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Killexams : Oracle Administrator information - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-874 Search results Killexams : Oracle Administrator information - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-874 https://killexams.com/exam_list/Oracle Killexams : The Better Buy In Business Software And Cloud/AI: Oracle Or Intuit?
Thoughtful man sitting down. Confusion and overthinking concept.

Mihaela Rosu

I like the Oracle (NYSE:ORCL) valuation setup, but am leery of missing growth drivers over the last decade. I like the Intuit (NASDAQ:INTU) strong-growth profile, but the valuation is still a little expensive. That's the dilemma for investors researching these two leaders in the business software industry, both with increasing focus on cloud-based artificial intelligence [AI].

The two companies work at different ends of the marketplace (exclusively business-to-business sales for Oracle vs. more of a retail model for Intuit), but operate with remarkable, similarly high gross profit margins. Gross margins for the two are nearly the best of any Big Tech peer or competing enterprise.

YCharts by SA


Management decisions and focus seem to be conservative and deliberate at Oracle, while Intuit is a leader in reviewing customer surveys and ratings to reinvent its software over time. Both have engaged in major merger deals in recent years to fill in gaps for offerings and add new levels of data for future AI endeavors.

Oracle is in the process of digesting its $28 billion acquisition of Cerner, one of the world’s top medical recordkeeping enterprises. The merger idea is medical care information can be more effectively managed through Oracle’s cloud networks and operating systems, with the combined effort able to expand faster outside the U.S. For sure, co-founder and Executive Chairman Larry Ellison has been searching for ways to increase Oracle growth rates.

Intuit bought Credit Karma (a free to use financial information website) for $8 billion in 2020 and Mailchimp (email marketing for small business) for $12 billion in 2021. Management has been busy entering new markets to provide small business with useful products, and opening avenues to cross-sell existing software.

Operating Highlights

Oracle’s growth rate estimates for sales and earnings are in the neighborhood of 9%-12% annually. The Cerner deal was small in comparison to ORCL’s $190 billion stock market capitalization, and may not move the needle much for accelerating investor interest.


Oracle Website


Oracle Website


Oracle Website, 2022 Milestones

While Oracle is a leader in cloud and networking infrastructure, analytics, software and solutions for big business, Intuit is the top cloud software and online provider for small businesses in America, running QuickBooks, TurboTax, Mint (budget tracking and financial management), Credit Karma, and Mailchimp, among other popular names. Intuit has projected underlying growth rates of 15%-20% annually the next five years vs. an equity capitalization of $105 billion today.


2022 Annual Shareholders Meeting Presentation


2022 Annual Shareholders Meeting Presentation


Let's quickly run through some investing data points for comparison. If your goal is low upfront valuations of the operating business, Oracle looks like the clear winner. Assuming a zero-growth future for both organizations, Oracle would be the better choice, hands down. Enterprise value, including equity and debt capitalizations, to forward projected EBITDA or Revenues favors Oracle as the bargain choice.

YCharts by SA


However, cash flow valuations are considerably closer to each other. In fact, price to "trailing" free cash flow generation favors Intuit (good for a nearly 4% free cash flow yield at $385 per share).

YCharts by SA


Business Growth and Investment Returns

If your investment goal is maximized gains for your brokerage account, Intuit's excellent level of growth has driven a material price advance. Trailing total returns have more closely followed growth rates in the underlying businesses since 2020, with Intuit as the top choice.

YCharts by SA


And, Intuit is projected to grow much faster than Oracle for years to come, highlighted on the consensus estimate tables below.

SA Table

ORCL, Seeking Alpha - Analyst Estimates - July 13th, 2022

SA Table

INTU, Seeking Alpha - Analyst Estimates - July 13th, 2022

Since late 2021, both have suffered from the rise in interest rates and a looming economic slowdown, just like Wall Street equities generally or other Big Tech selections. Investment losses over the past year are hovering around -20% for both Oracle and Intuit.

YCharts by SA

1-Year Total Returns, YCharts

Yet, the difference in growth rates has made a huge impact on investor returns over longer periods of time. On a 5-year performance chart, total returns including price appreciation and dividends have favored Intuit's rapid growth. INTU has widely outperformed Oracle, the SPDR S&P 500 ETF (SPY) and Invesco NASDAQ 100 ETF (QQQ).

YCharts by SA

5-Year Total Returns, YCharts.com

Momentum Tiebreaker

When you get down to a few picks with just as many pros and cons to weigh vs. the other, I defer to the trading momentum picture to make my final judgment. Overall, I do find Intuit’s underlying long-term technical indicators are holding up better, some of them drawn underneath the price/volume stats on the 18-month chart below. Specifically, the stronger Negative Volume Index and On Balance Volume stats are noteworthy for Intuit, despite a steeper percentage price decline. So, in my final comparative analysis, I believe Intuit is the more intelligent long-term buy, regardless of its higher upfront valuation today.





What If They Merged Operations?

When researching this article, I had a crazy thought. Putting the two together would create one of the world’s top cloud and business software/solutions sellers for everyone in the working world, with cross-selling possibilities and future artificial intelligence [AI] data gathering/parsing/learning to help productivity across the board. An example of merger synergies, Oracle could extend its accounting software reach with the QuickBooks name as a starter package for more advanced company-specific applications.

Here’s my theoretical proposal: Oracle could use help with outside-of-the-box thinking on enabling business customer efficiency. Intuit could benefit from larger data scale and a smarter introduction to international markets with the right partner. Oracle would have better direct access selling its cloud products to tens of millions of existing Intuit customers. The Intuit ecosystem is a much larger pond and could eventually funnel successful business customers to Oracle products, a function of existing goodwill built over the years.

Together, the AI possibilities in the future are quite mindboggling, with an active client/user footprint as high as 200 million in five years (Intuit’s goal number vs. 430,000 current customers for Oracle). Why not use Intuit's high ratings by customers to your advantage?

A “New” Microsoft?

If you will, Oracle/Intuit could become the “new” Microsoft (MSFT), with a full complement of offerings for every part of the business community. For a theoretical purchase price, I am assuming an all-stock Oracle bid with a slight 20% price premium paid for Intuit (more of a merger of equals).

You would think adding a somewhat different business software firm with a retail focus vs. Oracle’s networking application background might alter management decision-making in a negative way. Perhaps, but Microsoft’s strength is offering everything from consumer software and operating systems at the retail level all the way up to cloud and networking services for big business. The expansion of brand name awareness and cross-selling of services is the beauty of Microsoft’s business model. Apple (AAPL), Alphabet/Google (GOOG) (GOOGL), and Amazon (AMZN) are running the same approach to much higher business growth rates and investor returns than Oracle. To a degree, Oracle’s legacy business is stuck in a slower growth position, as it competes with a short list of well-heeled multinationals for the same big business pie of cloud and networking spend.

Looking forward, a marriage of estimated growth rates the next two years would get the combined company closer to Microsoft’s top-tier forecast in the cloud and software services area of Big Tech.

YCharts by SA


On a 20% premium offer for Intuit, combined enterprise value on forward revenues would be an estimated 6.9x multiple. For this higher margin business, the relative valuation would be a solid 20% discount to the analyst estimated 8.5x multiple for Microsoft. (Remember: both Oracle and Intuit generate far higher gross profit margins on sales in the 80% range vs. Microsoft's current 69%.)

EV to forward EBITDA for the merged company would be about the same as Microsoft’s estimate. However, my proposed combined price to forward 1-year earnings multiple of 17.5x would roughly stand at a 15% discount to Microsoft’s 20.5x ratio.

The point of this exercise is a combination of Oracle and Intuit assets would initially be priced at a discount to Microsoft's valuation, with an outlook just as bright. More than likely, institutions and mutual/hedge funds would be very excited to own an equivalent growth rate, higher margin blue-chip business than Microsoft in the U.S. high tech space.

Final Thoughts

Intuit is good for a starter position at $385, but I am still looking for lower quotes in the weeks/months ahead. I rate INTU between a Buy and Hold presently. My view is further outsized weakness in Intuit should absolutely be bought by long-term investors. Prices closer to $300 a share would be strong buy territory. I rate Oracle more of a market-performer or Hold in a weakening economic environment, as currently positioned. Of course, lower pricing would bring a more compelling bullish argument.

Nevertheless, a fully integrated cloud solutions/software company able to sell to every and any business outfit in America (through both back-office and retail sales) could be truly interesting to own. While Intuit is not the obvious choice for a takeover play by Oracle, I believe it offers a unique chance to kick-start operating growth rates and Wall Street interest. A combination of innovative services/platforms for small business with Oracle's focus on big tech, big business, big data could open all kinds of cross-selling opportunities and enhance the Oracle brand name with consumers/customers.

As AI problem-solving becomes more common in our data-driven world, the merged organizations would have unique offerings and scale to help businesses grow throughout their lifecycle. Access to huge amounts of Intuit data on small business activities would be the AI icing on the cake to target greater efficiencies and new products for American business success. The combined effort would rival International Business Machines (IBM), Meta Platforms (META), Microsoft, Apple, Amazon and Alphabet for potential AI revenue success.

What are the odds of my mental exercise happening in the real world? I would guess the odds are low, but the idea is worthwhile to contemplate. I am confident an Oracle/Intuit marriage would greatly Boost and diversify the prospects for either set of shareholders vs. a standalone setup.

Thanks for reading. Please consider this article a first step in your due diligence process. Consulting with a registered and experienced investment advisor is recommended before making any trade.

Fri, 15 Jul 2022 20:08:00 -0500 en text/html https://seekingalpha.com/article/4523734-oracle-intuit-better-buy-business-software-cloud-ai
Killexams : Oracle considers cutting costs, thousands of jobs at risk

Oracle is considering a major cost-cutting exercise. The cuts could lead to thousands of employees losing their jobs. The acquisition of Cerner for over €27 billion ($28 billion) and major investments in TikTok play a role.

According to a report in The Information, the tech and cloud giant is reviewing ways to save roughly €998 million ($1 billion). The cuts are necessary to accommodate the acquisition of Cerner, a major healthcare technology company acquired for over €27 billion euros ($28 billion). Cerner comes with 28,000 employees. Furthermore, Oracle is investing large sums in TikTok.

According to an unnamed Oracle spokesperson, the plan could lead to thousands of job cuts in August. Employees in the United States and Europe are at particular risk. Most of the cuts are expected in Oracle’s customer service, marketing and e-commerce departments.

Furthermore, The Information expects several management changes. Ariel Kelman (CMO) and Juergen Lindner (VP of marketing for SaaS) are said to be leaving. Oracle hasn’t commented on the rumours at the time of writing.

Tip: Oracle receives approval for €26 billion Cerner acquisition

Sun, 10 Jul 2022 23:25:00 -0500 en text/html https://www.techzine.eu/news/infrastructure/82960/oracle-considers-cutting-costs-thousands-of-jobs-at-risk/
Killexams : DiMe Releases Toolkits to Boost Sensor Data Integration and Power Better, Faster Global Healthcare and Research

BOSTON, July 18, 2022 /PRNewswire/ -- Today, the Digital Medicine Society (DiMe) released the Sensor Data Integrations Toolkits, four comprehensive toolkits to guide data producers, processors, and consumers to use the influx of data from the increased use of wearables and digital sensing products at scale. These resources are based on the Sensor Data Integrations project, comprised of healthcare leaders from Amazon Web Services (AWS), Oracle, the Moffitt Cancer Center, Takeda, the US Department of Veterans Affairs (VA), and more. These toolkits will help realize the promise of sensor generated data to drive better decisions, faster, to Boost healthcare delivery and research. The project team will conduct a demo of the toolkits during a live launch event on July 18 at 10:30 am ET, featuring Micky Tripathi, the National Coordinator for Health Information Technology at the US Department of Health and Human Services.

The surge of data from sensor technologies is far outpacing the industry's ability to collect, store, analyze, protect, and use this data effectively for patient care and research. The number of US patients using remote patient monitoring devices is expected to surpass 70 million by 2025. Between 2022 and 2028, the global market for wearable technology is expected to grow around 18.5 percent, reaching $380.5 billion. The number of unique digital endpoints being used in industry sponsored trials of new medical products increased by over 950% between October 2019 and May 2022. The number of sponsors using these products in medical product development increased from 12 to 96 in the same timespan. And while the ability to discern high-quality sensor data suitable for clinical decision making is increasing rapidly, the ability to access these data is constrained by a current dependence on individual point solutions.

"Sensor generated data, captured during people's daily lives, offer the opportunity to redefine how we measure health and disease. This opportunity powers the possibility of using high quality, high resolution flows of data to reimagine our approach to healthcare and research, leveraging more complete information to Boost individual clinical decisions, decisions about the effectiveness of new medical products, and broader policy and public health decisions," said DiMe CEO Jennifer Goldsack. "DiMe's new Sensor Data Integrations Toolkits provide action-oriented resources to help data producers, processors, and consumers come together to create a sensor data ecosystem suitable for scale."

AWS has contributed customer feedback and technical expertise to ensure the toolkit meets the needs of today's modern healthcare system. "Across every industry, we see companies trying to accelerate their path to the cloud," said Lita Sands, Head of Solutions Life Sciences at AWS. "Timelines are getting quicker while the data collected is increasing exponentially – there is a clear and significant need for how to effectively and securely collect and use this information at scale. DiMe's new toolkits are a lifeline to organizations working with sensor data. They offer a comprehensive starting point for data producers, processors, and consumers to help build an integrated pipeline to support better and faster decision making."

The development of these toolkits builds on DiMe's previous pre-competitive initiatives, such as The Playbook, the essential guide for developing and deploying digital clinical measures to advance patient care, clinical research, and public health. The Sensor Data Integrations Toolkits go further to ensure that high quality sensor data can be used at scale to Boost patient care and speed efficient medical product development.

The DiMe community is currently working on additional projects related to taking digitally generated data to scale and will be releasing additional resources over the coming months. DiMe is not only committed to creating and disseminating new digital health approaches and tools, but also sharing user experiences with the broader community. We encourage Sensor Data Integrations Toolkits users to contribute to Dime's "Resources in Action" case study hub by sharing how you are using resources to further the safe, effective, equitable, and ethical use of digital medicine to redefine healthcare and Boost human health.

The leading organizations from across the global healthcare, research, and digital health innovation sectors that collaborated with DiMe to create these open-access resources are AWS, Elevance Health, Evidation, US Food and Drug Administration (FDA), Human First, Institute of Electrical and Electronics Engineers, Medable, Moffitt Cancer Center, Open mHealth, Oracle, Savvy, Takeda, and US Department of Veterans Affairs (VA).

About the Digital Medicine Society: DiMe is a global non-profit and the professional home for all members of the digital medicine community. Together, we tackle the toughest digital medicine challenges, develop clinical-quality resources on a technology timeline, and deliver these actionable resources to the field via open-source channels and educational programs. Join us to advance the ethical, effective, equitable, and safe use of digital medicine to redefine healthcare and Boost lives.

Media Contact: Carla English, [email protected]

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Mon, 18 Jul 2022 00:10:00 -0500 text/html https://www.tmcnet.com/usubmit/2022/07/18/9639929.htm
Killexams : TikTok Data Practices Under Fire as US Lawmakers Amplify Calls for FTC Investigation

Congressional interest in TikTok’s data practices and the level of access Beijing employees have to US user data is increasing, with the heads of the Senate Intelligence Committee issuing a bipartisan call for an FTC investigation.

Once an issue that was largely thought to be a partisan Republican interest, a recent leak of audio meetings in which TikTok staff appear to admit to previously undisclosed data practices has drawn the interest of some prominent Democrats. Senator Mark Warner of Virginia, head of the Intelligence Committee, joined counterpart Senator Marco Rubio of Florida and other members of Congress in addressing a letter to FTC head Lina Khan calling for an investigation.

Congress is seeking more information after the leaks revealed that US TikTok staff appear to hand off tasks to staff in China due to lack of knowledge, and that Beijing-based engineers have access to “everything” on the platform.

FTC investigation sought to address “misrepresentations” by TikTok of data security, data processing, corporate governance practices

The issue stems from the last time TikTok had negative attention from the US government focused on it, a Trump administration campaign against the app during the 2020 run-up to the most recent presidential election. The issue beginning with Trump campaign ads that called out TikTok may have slanted Democrat perceptions of the situation, viewing it as part of Trump’s variety of spurious claims about election interference.

The Trump administration eventually called for a ban on the app, giving it several months to find US-based ownership within several months to avoid being pulled from app stores. A court case by TikTok owner ByteDance and a proposed purchase by Oracle delayed the issue enough to push it past the election, and put the ball in the court of the incoming Biden administration (which appeared to largely drop the issue and allow TikTok to continue on with business as usual).

One restriction on TikTok did emerge from that contentious period, however: the company pledged to segregate the date of US users from its central operations in China, keeping it beyond the potential reach of the Chinese government. Much of the US government confidence in easing up on TikTok stemmed from this promise, helping to head off similar calls for an FTC investigation in 2020.

But leaked audio from over 80 internal TikTok meetings, which emerged in June and were provided to Buzzfeed News reporters by an anonymous source, appeared to contradict these promises of siloed data practices. The leaked meetings were from the period of September 2021 to January 2022, and refer specifically to US TikTok employees having to consult with counterparts in China to handle domestic data flows due to lack of knowledge. There were also scattered references to engineers in China being able to access anything across the company’s systems, and contractors performing internal audits raised suspicions of “backdoors” in the platform.

Valid questions about TikTok data practices raised, but prospects of an investigation still unclear

An FTC investigation is entirely at the agency’s discretion, but this would not be the first time that it has probed TikTok over its data practices. The app was under examination in 2019 over its history of handling the data of underage users, dating back to its inception as “Musical.ly” several years earlier. That investigation was settled, however, with TikTok paying a $5.7 million fine and pledging to change how it handled the accounts of users under the age of 13. TikTok was also hit with a class action lawsuit related to the FTC investigation, which it settled in 2021 with a $92 million payment to the claimants.

TikTok issued a statement in June (just prior to the audio leaks) indicating that it had completed migrating US user data to servers owned by Oracle. It maintains some backups of this data overseas in Singapore, but has pledged to move those to the US in time as well. Chief Executive Shou Zi Chew has also told Congress that the company has “new advanced data security controls” maintained by Oracle in the works that would be available in the “near future.”

The timeline of the leaks and their content makes it possible that TikTok was not dealing in bad faith in its data practices, but ran into technical expertise issues that it felt could only be resolved by looping in ByteDance’s most experienced China-based engineers to handle. At minimum the company overstated the level of security that US user data had, however, and questions of data access in China are always sensitive due to the CPC government’s requirement that companies based there make all of this sort of data available to it upon request. An FTC investigation would no doubt focus on exactly what these points of access to US user data were and seek information about how they were used.

A recent leak of audio meetings in which TikTok staff appear to admit to previously undisclosed data practices has some members of Congress calling for an FTC investigation. #privacy #respectdataClick to Tweet

Another point of data practices-related concern that would likely be raised by an FTC investigation is the possibility of Beijing being able to directly influence algorithms in the US version of the app, something that some members of Congress fear could be abused by the Chinese government for propaganda purposes. TikTok has told the Senate Intelligence Committee that corporate governance decisions in the US are “wholly firewalled” from ByteDance leadership in Beijing. The company also recently stated to media outlets that it has never shared US user data with the Chinese government, nor would it if asked.

Fri, 15 Jul 2022 04:00:00 -0500 Scott Ikeda en-US text/html https://www.cpomagazine.com/data-privacy/tiktok-data-practices-under-fire-as-us-lawmakers-amplify-calls-for-ftc-investigation/
Killexams : Kyndryl Partners with Oracle to Accelerate Cloud Services Delivery

Kyndryl, an IT infrastructure services provider, is partnering with Oracle to help customers accelerate their journey to the cloud by delivering managed cloud solutions to enterprises around the world.

As part of the alliance, Kyndryl will become a key delivery partner for Oracle Cloud Infrastructure (OCI), expanding upon its deep experience of working with and supporting customers using Oracle products and services.

“We are pleased to expand our collaboration with Oracle and will work to help customers modernize applications and workloads to accelerate and succeed on their journey to the cloud,” said Stephen Leonard, global alliances and partnerships leader, Kyndryl. “The combination of Kyndryl managed services and Oracle Cloud Infrastructure provides a versatile and efficient foundation for companies to confidently move, build and run their mission-critical IT operations in the cloud.”

With OCI, customers benefit from best-in-class security capability, consistent high performance, simple predictable pricing, and the tools and expertise needed to bring enterprise workloads to cloud quickly and efficiently, according to the vendors.

In addition, Kyndryl will leverage its participation in Oracle PartnerNetwork (OPN) to extend the reach of its global cloud services delivery capabilities across the network.

Kyndryl plans to offer a wide range of new services that leverage Oracle technologies to help companies modernize and move their applications and databases to the cloud. The solutions will be supported by Kyndryl’s advisory and implementation services that are backed by thousands of experienced consultants globally who help customers to unlock the potential of their cloud-enabled IT transformation projects.

Kyndryl also intends to create customer solutions in the areas of data modernization and governance, AI-driven innovations for industries, cyber security and resiliency, and transformation of mission-critical workloads to the cloud.

Additionally, Kyndryl will support Oracle Cloud@Customer and Oracle Exadata offerings with IT infrastructure services to assist customers with consolidating databases, lowering administration costs, and improving uptime.

As a licensed reseller of Oracle software, Kyndryl provides its managed services expertise and delivers a cohesive turnkey solution to customers.

“Enterprises are feeling intense pressure to modernize their businesses rapidly while maintaining the continuity of mission-critical operations,” said Doug Smith, senior vice president, strategic partnerships, Oracle. “The combination of Kyndryl’s expertise and Oracle Cloud Infrastructure empowers these organizations to realize their desired business outcomes from the latest technological innovations. Through this partnership, we will expand our reach, helping more customers around the world move critical workloads to the cloud.”

To further Kyndryl’s OCI expertise and skills in support of the partnership, Kyndryl has established a global competency center and devoted resources to expand and increase Oracle Cloud certifications across Kyndryl’s managed services team.

Kyndryl is positioned and registered with the Oracle Partner Network in 53 countries, enabling global service delivery. As an Oracle partner, Kyndryl will focus on cross-industry services to help customers modernize their applications and databases for the cloud. Key areas of focus for the services include:

  • Resiliency and Disaster Recovery options, such as zero latency data loss recovery appliances and security services for Oracle Cloud Infrastructure.
  • Network and Edge computing capabilities that leverage Oracle data center reach using Oracle’s Roving Edge Infrastructure and Kyndryl Managed Services.
  • Data analytics services enabled by Kyndryl’s IT specific applied AI.
  • Advanced database consolidation and migration of on-prem ERP software to OCI.

For more information about the Kyndryl and Oracle partnership, visit https://www.kyndryl.com/us/en/about-us/alliances.

Wed, 06 Jul 2022 04:22:00 -0500 en text/html https://www.dbta.com/Editorial/News-Flashes/Kyndryl-Partners-with-Oracle-to-Accelerate-Cloud-Services-Delivery-153719.aspx
Killexams : How two college friends launched a company that has helped save 32 terawatt hours of energy and more than $3 billion in energy bills

The founders of Opower, Daniel Yates and Alex Laskey.

Brooks Kraft | Corbis News | Getty Images

In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later.

Before Alex Laskey launched an energy efficiency company in 2007, he was primarily working on political campaigns, "almost exclusively losing campaigns," he told CNBC in a phone conversation in June.

Towards the end of his early run in politics, in 2006, Laskey worked in public opinion research and political polling about voter sentiment on, mostly, environmental and energy issues, and that work catalyzed Laskey's awareness of and sense of urgent desire to respond to climate change.

The political opinion polling also taught Laskey that while "climate change" was a highly politicized issue in 2006 (and still is, according to Pew Research Center), that even back in 2006, almost all American voters agreed with the idea of "saving energy" and not being wasteful, Laskey told CNBC.

As these learnings were percolating for Laskey, he reconnected with his college friend Dan Yates, who had in 2004 sold his education software company Edusoft to Houghton Mifflin for $40 million. The two decided to work together on an effort related to the environment and responding to climate change. In January 2007, Laskey and Yates committed to spend a few months testing out some ideas and seeing how compatible they would be working together.

The startup that Laskey and Yates would go on to launch was Opower, which shared energy efficiency recommendations with customers through the utility companies that serve them. In 2014, the energy efficiency company went public. Two years later, it was acquired for $532 million by software giant Oracle. Today, Opower is still operating within Oracle as a part of its utilities-focused business, and is still being run by an early hire, Matt O'Keefe.

For Opower, which appeared on the inaugural CNBC Disruptor 50 list in 2013, being acquired helped the company accelerate its impact, building on the back of Oracle's software strength. Since 2016, Opower has tripled the amount of energy the company has been able to help customers save. Households that get energy from a utility company that uses Opower's energy efficiency recommendations have saved more than 32 terawatt hours of energy savings. Before Oracle bought Opower, the company had been able to save 11 terawatt hours of energy.

The 32 terawatt hours of energy can be an abstract number that's hard to contextualize, but here are some real world constructs: a terawatt is a trillion watts or a thousand times bigger than a gigawatt. A gigawatt can power 3.125 million solar panels or 110 million LED lights, so a terawatt is a thousand times that: 3.125 billion solar panels or 110 billion LED lights. That 32 terawatt hours of energy savings Opower has been responsible for translates to saving customers $3.3 billion on their bills.

That 32 terawatt hours of energy saved means 16 million metric tons of carbon dioxide emissions have been avoided. That too can be hard to grasp in any tangible way, but for context, a metric ton is 2,204.6 pounds and a metric ton of carbon dioxide would be held in a cube 27 feet on all sides, which is about the length of a telephone pole, according to Massachusetts Institute of Technology's database of global warming information.

How the idea for Opower came together

A few "aha moments" helped coalesce and guide the creation of Opower.

First, Laskey had a "pretty old, beaten up Honda Civic" and Yates had a much nicer Toyota 4Runner but when the two would go on double dates with their respective partners, they would "pile into" the Honda Civic, even though the 4Runner was more comfortable, especially for four people. That decision was, at least in part, driven by their desire to not waste gas. And while it was easy for them, and most everyone on the road, to know the gas mileage of the cars they were driving, or not driving, they had absolutely no sense of how energy efficient or inefficient their apartments in San Francisco were relative to their neighbors.

"In other words, we could be driving a Civic or Prius, but returning to Humvee homes," Laskey told CNBC. "And we had no idea. And not only did we have no idea but nobody else had any idea."

At the same time, a professional acquaintance they were speaking to about some of their ideas introduced them to the work of behavioral psychologist, Robert Cialdini, who presented the idea that the most powerful tools to influence behavior are when an individual is presented with a normative comparison, or the idea of comparing an individual's score, ranking or performance to the average of the group.

Laskey says another iterative step toward launching what would become Opower was when Google announced it was going to put solar panels all over its office buildings. That announcement from the tech giant was on the front pages of several newspapers. And at the same time, Laskey was reading about a program to replace refrigerators in low-income housing with energy-efficient refrigerators in New York City, a program that made a "real impact, a material impact" on energy savings and money saved for residents.

"We did the calculations and realized all of the energy that was going to be produced by the solar panels paled in comparison to the energy that had been saved and was being saved by these refrigerators," Laskey told CNBC. "And, nobody was writing about the refrigerators."

The "boring and unsexy" domain of energy efficiency was an "overlooked opportunity," Laskey said.

(L-R) Clean Energy Project Board Chair Rose McKinney-James, Opower Founder and CEO Alex Laskey, SolarCity Founder and CEO Lyndon Rive, View Inc. CEO Rao Mulpuri, Nest Labs Director of Energy Products Ben Bixby and Mosaic Founder and President Billy Parish attend the National Clean Energy Summit 7.0 at the Mandalay Bay Convention Center on September 4, 2014 in Las Vegas, Nevada.

David Becker | Getty Images Entertainment | Getty Images

Getting the utilities on board

Laskey and Yates got started by talking to utility companies and politicians. Energy utility companies have regulated targets they have to meet for saving their customers energy and so Laskey and Yates' pitch was to build a software product that would help energy utility companies help their customers save energy — and build the customer's relationship with the utility company at the same time.

Laskey and Yates talked to energy utility companies in California and Texas and were part of an effort to get a bare-bones piece of energy efficiency legislation signed into law in Texas by then-governor Rick Perry. "That was the kind of final kick in the pants that this was a business worth at least trying," Laskey said.

They signed their first customer in 2007, which was a public utility in the Sacramento, Calif.-area owned by citizens, the Sacramento Municipal Utility District.

Building out their customer base was slow. "The reality in selling to utilities is that these are risk-averse, slow-moving organizations," Laskey said.

One benefit of building a company with an expressed purpose to save energy is that Laskey and Yates were able to attract employees to work for them who were looking to make a difference in the world. And building a mission-driven company helped recruiting tremendously. Opower employees "left Google and Facebook and Amazon and Microsoft to join us, in many cases taking lower salaries to do that," Laskey said.

Opower's mission was lauded publicly by the White House, too. In its early days, Opower was praised by the Obama administration for its work saving energy and President Obama visited the Arlington, Virginia.-headquarters of Opower in 2010 to congratulate the team on the work they were doing. "The jobs of tomorrow will be jobs in the clean energy sector, and this company is a great emblem for that," Obama said during his visit, according to Energy Department records.

US President Barack Obama speaks on energy jobs as he visits OPOWER in Arlington, Virginia, on March 5, 2010.

Jewel Samad | Afp | Getty Images

Opower inside of Oracle

For the decade he was building Opower before selling it to Oracle, Laskey spent 160 nights a year on the road. "I didn't want to spend the rest of my life on airplanes all the time," Laskey said.

And Oracle was a logical fit for a buyer. It has an entire suite of products and software that is custom built for the utility industry and is sold exclusively to the utility industry. While Opower had customers in 12 countries at that point and was already a larger company than Laskey "ever imagined we would be," expanding and growing in other countries was a challenge. Selling to a software powerhouse like Oracle helped Opower grow faster.

Today, Laskey is running a stealth medical device company and he is also running a nonprofit advocacy organization called Rewiring America, which is working to electrify everything, with a specific focus on inside the home. The goal is that Rewiring America will be successful enough to shut itself down in the next ten to 15 years. "The hope is that within 10 years that everywhere in the country, the default, easiest, most convenient thing to do will be to install heat pumps instead of fossil-fuel burning machines," Laskey said.

Yates is the executive chairman at Dandelion, a startup that spun out of Alphabet's X and is working to accelerate the deployment of heat pumps. Yates is also co-owner of a spice e-commerce company and on the board of environmental activist organization the Natural Resources Defense Council.

Today, O'Keefe is running Opower internally at Oracle.

Opower teammates at their first in-person meeting as offices reopened in 2022. Matt O'Keefe is third from the left, back row.

Photo courtesy Opower

O'Keefe joined the company in January 2013 in a regulatory and market development role for West Coast states. Previously, O'Keefe was representing a wide swath of energy efficiency businesses to the state regulatory body in California. "When we were acquired, I found out via text message from my boss on my honeymoon. I was waking up in Japan, with my wife — very, very recently, wife at that time — and it was a really surprising moment for sure. But we had gone public only a couple of years before and so it wasn't shocking that that was what was happening," O'Keefe told CNBC.

O'Keefe has stayed on with the company, now formally called Oracle Utilities Opower, because he sees the potential for more impact in the form of energy conservation. "I've asked myself each year: Can we still expand our impact? And I've always seen that that possibility is there," O'Keefe said. He reports to the head of the global business unit for energy and water.

Within Oracle, OPower is still making personal recommendations to customers via their utility company based on their personal information, and offering steps customers can take to save energy and money.

"We give specific tips and tricks," O'Keefe said, like recommending temperature settings for a thermostat, asking customers to run their dishwasher or laundry machines at a specific time, and think about their hot water usage. "Here's the good news: People want to help. People are willing to commit, and people are willing to make these small actions," O'Keefe said.

The Opower team in Virginia celebrating Pride Month in June, 2022.

Photo courtesy Oracle

Specifically, Opower recently asked people to change their energy consumption behavior during times of peak energy demand due to extreme weather for utilities including Baltimore Gas & Electric, Burbank Water & Power, ComEd, Con Edison, CPS Energy, Delmarva Power, PECO, Sacramento Municipal Utility District and San Diego Gas & Electric.

Last year, Opower ran a program with National Grid to deliver personalized videos to people explaining the breakdown of their energy use and why a heat pump is a good idea. Those personalized videos have 12 times the rate of success in getting eyeballs compared with Opower's more standardized versions of energy reports that run online.

And other campaigns Opower run have a more direct focus on saving low-income people money.

"Energy efficiency has always played this role of the workhorse, that fundamental foundation ... but it's always been the least sexy, as well," O'Keefe told CNBC. That's beginning to change, as people more and more realize the importance of focusing on using less energy in addition to making what energy they do use be clean. Also, demand for electricity is continuing to increase because citizens are replacing fossil fuel-powered machines with electric options.

"So energy efficiency has changed, and the industry has changed. And the way they view each other has changed," O'Keefe said.

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Thu, 14 Jul 2022 06:26:00 -0500 en text/html https://www.cnbc.com/2022/07/14/how-opower-sold-to-oracle-has-helped-save-3-billion-in-energy-bills.html
Killexams : Digital Realty and Oracle Strengthen Partnership through Second Oracle Cloud Region in France

Oracle Cloud Infrastructure services are now available from Oracle Paris Cloud Region in Interxion's Paris Digital Park (IPDP), the largest data center campus in France, located less than three kilometers from Paris

Companies can now implement their digital transformation strategies and deploy hybrid and multi-cloud while reducing their environmental impact

PARIS, July 18, 2022 /PRNewswire/ -- Interxion: A Digital Realty Company (NYSE: DLR), a leading provider of cloud- and carrier-neutral data center, colocation and interconnection solutions in EMEA, today announced that it is providing its customers located in Interxion's Paris data center campus with direct and secure access to Oracle Cloud Infrastructure (OCI) via the new Oracle Cloud Paris Region.  

Digital Realty

Within Interxion Paris Digital Park (IPDP), Interxion's largest campus in France located just three kilometers from Paris, customers can deploy their critical infrastructure and be supported in their digital transformation by gaining access to one of the leading cloud and interconnection hubs in Europe and the fourth largest internet hub in the world as of today.

The decision to open Oracle's second cloud region in Paris, France, was made in direct response to the growing demand for hybrid cloud services emanating from the public sector, as well as enterprises and SMEs. This development marks the opening of Oracle's 38th cloud region worldwide,  which is one of the fastest expansions of a major cloud provider.

Christophe Negrier, SVP EMEA South, Cloud Business and Managing Director, Oracle France, comments: "After the opening of our first cloud region in Marseille, we have selected Interxion again to help deploy our critical infrastructure and offer Oracle Cloud Infrastructure via our latest cloud region in Paris. This relationship is based on a common objective to support the digital transformation of companies by limiting their environmental impact. Interxion France's corporate social responsibility (CSR) policy has thus proved to be an important criterion of choice for us, particularly in view of their contribution to carbon neutrality for scopes one and two. In addition, Interxion's use of renewable energy corresponds to Oracle's commitment to sustainability and its pledge to power all Oracle Cloud regions worldwide with 100 percent renewable energy by 2025, which is already the case in all of our data centers in Europe." 

The opening of Oracle's second cloud region with Interxion in France is a logical extension of its existing partnership, both at a local level, following the launch of its first cloud region in Marseille last year, and at a global level with Digital Realty. Through PlatformDIGITAL®, Digital Realty's global data center platform, customers have access to top-tier cloud providers like Oracle Cloud Infrastructure, as well a platform of several densely populated connected data communities that includes 1,500+ enterprises, 1,200+ network service providers, and 1,100+ cloud and IT providers as of today, all via a single data center provider.

Fabrice Coquio, SVP, Digital Realty & Managing Director, Interxion France, comments: "We are very excited to welcome Oracle's second cloud region in France to Interxion. This partnership enriches our value offering for our customer communities by removing the barriers associated with the adoption of hybrid and multi-cloud environments in the Paris market. It is also satisfying to see that our commitment to reducing the environmental impact of our data centers was a key factor in Oracle's decision to select Interxion again. We are proud to provide this level of service while supporting companies in their digital and environmental transformations." 

About Interxion: A Digital Realty Company 
Interxion: A Digital Realty Company is a leading provider of cloud- and carrier-neutral data centre services across EMEA. With more than 700 connectivity providers in 105+ data centres across 13 European countries, Interxion provides communities of connectivity, cloud, and content hubs. As part of Digital Realty, customers now have access to 50 metros across six continents. For more information, please visit interxion.com or follow us on LinkedIn and Twitter

About Digital Realty 
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing Data Gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 290+ facilities in 50 metros across 26 countries on six continents. For more information, please visit digitalrealty.com or follow us on LinkedIn and Twitter

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

For more information

Press Contacts
Claire Chadourne
Interxion: A Digital Realty Company
+33 (0)6 99 20 90 85
[email protected]

Emmanuelle Pionnier / Marie-Hélène Veillon
Oxygen RP
+33 (0)6 09 09 15 06 / +33 (0)6 07 28 69 43
[email protected] / [email protected]

Oracle France   
Bastien Rousseau – +33 06 27 45 32 06 ([email protected])       
Agence LEWIS / PISTON – [email protected]
Aesa Langenhove – +33 06 66 41 80 35
Maxence Godefroy – +33 06 18 53 06 12
Grégory Alleaume – +33 07 77 00 56 52

Investor Relations
Jordan Sadler/Jim Huseby
Digital Realty
+1 737 281 0101
[email protected]

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause real outcomes and results to differ materially, including statements related to PlatformDIGITAL®, Oracle Cloud Infrastructure, expected growth in digital transformation, customer demand, and the French market.  For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Killexams : Oracle to host Colombian cloud region in Claro facility

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Killexams : Decentralized Oracle Empiric Network Launches With $7M Funding Round No result found, try new keyword!Empiric Network, a new decentralized blockchain oracle on StarkNet, has raised $7 million in a funding round led by Variant. The funding will largely go toward hiring, Empiric co-founder Karl Oskar ... Fri, 15 Jul 2022 06:08:15 -0500 en-us text/html https://www.msn.com/en-us/money/other/decentralized-oracle-empiric-network-launches-with-247m-funding-round/ar-AAZCFzd Killexams : Oracle Cloud Enters Hyper-Growth Phase Leading into Oracle CloudWorld

Press release content from PR Newswire. The AP news staff was not involved in its creation.

AUSTIN, Texas, July 8, 2022 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) will welcome customers and partners to the industry’s most important event, Oracle CloudWorld Las Vegas, on October 17-20, 2022. With keynotes featuring customers and executives sharing practical lessons, more than 1,200 technical and strategic sessions, and comprehensive hands-on training opportunities, Oracle CloudWorld is the premier venue for business and IT leaders to learn how to create and keep a competitive advantage.

With Oracle CloudWorld on the horizon, Oracle’s cloud business is gaining significant momentum. In the most recent fiscal quarter ending May 31, 2022, total cloud revenues (IaaS plus PaaS) were up 19% in USD, up 22% in constant currency to $2.9 billion. Infrastructure cloud (IaaS) revenues were $792 million, up 36% in USD and up 39% in constant currency. Fusion ERP cloud (SaaS) revenues were $569 million, up 20% in USD and up 23% in constant currency. NetSuite ERP cloud (SaaS) revenues were $574 million, up 27% in USD and up 30% in constant currency. Other SaaS revenue of $955 million, up 4% in USD and up 7% in constant currency.

“As we prepare to welcome our customers to Oracle CloudWorld in Las Vegas this fall, I am thrilled about the strong growth we have seen across our entire portfolio of cloud applications and infrastructure,” said Oracle CEO, Safra Catz. “We look forward to helping customers of all sizes and in every industry discover even more ways they can drive revenue, maximize profitability and Boost their businesses with Oracle Cloud.”

Register for Oracle CloudWorld.

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.


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

“Safe Harbor” Statement: Statements in this press release relating to Oracle’s future plans, expectations, beliefs, intentions and prospects, including statements regarding future revenue growth, the impact of the Cerner acquisition and our plans to manage a promising new HIV vaccine, are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect our current expectations and our real results, and could cause real results to differ materially. We presently consider the following to be among the important factors that could cause real results to differ materially from expectations: (1) Our success depends upon our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services. (2) Our cloud strategy, including our Oracle Cloud Software-as-a-Service and Oracle Cloud Infrastructure offerings, may adversely affect our revenues and profitability. (3) We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings. (4) Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of the transaction. (5) The COVID-19 pandemic has affected how we and our customers are operating our respective businesses, and the duration and extent to which this will impact our future results of operations remains uncertain. (6) If our security measures for our products and services are compromised and as a result, our data, our customers’ data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, our brand and reputation could be damaged, the IT services we provide to our customers could be disrupted, and customers may stop using our products and services, any of which could reduce our revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions. (7) Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to privacy and data protection. (8) Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (9) If we are unable to compete effectively, the results of operations and prospects for our business could be harmed. (10) Our international sales and operations subject us to additional risks that can adversely affect our operating results. (11) We are susceptible to third-party manufacturing and logistics delays, which could result in the loss of sales and customers. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of June 13, 2022. Oracle undertakes no duty to update any statement in light of new information or future events.

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