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Killexams : Oracle Application information search - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-869 Search results Killexams : Oracle Application information search - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-869 https://killexams.com/exam_list/Oracle Killexams : Oracle layoffs also may be affecting Cerner employees No result found, try new keyword!As Oracle cuts jobs in its quest to eliminate $1 billion in expenses, some of those reductions may creep into its new Cerner unit. Thu, 04 Aug 2022 00:55:00 -0500 text/html https://www.bizjournals.com/kansascity/news/2022/08/04/oracle-cerner-job-layoffs.html Killexams : Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications No result found, try new keyword!South Korean hypermarket chain states that a need for higher quality service and faster support response times motivated the switch to independent third-party support. Rimini Stre ... Tue, 02 Aug 2022 04:00:00 -0500 https://finance.dailyherald.com/dailyherald/article/bizwire-2022-8-2-lotte-mart-chooses-rimini-street-support-services-for-its-oracle-applications Killexams : Oracle and Microsoft announce availability of Oracle Database Service for Microsoft Azure

Oracle partners with Microsoft to give Azure customers direct, streamlined access to Oracle databases on Oracle Cloud Infrastructure (OCI)

Microsoft and Oracle logos

AUSTIN, Texas and REDMOND, Wash.July 20, 2022 — Oracle Corp and Microsoft Corp today announced the general availability of Oracle Database Service for Microsoft Azure. With this new offering, Microsoft Azure customers can easily provision, access, and monitor enterprise-grade Oracle Database services in Oracle Cloud Infrastructure (OCI) with a familiar experience. Users can migrate or build new applications on Azure and then connect to the high-performance, high-availability, managed Oracle Database services such as Autonomous Database running on OCI.

Offering Customers Choice with Azure and OCI Multicloud Capabilities

Over the last two decades, thousands of customers have relied on Microsoft and Oracle software working well together to run their business-critical applications. As customers migrate applications and data to the cloud, they continue to look for joint solutions from their trusted software partners. Since 2019, when Oracle and Microsoft partnered to deliver the Oracle Interconnect for Microsoft Azure, hundreds of organizations have used the secure and private interconnections in 11 global regions.

Microsoft and Oracle are extending this collaboration to further simplify the multicloud experience with the announcement of Oracle Database Service for Microsoft Azure. Many joint customers, including some of the world’s largest corporations such as AT&T, Marriott International, Veritas and SGS, want to choose the best services across cloud providers to optimize performance, scalability, and ability to accelerate their business modernization efforts. The Oracle Database Service for Azure builds upon the core capabilities of the Oracle Interconnect for Azure and enables any customer to more easily integrate workloads on Microsoft Azure with Oracle Database services on OCI. There are no charges for using the Oracle Database Service for Microsoft Azure, the Oracle Interconnect for Microsoft Azure or data egress or ingress when moving data between OCI and Azure. Customers will pay only for the other Azure or Oracle services they consume, such as Azure Synapse or Oracle Autonomous Database.

“Microsoft and Oracle have a long history of working together to support the needs of our joint customers, and this partnership is an example of how we offer customer choice and flexibility as they digitally transform with cloud technology,” said Corey Sanders, corporate vice president, Microsoft Cloud for Industry and Global Expansion. “Oracle’s decision to select Microsoft as its preferred partner deepens the relationship between our two companies and provides customers with the assurance of working with two industry leaders.”

“There’s a well-known myth that you can’t run real applications across two clouds. We can now dispel that myth as we give Oracle and Microsoft customers the ability to easily test and demonstrate the value of combining Oracle databases with Azure applications. There is no need for deep skills on both of our platforms or complex configurations—anyone can use the Azure Portal to get the power of our two clouds together,” said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure.

“Multicloud takes on a whole new meaning with the launch of the Oracle Database Service for Microsoft Azure. This service, designed to provide intuitive, simple access to the Exadata Database Service and Autonomous Database to Azure users in a transparent manner, responds to the critical need of Azure and Oracle customers to apply the benefits of the latest in Oracle Database technology to their Azure workloads. This combined and interactive connection of services across public clouds sets the stage for what a multicloud experience should be, and is a bold statement about where the future of cloud is heading. It should deliver huge benefits for customers, developers, and the cloud services landscape overall,” said Carl Olofson, research vice president, Data Management Software, IDC.

Familiar Experience for Azure Users Combined with an Oracle Managed Service

With the new Oracle Database Service for Microsoft Azure, in just a few clicks, users can connect their Azure subscriptions to their OCI tenancy. The service automatically configures everything required to link the two cloud environments and federates Azure Active Directory identities, making it easy for Azure customers to use the service. It also provides a familiar dashboard of your Oracle Database Services on OCI using Azure terminology and monitoring with Azure Application Insights.

“Many of our mission-critical workloads are running Oracle databases on-premises at massive scale. As we move these workloads to the cloud, Oracle Database Service for Azure enables us to modernize these Oracle databases to services such as Autonomous Database in OCI while leveraging Microsoft Azure for the application tier,” said Jeremy Legg, chief technology officer, AT&T. Watch the video.

“Multicloud architectures enable us to choose the best cloud provider for each workload based on capabilities, performance, and price. The OCI and Azure partnership integrates the capabilities of two major cloud providers, including the Oracle Database services in OCI and Azure’s application development capabilities,” said Naveen Manga, chief technology officer, Marriott International. Watch the video.

“Oracle Database Service for Microsoft Azure has simplified the use of a multicloud environment for data analytics,” said Jane Zhu, senior vice president and chief information officer, Corporate Operations, Veritas. “We were able to easily ingest large volumes of data hosted by Oracle Exadata Database Service on OCI to Azure Data Factory where we are using Azure Synapse for analysis.”

“Oracle Database Service for Microsoft Azure simplifies our multicloud approach. We’re going to be able to leverage the best of Oracle databases in Azure, and we are going to be able to keep our infrastructure in Azure. This is a great opportunity to have the best of the two worlds that eases our migration to the cloud and improves the skills of our people in IT,” said David Plaza, chief information officer, SGS. Watch the video.

Additional Resources 

About Oracle
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.

About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

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Contact Info

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Oracle PR
+1.415.622.8466
[email protected]

Microsoft Media Relations
WE Communications for Microsoft
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[email protected]

Tue, 19 Jul 2022 12:00:00 -0500 en-US text/html https://news.microsoft.com/2022/07/20/oracle-and-microsoft-announce-availability-of-oracle-database-service-for-microsoft-azure/
Killexams : Next gen for lead gen? Oracle drills down on Fusion Sales

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.

Removing the manual steps in the B2B process

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.

Next gen?

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:

  • Content recommendations - A native integration with the CMS helps surface the right content to share with an opportunity. The seller doesn't have to search for content, instead selecting from content recommended based on the past activity of the opportunity, similar opportunities, and other data.
  • Digital Sales Room - The seller can create a sales room for an opportunity that includes everything from recommended content to the contracts and quotes, meeting transcripts and demo replays, and so on. This information is automatically added to the salesroom; the seller requires no manual work.
  • Advanced Analytics - Oracle Fusion Analytics provides a wealth of data on sales and marketing performance, pulling in data from all parts of the organization, including sales, marketing, and service/support. Gosek said Fusion Analytics enables cross-engagement visibility to revenue leaders and pulls forward insights early enough in the quarter to support adjusting things sooner instead of reacting after the fact.

The overall goal of Fusion Sales is to give 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.

My take

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.

Tue, 26 Jul 2022 21:31:00 -0500 BRAINSUM en text/html https://diginomica.com/next-gen-lead-gen-oracle-drills-down-fusion-sales
Killexams : Oracle Starts Job Cuts in U.S. - the Information No result found, try new keyword!Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credi ... Mon, 01 Aug 2022 05:37:00 -0500 text/html https://money.usnews.com/investing/news/articles/2022-08-01/oracle-starts-job-cuts-in-u-s-the-information Killexams : Oracle and Microsoft Collaborate to Offer Azure Customers a Path to Access Oracle databases on Oracle Cloud Infrastructure

By

Oracle and Microsoft announced the general availability of Oracle Database Service for Microsoft Azure, allowing Microsoft Azure customers to easily provision, access, and monitor enterprise-grade Oracle Database services in Oracle Cloud Infrastructure (OCI) with a familiar experience.

Users can migrate or build new applications on Azure and then connect to high-performance and high-availability managed Oracle Database services such as Autonomous Database running on OCI.

Microsoft and Oracle are extending this collaboration to further simplify the multicloud experience with Oracle Database Service for Microsoft Azure.

The Oracle Database Service for Microsoft Azure builds upon the core capabilities of the Oracle Interconnect for Azure and enables customers to more easily integrate workloads on Microsoft Azure with Oracle Database services on OCI.

Customers are not charged for using the Oracle Database Service for Microsoft Azure or for the underlying network interconnection, data egress, or data ingress between Azure and OCI. Customers will pay only for the other Azure or Oracle services they consume, such as Azure Synapse or Oracle Autonomous Database.

“Microsoft and Oracle have a long history of working together to support the needs of our joint customers, and this partnership is an example of how we offer customer choice and flexibility as they digitally transform with cloud technology. Oracle’s decision to select Microsoft as its preferred partner deepens the relationship between our two companies and provides customers with the assurance of working with two industry leaders,” said Corey Sanders, corporate vice president, Microsoft Cloud for industry and global expansion.

With the new Oracle Database Service for Microsoft Azure, in just a few clicks users can connect their Azure subscriptions to their OCI tenancy.

The service automatically configures everything required to link the two cloud environments and federates Azure Active Directory identities, making it easy for Azure customers to use the service. It also provides a familiar dashboard for Oracle Database Services on OCI using Azure terminology and monitoring with Azure Application Insights.

Since 2019, when Oracle and Microsoft partnered to deliver the Oracle Interconnect for Microsoft Azure, hundreds of organizations have used the secure and private interconnections in 11 global regions.

For more information about this news, visit www.oracle.com.


Thu, 21 Jul 2022 05:55:00 -0500 Stephanie Simone en text/html https://www.dbta.com/Editorial/News-Flashes/Oracle-and-Microsoft-Collaborate-to-Offer-Azure-Customers-a-Path-to-Access-Oracle-databases-on-Oracle-Cloud-Infrastructure-154050.aspx
Killexams : Oracle Reportedly Begins Layoffs In The US; Canada, India, Europe Offices May Follow

KEY POINTS

  • A report said that the job cuts would affect San Francisco Bay workers
  • An earlier report said that Oracle was discussing expense-cutting of up to $1 billion
  • Oracle has yet to make an official statement about the reported layoffs

Computer technology company Oracle has reportedly started cutting jobs in the United States as part of its previously reported plan to lay off thousands of employees. Previous reports revealed that the database giant was planning to cut $1 billion in expenses.

In a new report Monday, The Information revealed that the U.S. layoffs will affect some staffers in the San Francisco Bay area, citing a person with “direct knowledge of the matter.” The publication also reported that layoffs are expected in the coming weeks in some parts of Europe, Canada, and in India. Oracle has yet to make an official statement about the reported layoffs.

Last month, The Information reported that Oracle considered cost cuts of up to $1 billion and the plan could include thousands of jobs lost. According to the outlet, a person with direct knowledge of the situation noted that the proposal to cut jobs as part of trimming expenses “could disproportionately impact U.S.- and Europe-based workers in units such as marketing for software applications that automate customer service and ecommerce functions.”

Oracle Executive Vice President of Corporate Operations Douglas Kehring said during a 2021 event that the customer experience division had “historically been probably a little more disappointing than it should have been.”

While it is unclear which departments and how many people are being laid off, posts on an anonymous forum, The Layoff, indicated widespread job cuts in the company’s customer experience unit. One user posted “Confirming two in Oracle Analyst Relations got laid off in addition to a few others in exact weeks.” Another user said “3 people including myself from the CX Unity team got laid off. More calls coming in later in the day.”

Speaking with Bloomberg, a former employee who spoke on condition of anonymity said a division sales director and junior sales workers were let go. Four others with direct knowledge of the matter told the outlet that some employees were informed that they had been removed from their roles Monday.

The reported layoffs came less than two months after Oracle completed all the regulatory documents for its acquisition of health information technology service provider Cerner Corporation. In a blog post regarding the acquisition, Oracle Industries Executive Vice President Mike Sicilia wrote that Oracle “has a uniquely positioned opportunity to offer new solutions to a broken healthcare system.”

Oracle joins the list of tech companies laying off people or implanting hire freezes, including Twitter, Rivian, Klarna, and Google.

The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. Reuters / Brendan McDermid

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Mon, 01 Aug 2022 15:27:00 -0500 Marvie Basilan en text/html https://www.ibtimes.com/oracle-reportedly-begins-layoffs-us-canada-india-europe-offices-may-follow-3593762
Killexams : Insiders describe 'complete chaos' at Oracle following layoffs and restructuring

Take a deep breath. It's Friday. I'm Jordan Parker Erb, and today I'm taking you inside the "complete chaos" at Oracle as layoffs and restructuring roil the database giant.

By the way, apologies for the slight delay this morning — we had a technical issue. (Fitting for a tech newsletter!)

Let's get to it.

If this was forwarded to you, sign up here. get Insider's app here.

Larry Ellison, Oracle cofounder, speaks onstage in front of background of red circles

Kim Kulish/Getty Images

1. Oracle insiders describe "complete chaos" from layoffs and restructuring. Earlier this week, Oracle began a sizable layoff, potentially impacting thousands of employees — and those who haven't yet been laid off are scrambling to figure out whether they'll be next.

  • The hardest-hit units, current and former employees said, were in the marketing and customer experience divisions. Some marketing teams have seen their headcount slashed by anywhere from 30% to 50%.

  • In some cases, they said, managers were given the choice of who would get cut, while others had no say in how the layoffs would affect their teams.

  • The Advertising and Customer Experience team was said to have been cut, too. "The common verb to describe ACX is that they were obliterated," one employee said.

  • This leaked org chart shows Oracle's cloud leaders after the company's major organizational changes.

A look inside Oracle over the past week.

In other news:

Lina Khan speaks with hand up

FTC chair Lina KhanGraeme Jennings/Pool via REUTERS

2. The Federal Trade Commission is deepening its investigation into Amazon's Prime sign-up and cancellation process. The FTC sent out subpoenas and other demands for information after Insider reporting. Here's our scoop on what's going on.

3. Axed "Robinhoodies" say they were tipped off to layoffs weeks ago. Former Robinhood employees said they saw signs of belt-tightening — including plans to shrink office space — long before the company laid off 23% of its staff. Five former employees took us behind the scenes.

4. Elon Musk's countersuit against Twitter says the company is operating a "scheme" to mislead investors. Musk argued that he is entitled to drop the deal entirely — and Twitter pushed back, saying the billionaire's story is "implausible." Get the big takeaways.

5. Nike is offering $5,000 employee bonuses for some tech job referrals. Grappling with internal turmoil and a wave of exits, the company announced the new referral program, which has been met with mixed reviews from employees. Here's what we know.

6. Fifteen current and former Apple female employees say the company dismissed claims of misconduct. After the Financial Times reported the HR unit retaliated against some of them after speaking up about the incidents, Apple vowed to "make changes." What we know so far.

7. Startup founders' mental health is crumbling. Dried-up funding and the stress of a turbulent economic year has piled stress on founders who are already trying to do the impossible: build iconic tech companies. Why some founders "are especially not OK."

8. Elon Musk denied that he's planning to build his own private airport in Texas. Local news site Austonia reported last week that an airport could help grow his companies in the region, but Musk said that's "not true" and it "would be silly." Get the full rundown here.

Odds and ends:

Mark Zuckerberg wearing sunglasses

Alex Kantrowitz

9. Mark Zuckerberg is minting an NFT of his Little League baseball card. In a post announcing Instagram's expanded support for NFTs, Zuckerberg shared his own "soon-to-be NFT." See the potential digital collectible of a young Zuck.

10. We broke down how to unsend text messages using iOS 16. iPhone users with iOS 16 will have 15 minutes to unsend a text — and delete it from the recipient's phone. How it works and how to do it.

The latest people moves in tech:

Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) 

Read the original article on Business Insider

Thu, 04 Aug 2022 22:58:00 -0500 en-US text/html https://www.yahoo.com/lifestyle/insiders-describe-complete-chaos-oracle-105842621.html
Killexams : Accelalpha and Frontera Consulting merge forces to create powerful global Oracle Cloud applications consulting company

BELLEVUE, Wash., Aug. 3, 2022 /PRNewswire/ -- Accelalpha announced today that it has completed its strategic merger with Frontera Consulting. The merger expands the reach of both firms' complementary Oracle Cloud consulting offerings, while broadening their solution delivery capability and industry expertise to provide more extensive solutions to our customers.

(PRNewsfoto/Accelalpha)

Both companies enjoy an impressive reputation for successfully completing some of the most complicated Oracle Cloud application deployments. Together, Accelalpha and Frontera will deliver integrated multi-pillar solutions including Oracle ERP, EPM, PPM, HCM, CX, SCM, WMS, OTM, and GTM to implement Oracle's full range of cloud applications for our customers. This strategic merger brings together a significant customer base with over 400 clients and more than 500 Oracle Cloud implementations.

Frontera brings deep industry-focused offerings in Financial Services, Professional Services, Public Sector, Telecommunications, and Media & Entertainment, as well as decades of experience and a great reputation for client-focus. Frontera was one of the early adopters of Oracle Cloud applications, implementing the first ever Fusion Financials client in North America, and more than 200 successful Oracle Cloud projects since 2014. Their people are certified for Oracle ERP, EPM, PPM, HCM, and SCM, as well as Oracle Integration Cloud. Frontera has offices in New York and London, expanding the geographic reach of the combined company.

Nat Ganesh, Accelalpha CEO, said, "Accelalpha's merger with Frontera bolsters our market leadership as an organization that can implement, integrate, and manage all of the Oracle Cloud applications end-to-end to deliver comprehensive digital transformation solutions for our clients while expanding our global reach."

Kevin Beyer, Frontera Consulting Managing Partner, will continue to lead the Frontera operating unit within the Accelalpha family. Beyer said, "The combined organization of Frontera and Accelalpha creates a leading global consulting service provider with the ability to deliver a broader set of Oracle Cloud solutions and a depth of targeted industry knowledge. The two companies are a solid fit, geographically, technically, and culturally."

Together, the combined company will enjoy unrivaled depth and breadth of capability to deliver high-value, industry-specific integrated solutions to its clients worldwide.

About Accelalpha:

Accelalpha is a leader in solving critical business challenges through a unique combination of industry insight, technology depth, and a world-class team with an unmatched level of experience and domain expertise. Accelalpha leverages its expertise in end-to-end enterprise solution implementations to help companies build integrated logistic capabilities, optimize sales processes, modernize the supply chain, and realize benefits of the cloud. Our rigorous, result-oriented approach to developing solutions allows us to deliver tangible results in a shorter time frame. Accelalpha is recognized by Fortune as a best small and medium workplace and certified as a great place to work. For more information on Accelalpha, please visit www.accelalpha.com.

About Frontera:

Frontera Consulting is a leading provider of business and technology consulting services to global organizations. Collaborating closely with our clients, we create transformational solutions to meet business needs and drive performance. Our mission is to create long-lasting value for our clients through the innovative use of technology and process expertise, earning the role of trusted advisor. Frontera is headquartered in New York, with operations in London and Hong Kong, and a development center in India.

 

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Killexams : Oracle cofounder Larry Ellison says he wants to transform healthcare. First his company will have to tackle a billion-dollar mess.
  • Oracle in June purchased Cerner, a medical-records giant, for about $28 billion.
  • The US Department of Veterans Affairs tapped Cerner in 2018 to overhaul its information systems.
  • Long-standing issues with the technology and the cost of the project just became Oracle's problem.

In June, Larry Ellison, Oracle's chairman, chief technology officer, and cofounder, joined a growing list of billionaires to make lofty promises about transforming healthcare in the US.

The software giant bought the medical-records company Cerner for about $28 billion to dramatically expand its healthcare portfolio.

Shortly after the deal closed in June, Ellison laid out a vision for how the two companies could build a "revolutionary" health-information system in the cloud, creating a way for providers and public-health officials to access patient data from across organizations.

That's a dreamy departure from today, where a person can show up to an emergency room that has no available record of their blood type.

"We're going to solve this problem," Ellison said at a company event.

At $4.1 trillion — or $12,530 worth of spending per American in 2020 — the US healthcare industry is an attractive target for companies that have transformed other sectors and need new ways to grow. Amazon just made its third-largest acquisition to buy a primary-care startup, and experts have speculated it could be used to build a Prime-like offering for people to manage their health.

But after years of pivots and flops, some of Big Tech's projects in healthcare are looking more modest. Last August, Cerner hired Dr. David Feinberg from Google, which had assembled and disassembled a whole health-related product area in three years.

Oracle isn't new to health. But it's a big undertaking to fix the lack of a shared technology infrastructure for US health records, and Ellison's statements will be tough to live up to.

One issue — how well Oracle can navigate a complicated project with the US Department of Veterans Affairs — will be its most visible test.

Oracle's first major test in healthcare is public and messy

The VA is the nation's largest health system, caring for more than 9 million veterans at more than 1,200 healthcare facilities each year. In 2018 it signed a contract with Cerner to replace its 40-year-old electronic medical records. Cerner had already made about $2.8 billion from the project as of April, according to the US Senate Committee on Veterans' Affairs.

But delays and technical issues have plagued the VA's rollout of Cerner's technology. The VA initially won a $10 billion budget to pay Cerner with, but cost estimates have rocketed far beyond that sum such that Congress passed a bill to increase scrutiny of the program.

Citing a study set to be published by the Institute for Defense Analyses, Sen. Jon Tester said in a congressional hearing on July 20 that the lifetime cost of the deployment, upkeep, and other measures would be $50.8 billion over 28 years. The hearing was Oracle's first about the VA contract since acquiring Cerner.

It's unclear to what extent Oracle will use the VA's $10 billion budget to implement fixes and upgrades and how much of the cost Oracle will eat.

"Right now the new EHR is not getting her done," Tester said in the hearing, referring to the electronic-health-records system. He added, "I really do hope that the acquisition by Oracle is going to be a game-changer."

The VA rollout has involved patient harm, shutdowns, and glitches

Oracle has set its sights on using its cloud assets to Strengthen the flow of health information. The company has said it plans to create a unified national health-records database "on top of" hospitals' individual data reams. Oracle also wants to make the records themselves more useful with voice-based search and similar tools.

"That is now our primary mission here at Oracle," Ellison said.

Before 2018, the VA was identifying some of the same problems Ellison said he wanted to fix. The Department of Defense provides medical care to troops until they become veterans, at which point the VA takes over. One goal of the VA's upgrade was to give providers at both organizations a way to see those patients' records digitally.

But VA officials have said this goal, among others, has suffered as the Cerner rollout has dragged on. The Office of Inspector General overseeing the VA has issued more than 10 reports about several issues and more than 60 recommended fixes, a handful of which are two years old and still haven't been implemented, frustrating lawmakers.

Crashes and slowdowns of Cerner's technology have caused VA staffers to switch to pen and paper. Providers have struggled to learn the new system, leading the VA to implement more training. And a quirk of the Cerner record has sent physicians' medical orders in Spokane, Washington, to an unmanned inbox, leading to delays in care.

One of the reports described a case in which a psychiatrist's order to schedule a follow-up appointment for a patient without a home was lost in the queue. The report said the patient, who was at risk of suicide, called a crisis line four weeks later about a plan to self-harm, then was hospitalized.

The first VA facility launched Cerner's technology in October 2020, and four more have followed, but no further deployments are planned for 2022 while the VA assesses these issues. Dr. Terry Adirim, who's leading the records project for the VA, said in the hearing that there's concern about what would happen in larger, complex medical centers that perform surgeries and have intensive-care units.

Oracle is pouring resources into the VA issues

To face the music on Capitol Hill, Oracle sent Mike Sicilia, an executive vice president who's leading the Cerner acquisition.

"In my exact meetings with many of you and other congressional stakeholders, your frustration with the current situation was clear," Sicilia said.

The executive said that this was Oracle's first priority and that it had already shifted its top talent, including senior engineers, to work on the VA and Defense Department's EHR system. He said Oracle's main strategy to remedy bugs and cut costs is to move the Cerner application to a modern cloud data center within nine months, if it gets permission from the government to do so.

Oracle did not respond to Insider's request to say more about how that would work, but Sicilia said the migration would come at no additional expense to taxpayers.

Asked whether Oracle knew about the magnitude of these challenges, Sicilia, nearly smiling, said there are always things you discover after the fact.

"We certainly had read things that were publicly disclosed," he said. "But there's nothing like owning something to fully understand what's going on."

Thu, 28 Jul 2022 02:10:00 -0500 en-US text/html https://www.businessinsider.com/oracle-cerner-va-issues-larry-ellison-2022-7
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