higher than June 2021, when $3,922 was the average.
Median rents in the San Antonio-New Braunfels area rose just over 18% to reach $1,296 a month.
Occupancy rates are at 92.6%, the second highest in Texas after Dallas' 93.2%, according to research from Apartment Data.
In the San Jose metro area, which includes Sunnyvale and Santa Clara, median rents rose just under 19%, to $3,104 a month.
In March, the San Jose City Council was expected to vote on the Community Opportunity to Purchase Act, or COPA, which would bring more affordable housing to Silicon Valley.
But vote on the bill, which would deliver qualified community organizations the first shot at purchasing rental properties, was first postponed to October and now has been moved to early 2023.
In the Dallas-Fort Worth-Arlington region, the median rent on a one-bedroom unit also rose about 19%, to $1,567.
"It's insane. The rental market here is as crazy, if not crazier, than the sales market," realtor Rogers Nealy told KDFW. "It's just a very classic case of economics 101... where, thankfully, the demand is substantially higher than the supply."
That may shift: There are more apartments being built in the Dallas-Fort Worth area than anywhere else in the US, according to the Dallas County Appraisal District.
After dipping in late 2021, rents in Raleigh have ratcheted back up: Renters in The Triangle area are paying about $1,562 a month for a one-bedroom apartment. That's still affordable compared with many other metro areas, but it's 19% more than this time last year.
Read more: Rent Prices Continue to Surge Alongside Mortgage Rates
In the metro area that includes Charlotte, Concord and Gastonia, North Carolina, rents rose a little over 19%, to $1,659.
In June 2022. the median rent for a one-bedroom in the Boston metro area -- incorporating Cambridge, Massachusetts, and Newton, New Hampshire -- was $2,757, or roughly 20% more than it was last year.
"We're coming out of COVID," Melvin Viera Jr., president of the Greater Boston Association of Realtors, told WBTS in April. "People are starting to realize that, 'Hey, can I live back in the city again.' Also, we have a lot of colleges. So you have that pressuring demand."
The median rent for a two-bedroom unit in the Providence-Warwick metro area is now $1,908, a little under 23% more than it was in 2021.
Rents for one-bedroom units in the San Diego-Carlsbad region of California rose 23%, to $2,943. A February report by OJO Lab found that, when looking at incomes and median home prices, San Diego surpassed San Francisco as the least affordable housing market in the US.
Rents in the Orlando-Kissimmee-Sanford metro area have jumped 23% since last year, reaching $1,833 for a one-bedroom apartment.
Since the start of the pandemic, the average Orlando renter has seen an increase of $380 per month.
"We have an affordability crisis right now," Lisa McNatt, Orlando market analyst for rental-tracker CoStar, told the Orlando Sentinel. "Orlando used to be a very affordable home market."
In the decade prior to the pandemic, the Texas capital saw a population explosion of more than a million residents and the arrival of tech giants like Apple, Google, Oracle and Tesla. Now that COVID worries have receded, rents in the Austin metro area have increased again.
The median rent for a one-bedroom unit spiked almost 24% from last year, to $1,720.
According to Realtor.com, rents in the Miami metro area -- which includes Fort Lauderdale and West Palm Beach -- saw the biggest spike, fueled by East Coast remote workers looking for warmer weather, lower taxes, more outdoor spaces and looser pandemic restrictions.
The median rent on a one-bedroom apartment in Miami is now $2,494 a month, nearly 32% more than in 2021.
WorkForce Software wins the Visionary Award for ISV Partner of the Year, an Oracle Cloud HCM HR Heroes Award, by changing the way customers benefit from greater automation, productivity, and efficiency through the use of cloud technology.
LIVONIA, Mich., Aug. 4, 2022 /CNW/ -- WorkForce Software, the first global provider of integrated employee experience and workforce management solutions, announced today that it has been recognized in the Oracle Cloud HCM HR Heroes Awards as the winner of the Visionary Award for the HCM ISV Partner of the Year category. This award celebrates the most innovative technology solution that complements Oracle Fusion Cloud Human Capital Management (HCM) and transforms the customer experience.
For large employers with unique workforce needs such as substantial union, hourly or shift-based employee teams, the WorkForce Suite, powered by Oracle Cloud Infrastructure (OCI), is one of the most reliable, performant, and secure cloud platforms available in the market today. WorkForce Software has one hundred percent of their resources dedicated to delivering modern workforce management solutions for global enterprises—fully focused on innovation and customer value. WorkForce Software is ISO 27001, ISO 27017, ISO 27018, and ISO 27701 certified and EU General Data Protection Regulation (GDPR) compliant making it an ideal workforce management solution for global employers. With pre-built integrations to HR and payroll systems, WorkForce Software delivers functionally rich workforce management capabilities without compromise while helping eliminate exposure to compliance risk.
The past year has presented a unique set of challenges for global employers and employees alike. Employers are navigating continued labor shortages, increased expenses, retention challenges, shifts to remote work, changing employee demands, and demands for progress on worker safety and diversity, equity and inclusion. Many outdated systems, processes, and previous technology investment decisions are hampering progress, driving more organizations to seek a technology solution that connects their workforce to the business – even those working in frontline positions often without corporate email access. The 2021 Oracle Cloud HCM HR Heroes Award recognizes WorkForce Software for its innovative solutions to digitally transform its customers' employee communications and make work more human by leveraging Oracle Cloud HCM running on OCI.
"It takes a visionary to deliver solutions that can help organizations become more resilient, flexible, and positioned for the future," said Yvette Cameron, senior vice president of global product strategy, Oracle Cloud HCM. "WorkForce Software is changing the way customers work with greater automation, and efficiency through the use of technology and we congratulate them on their Oracle Cloud HCM HR Heroes Award win."
"We are thrilled to be recognized by Oracle as their ISV Partner of the Year, especially in a time where there have been such dramatic changes to the way people work." said WorkForce Software CEO Mike Morini. "The WorkForce Suite, powered by OCI, is a comprehensive modern workforce management solution. With customers reporting up to 40 percent performance improvements from deployments in the Oracle cloud, it is essential that every business is executing on their cloud migration strategy to achieve operational efficiency and agility necessary for businesses to remain competitive."
WorkForce Software and its WorkForce Suite were also recently recognized by industry analyst groups with distinguished honors including, WorkForce Software earning the leadership position in Nucleus Research's 2022 Workforce Management Technology Value Matrix report, ranking higher than all other software providers; WorkForce Software was named Champion in SoftwareReviews' Workforce Management Emotional Footprint report for the enterprise market, surpassing all other vendors; WorkForce Software was honored as the Gold STEVIE® award winner in 2022 American Business Awards® for Innovation of the Year – Business Products Industries; The Company's employees ranked them highest to earn WorkForce Software honors alongside Microsoft and Amazon in Comparably's Annual Ranking of Top Companies for having the best product and design departments; WorkForce Software was named a Gold Winner in the Most Innovative Company of the Year Best in Biz Awards 2021 for the Company's innovative and modern workforce management and employee experience platform; WorkForce Software was a Winner in the 2021 Brandon Hall Group Excellence in Technology Awards and received top honors for product innovation and value realized by its customers with its modern workforce management and integrated employee experience platform in the 'Best Advance in Emerging Workforce Management' category; WorkForce Software was also recognized by Ventana Research as Exemplary Value Index Leader for creating the best customer experience and delivering the best return on investment to its global customers.
Explore the Oracle OCI and WorkForce Software Partnership and learn more about WorkForce Software's award winning WorkForce Suite.
About WorkForce Software
WorkForce Software is the first global provider of workforce management solutions with integrated employee experience capabilities. The company's WorkForce Suite adapts to each organization's needs—no matter how unique their pay rules, labor regulations, and schedules—while delivering a breakthrough employee experience at the time and place work happens. Enterprise-grade and future-ready, WorkForce Software is helping some of the world's most innovative organizations optimize their workforce, protect against compliance risks, and increase employee engagement to unlock new potential for resiliency and optimal performance. Whether your employees are deskless or office workers, unionized, full-time, part-time, or seasonal, WorkForce Software makes managing your global workforce easy, less costly, and more rewarding for everyone. For more information, please visit www.workforcesoftware.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork
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