Researchers on Tuesday reported that #AttachMe, a dangerous cloud isolation vulnerability in Oracle Cloud Infrastructure (OCI), was of grave concern because it could have been targeted by an attacker without authorization.
In a blog post, Wiz researchers said any unattached storage volume or attached storage volumes allowing multi-attachment could have been read from or written to as long as the attacker had the Oracle Cloud Identifier (OCID), which would have let sensitive data be exfiltrated or more destructive attacks initiated by executable file manipulation.
Wiz engineers discovered the vulnerability in June and within 24 hours of being informed by Wiz, Oracle patched #AttachMe for all OCI customers. No customer action was required.
What made the #AttachMe vulnerability so critical?
Jerrod Piker, competitive intelligence analyst at Deep Instinct, said the issue was that attackers could potentially exfiltrate or destroy sensitive data within OCI storage volumes without authorization. Piker said most vulnerabilities at least require some sort of privileged access to enact, while this one only required the attacker to know the OCID for the volume to do the damage.
Piker said the #AttachMe vulnerability stands unique from other cloud isolation vulnerabilities in that it was related to the core OCI cloud service. Pikder said what this means is that unattached storage volumes could have been attached by an attacker to a VM in another account without requiring any permissions. He said it’s extremely concerning because literally every OCI customer was a potential target.
“Oracle understood the severity of this vulnerability, and patched it within hours across the whole customer base, without requiring any action on the customer side,” Piker said. “While this is encouraging to see the rapid response from Oracle, it still causes concern for future cloud isolation vulnerabilities that may arise. The most important things to take action on are to lock down every cloud asset and resource with a least privilege model, and monitor and enforce access control to and activities related to all internet-facing cloud assets and information. There are many cloud security tools available to assist in these efforts, but the closer one can get to complete visibility of all user and resource activity the better.”
Mike Parkin, senior technical engineer at Vulcan Cyber, added while there’s no indication that threat actors ever exploited this, any vulnerability that allows unauthorized access to another user’s data is problematic. Parkin said in this case, any user in the Oracle Cloud Infrastructure could attach to any other user’s volume if its ID was known.
“How much damage could come from the access would depend on what was in the volume, but any unauthorized access should be considered a bad thing,” Parkin said. “Fortunately, Oracle patched this vulnerability across their OCI environment within 24 hours of its coming to light. As for what should be done to prevent related issues in the future, security and development teams need to keep a tighter rein on any information that could lead to unauthorized access. That includes information like Volume ID’s and other potentially revealing data that, while not vital secrets, should be treated as at least confidential information.”
Dan Benjamin, co-founder and CEO at Dig Security, considered the finding by the Wiz Security team very significant. Benjamin said cloud users must constantly put additional controls on their systems to protect data access across their environment. However, he said a vulnerability like this one means that even though they put in the right controls, they are at a risk of a data breach.
“Even though Oracle has already resolved the issue, the vulnerability is definitely as dangerous as the Wiz research team says and could have widespread impact across Oracle's cloud user base,” Benjamin said. “This is another example of security teams needing to patch quickly and patch often.”
New Jersey, United States, Oct. 07, 2022 /DigitalJournal/ The Demand Generation Software Market research report provides all the information related to the industry. It gives the markets outlook by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Demand Generation Software market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
Demand generation software helps marketers expand their reach into new markets, drive consumer interest, promote new products, create PR buzz, and re-engage existing customers. These solutions can be used to Boost conversion optimization and sales cycles. The demand generation software market is growing globally owing to ease of implementation, integration options, mobile support, and customer service facilities. Rapid industrialization, infrastructure development, digitalization, and continued population growth are generating demand for new products and services, driving the demand generation software market.
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This Demand Generation Software research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.
Some of the Top companies Influencing this Market include:Oracle, DemandGen, Salesforce, DemandBase, Marketo, Tableau, HubSpot, Integrate, Trello, Unbounce
Firstly, this Demand Generation Software research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Demand Generation Software report.
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
Segmentation Analysis of the market
The market is segmented based on the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Brand Advocacy Software, Gamification Software, Lead Generation Software, Loyalty Management Software
Market Segmentation: By Application
SMEs, Large Enterprises
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Table of Contents
Global Demand Generation Software Market Research Report 2022 – 2029
Chapter 1 Demand Generation Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Demand Generation Software Market Forecast
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Oracle quickly fixed the problem before it could be exploited by attackers to access customers’ data
Cybersecurity firm Wiz disclosed Tuesday that it discovered yet another major vulnerability within a popular cloud-storage environment.
After identifying multiple security vulnerabilities in Microsoft’s heavily used Azure cloud services, Wiz researchers are now saying they recently found a “critical vulnerability” in the Oracle Cloud Infrastructure (OCI) that could have allowed “unauthorized access to cloud storage volumes of any customer.”
First discovered in June and quickly fixed within 24 hours by Oracle, the vulnerability was “one of the most severe cloud vulnerabilities reported since it could have impacted all OCI customers,” according to a blog entry posted on Tuesday by Wiz.
Called ‘#AttachMe’ by researchers, the vulnerability violated one of the most important promises of cloud storage – that a customer’s data is safe from prying eyes, according to Wiz.
“Cloud tenant isolation is a key element in cloud,” says the blog post written by Elad Gabay, a software engineer at Wiz. “Customers expect that their data isn’t accessible by other customers. Yet, cloud isolation vulnerabilities break the walls between tenants.”
Gabay added in his post: “Before it was patched, #AttachMe could have allowed attackers to access and modify any other users‘ OCI storage volumes without authorization, thereby violating cloud isolation.”
In his post, Gabay said that “thankfully” Oracle officials responded “extraordinarily quickly” when Wiz disclosed its findings in June.
Ironically, the New York-based Wiz discovered the major vulnerability as it was integrating its cloud-security technology with OCI, after the two companies had entered into a partnership that made Wiz available on Oracle Cloud Marketplace, company officials said.
Representatives from Oracle could not be reached for comment.
In an interview with CRN, Shir Tamari, head of research at Wiz, said the cloud in general remains the “most secure option for companies” looking to store data, compared to on-premise storage.
But he said research by Wiz and others has shown that the cloud indeed has its share of vulnerabilities.
The “cloud isolation problem” is starting to be seen “across multiple cloud providers,” Tarmari said.
“Cloud isolation is one of the most fundamental promises of the cloud, that one customer will not be able to access the data of another customer,” he said.
And yet that’s exactly what Wiz has proven was possible with both Microsoft Azure and now with OCI.
In Tuesday’s blog about #AttachMe, Wiz’s Gabay wrote that Wiz engineers found that “attaching a disk to a VM in another account didn’t require any permissions.”
The post added: “This means a potential attacker could have accessed and modified data from any OCI customer, and in some cases even take over the environment.”
Once in a victim’s account, a potential hacker could have performed a number of damaging actions, among them the leaking of sensitive data, escalating privileges and manipulating code.
Leading energy company will run several Oracle utility applications on OCI to Boost IT efficiencies, lower cost, and support its aggressive sustainability goals
AUSTIN, Texas, Sept. 27, 2022 /PRNewswire/ -- Oracle today announced that the Exelon Corporation, the nation's largest transmission and distribution utility company, is moving its cloud-first vision forward with Oracle Cloud Infrastructure (OCI). By moving several of its Oracle utility applications to OCI, Exelon will be able to further meet its sustainability goals by consolidating data centers, reducing costs, and continuing to deliver on its strong record of customer satisfaction.
"Exelon is a leader in the utility market who has long been at the forefront of investing in technologies that create a better experience for its customers while also being proactive in achieving important sustainability goals," said Rodger Smith, senior vice president and general manager of Oracle Energy and Water. "The move to OCI is a natural progression of Oracle's work with Exelon to help the company continue to meet its aggressive growth, cost-efficiency, and net-zero by 2050 commitments."
Exelon serves more than 10 million customers in the Midwest and Mid-Atlantic United States through six fully regulated transmission and distribution utilities.
"Our mission is to deliver the clean, reliable, and affordable energy needed to create a brighter, more sustainable future," said Michael Menendez, vice president of IT Architecture & Engineering, Exelon Corporation. "Oracle has supported this mission by innovating with Exelon across critical pieces of our operations - from energy efficiency to customer service. Oracle's unique utility and back-office applications combined with the price, performance, and security of OCI is a powerful combination that will continue to help us scale our cloud-first strategy."
From the cloud to carbon reduction and customer care
Accenture, a long-time digital transformation partner of Exelon, will help the company move a number of integral applications to the cloud. These include Oracle's customer information system (CIS) and meter data management solutions. The CIS application, in conjunction with Oracle CX solutions, is currently being used across several of the Exelon utilities, providing a single view of the customer that helps Exelon foster a better, more personalized experience – from service call interactions to accurate billing. Likewise, meter data management is helping Exelon capture smart meter data to optimize its use to help support its core operations, energy reliability, and customer innovation. In addition, by leveraging the Oracle Support Rewards, Exelon will be able to shift key applications to OCI for better performance, availability, and security - all for a lower cost.
"Evolving customer and employee expectations make delivering impactful, sustainable experiences a critical imperative," said Laurence Bellenguez, the Accenture Oracle Business Group Industry lead for North America. "OCI, coupled with Accenture's technology and industry expertise, is helping Exelon reimagine its employee and customer experience – providing more personalized interactions and significant operational efficiencies, with sustainability at its core."
Exelon is also taking advantage of the Oracle Cloud Infrastructure Resident Architect Program, a highly personalized service designed to streamline adoption and successful use of OCI based on Exelon's specific workloads. With the Resident Architect Program, Exelon is supported by a dedicated team of Oracle Enterprise Cloud Architects and specialists to augment its existing team and provide deep industry expertise and broad technical OCI proficiency.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
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Last week the Sibos event, organized by SWIFT, was taking place in Amsterdam. What are the big Topics in this world in terms of technological innovations? We spoke with Oracle’s Conor Colleary about what trends he sees and therefore what Oracle is focusing on.
Colleary is VP for Financial Services at Oracle. Financial services is a big business unit within the company. It has solutions for retail and corporate banking, but also deals with financial crime, risk & finance and insurance, for example.
When we ask Colleary what the biggest theme is during Sibos, he doesn’t have to think long about it. That, without a doubt, is real-time payments. That may not seem that complicated to an outsider, but it certainly is in practice. “Within national borders it is now a reality, the next logical step is to realize this across national borders as well,” he points out. However, going across national borders also involves multiple variables that can make this difficult. Payments have to pass through several points in the payment chain, which have different procedures and regulations in each country. Think of the different clearinghouses a payment has to pass through. But of course, also issues such as exchange rates and the large number of different banks play a role.
Keeping in mind that a real-time payment should be from one account to another within twenty seconds, the reality we outlined above makes this very difficult to achieve. That is, if you still have to do it all manually. This is because the variables we describe above will not change. Sure, ISO standards can help, and it’s a little easier inside the EU than outside (because of the single currency), but you’re still dealing with clearinghouses, banks and the people who work there. When we ask Colleary about what we need to do to make real-time payment also possible across national borders, his answer is clear: “Automation is the answer. If you set that up right, you can make real-time payments across country borders a reality.”
We immediately believe that automation can make real-time payments possible across national borders as well. That has been done for the real-time payments that are already possible within countries. Across national borders, we are still some way from that, Colleary points out. It’s all more complex there, as we’ve already established. So that also means more work to automate things in such a way that everyone is happy with it and it complies with laws and regulations in the different countries. In addition, in this scenario you also have to consider financial crime. It is of course not the intention that you make it easier for criminal money to be siphoned off by automation.
A second course much talked about in the financial sector these days is open banking. This is basically this sector’s interpretation of the API-driven IT environments that are increasingly becoming the norm in the enterprise marketplace. As an example of what Colleary calls the API economy, he gives the embedding of payment capabilities in ERP systems. This enables customers of banks to make payments directly from that system. This is convenient for the customer because they don’t have to open the bank’s environment each time. It also ensures that financial institutions and customers become more intertwined. That, in turn, is ultimately good for those institutions, because it means customers are not as likely to switch. “It makes financial institutions more sticky,” in Colleary’s words.
In addition to embedding in specific systems, an API-driven approach also allows you to better anticipate any challenges that may come up. After all, you can now pull in the data and analyze it. If it is clear that a customer appears to be facing a tough few months due to circumstances, then a bank can choose to pre-emptively provide the customer a temporary overdraft.
From a broader perspective, open banking also means, above all, opting for a consumption model in this sector. That is, it is becoming easier and easier to consume the services of financial institutions. In addition, everything must also work intuitively and be available anytime, anywhere. In other words, banks are increasingly about the customer experience. It has to be, just as it is crucial that there is more and more integration with and between systems.
The above sounds very nice, but how does open banking work in practice? “Conceptually this is an excellent idea, driven by demand and regulators, the problem, however, is that there is no general standard for accessing services,” Colleary points out. That is, different banks have different standards. That needs to be resolved first. Colleary does see progress, by the way: “Five years ago there was nothing, now we can already do a lot more, partly because of the new ISO20022 standard.” So there is a good chance that we will start to see some accelerated progress.
The last course we discuss with Colleary is financial crime. We touched on it briefly above when we discussed the challenges for real-time payments across national borders. When we talk about financial crime in this context, we are talking about organizations and money flows from and between “customers” who do things with the money that are not right. Or obtaining it in improper ways. In order to track down these kinds of money flows and organizations, financial institutions have to analyze enormous amounts of data.
This is where this sector still has some catching up to do, we gather from Colleary’s words. “The biggest challenge is the number of false positives,” he states. This mainly has to do with the fact that the institutions operate mainly rule-based. A bit like how a traditional Endpoint Protection (EPP) package works with signatures. You get few useful insights with such a rule-based approach because it doesn’t work smart enough. “Better algorithms are needed,” according to him. This also means using AI/ML. Not that it will then all be solved immediately, by the way. The relationship between all the different components within complex transactions is still not easy to understand. That does not make it easy to do a flawless KYC study, for example.
On this point, too, Colleary sees that things are moving in the right direction. Most banks are already using these kinds of modern tools, he points out. It was all a lot of manual work before, now there is a lot more automation and the accuracy has gone up as well. Oracle itself has a very strong proposition in the area of countering financial crime, Colleary adds. This allows them to help financial institutions take the right steps toward the goal they have set in this area.
Ultimately, of course, there is still a responsibility for the end customers. They obviously just have to do their homework, or due diligence, as well. In fact, with the rapid globalization of organizations today, banks can still help. “A bank like ING can have a branch in the country where a new customer is located. That can then provide information about the potential customer,” Colleary gives as an example. At the end of the day, this is also interesting for banks, because this way they can add additional services to their offerings. That makes them even more relevant in the market.
The above three themes indicate that there is plenty happening in the financial world in terms of innovation. The underlying systems and software being used obviously play an important role in this. Overall, Colleary sees very strong growth taking place within the financial sector. “That was not the case during the initial fintech explosion,” he states. Back then, they didn’t respond accurately enough. Meanwhile, banks are also working much better with each other, he points out. That’s also very important. We wonder if the same will happen soon around standardization for open banking initiatives.
Be that as it may, banks are a lot better at it now than they were about 5-10 years ago. That’s good to see. They have to eventually, of course. Banks are still of systemic importance to organizations. So they also more or less demand to keep up with the times. The financial crisis of 2008 meant that for a long time banks were mainly concerned with limiting risks. That seems to have paid off. That is, banks seem to be weathering the recent and current crises well, though of course they were of a different order than the one in 2008. Financial institutions will now have to focus fully on countering financial crime. Think about acting quickly and accurately against specific countries. So financial institutions will still have the innovation agenda well and truly full in the coming years.
Automaker moves simulation and 3D visualization workloads for improving crash safety performance and driving experience to OCI; gains cost effective computing capabilities
AUSTIN, Texas, Sept. 29, 2022 /PRNewswire/ -- Oracle today announced that SUBARU Corporation has moved its simulation and 3D visualization workloads responsible for improving the quality of collision safety performance and driving performance to Oracle Cloud Infrastructure (OCI). SUBARU was able to Boost its development cycle, gain significant efficiencies and reduce operational costs by reducing computational timeframes by approximately 20 percent with High Performance Computing (HPC) on OCI.
With a focus on improving drivers' "Enjoyment and Peace of Mind," SUBARU is implementing improvements to enhance design and development efficiency, agility, and flexibility. To achieve this, SUBARU recognized it needed to increase the resources supporting its computationally intensive HPC workloads that perform vast and complex simulations to Boost its vehicles' collision safety and performance. Aware of how cloud technology is being used in the automotive industry to provide HPC resources to support computer aided engineering (CAE) simulations, SUBARU selected OCI to move its large HPC workloads of up to tens of thousands of cores to OCI from an on-premises environment.
"Our goal has always been to be a trusted partner for our customers and to provide attractive and distinctive products that bring enjoyment and peace of mind. We rely on technology to help us continuously Boost and innovate so that we can offer the best experience to our customers. Being able to quickly conduct the vast number of simulations needed to Boost crash safety and driving performance is a key focus for us. We selected OCI HPC to Boost the speed of computations of collision simulations and to optimize costs. OCI gives us access to the cloud tools we need so we can automate and run jobs seamlessly, enabling faster design and development," said Mr. Yoshihiro Takekuma, IT Operation and Management Section, Engineering Information Management Department, SUBARU Corporation.
Using OCI bare metal HPC computing, coupled with fast cluster networking, which delivers less than 2 microseconds of latency and 100 Gbps of bandwidth, SUBARU now has the computing resources it needs to scale rapidly to meet demand peaks. Previously, system expansion within its on-premises environments was often restricted by lack of space, power, cost, and IT resources. Since using OCI to deliver consistent high performance and greater stability for its computational fluid dynamics (CFD) simulations, SUBARU has been able to make improvements to the internal acoustics of its vehicles to deliver a quieter drive. It has also enabled SUBARU to eliminate any variation in computation of collision analysis, by providing ideal conditions to perform structural calculations.
OCI also supports various third-party solutions through Oracle Cloud Marketplace to help customers quickly find applications and services that can help them optimize their cloud deployments, including from Altair®, a global leader in computational science and artificial intelligence (AI). SUBARU has further reduced costs by using the cloud bursting function of Altair® PBS Professional® in combination with OCI to start the nodes required for calculation and delete the nodes when the calculation is completed, bringing flexibility to the allocation of resources.
"In automotive engineering, having access to powerful and affordable HPC, is essential to run the computationally intensive and highly latency sensitive simulations and calculations needed to deliver the best outcomes when it comes to car safety and the driving experience. By providing high performance and elasticity at lower cost, OCI HPC is ideal for companies like SUBARU that require large simulation environments. We look forward to OCI fueling further technological innovations for SUBARU and contributing to their improved competitiveness," said Karan Batta, vice president, Oracle Cloud Infrastructure.
ARGO GRAPHICS Inc., one of SUBARU's long-term IT partners, supported the migration of SUBARU's HPC workloads to OCI, which started operations in May 2022.
SUBARU also leveraged Oracle Cloud Lift Services as part of its initial verification process to support its proof of concept to help issues relating to cloud migration with its production machine testing environment. Oracle Cloud Lift Services also provided SUBARU and ARGO GRAPHICS with the necessary OCI HPC skills training.
SUBARU selected OCI HPC in December 2021.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 www.oracle.com.Trademarks
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Oracle Corp. has opened the doors to its first-ever Oracle Cloud Infrastructure region in Spain to meet the rapidly growing demands that country has for enterprise cloud services, the database giant said today.
Located in Spain’s capital Madrid, the new region becomes Oracle’s 40th globally, and its seventh in the European Union, adding to existing regions such as London, Frankfurt, Amsterdam, Zurich, Marseille, Stockholm and Milan. The region will provide Spanish organizations with easier access to the company’s full range of cloud services, Oracle said, helping them modernize their business applications and better innovate with data and analytics.
Oracle has been investing billions of dollars to expand its cloud infrastructure presence, believing it a necessary step to further its growth in the public cloud computing space. The cloud infrastructure business is the company’s main driver of growth these days, and has helped it to expand its revenue at a time when many of its rivals are struggling to do so.
Oracle’s cloud infrastructure regions are data centers that make available computing resources to customers on an as-a-service basis. Within each Oracle cloud region there are three fault domains, or isolated hardware deployments that each come with their own power supply. That gives customers a way to spread workloads across multiple domains to ensure high availability, while simultaneously ensuring that sensitive data remains in the EU region.
Oracle’s general manager of Spain, Albert Triola, said there are numerous local organizations and public institutions looking to take advantage of the capabilities of cloud computing, with a view to establishing the country as a leader in technology-driven innovation. “With the opening of the Oracle Cloud Madrid Region, we’re reinforcing our commitment to help our customers take advantage of the best cloud technologies while enabling the highest security standards, availability and performance,” he said.
The Madrid region will support more than 100 Oracle Cloud Infrastructure services, including the unique converged database capabilities of Oracle Autonomous Database and Oracle MySQL HeatWave, the company said. This provides a complete set of cloud services that can help Spanish organizations to Boost their information technology and operational efficiency, obtain faster insights from data, and deploy cloud-native applications.
Oracle said it has set itself a goal of powering all of its global cloud regions with 100% renewable energy by 2025. The new Madrid region is already running on 100% renewables, Oracle said.
Oracle ORCL and Teléfonos de México (TELMEX) recently announced a partnership to jointly offer Oracle Cloud Infrastructure (OCI) services to customers across Mexico, whereby TELMEX-Triara will become the host partner for the second planned Oracle Cloud Region in Mexico.
OCI’s next-generation architecture provides a high-performing, resilient foundation for cloud services, while its physical and virtual network design maximizes performance and security.
OCI’s extensive network of more than 70 regional and global FastConnect partners provides customers with dedicated connectivity to Oracle Cloud regions, OCI, and Oracle Fusion Cloud Applications services, giving them the best options globally.
TELMEX-Triara will become one of the first telecommunications operators in Latin America and Mexico to offer OCI services to organizations in the region.
With the Oracle Cloud Querétaro Region already available and a second planned region in Mexico, Oracle will be able to help Mexican organizations with business continuity while enabling them to address their data residency and compliance requirements.
As part of its ongoing focus on sustainability, Oracle is committed to powering all worldwide Oracle Cloud regions with 100% renewable energy by 2025, including the Querétaro region.
Oracle announced the latest version of Oracle Communications EAGLE Equipment Identity Register, which allows authenticating only subscriber-specific information. This latest version could aid to prevent and curb phone theft in Latin American regions.
Communications service providers, committed to combating phone theft and improving customer service, are looking to implement databases to deactivate lost or stolen mobile devices. By disabling devices and keeping them inoperable on mobile networks around the world, operators can protect customers and help reduce criminals' incentive to steal.
This product allows operators to include the IMEI (international mobile equipment identity) codes of stolen devices, which are the only ones that correspond to specific terminals, in a blacklist that prevents them from operating on the network. It connects to the GSMA-maintained IMEI database, which is stored in the CEIR and acts as a central system for network operators to share information about stolen devices to prevent them from operating on a network.
Oracle is striving hard to strengthen its position in the lucrative cloud space. As part of Oracle’s planned expansion of its cloud region footprint to support strong customer demand for OCI and Oracle Fusion Cloud Applications services worldwide, Oracle aims to open additional cloud regions in Colombia, Chile, and Israel, and plans to offer at least 44 cloud regions.
In first-quarter 2023, Oracle's total quarterly revenues were up 18% year over year, largely due to a 14% increase in cloud services and license support subscriptions. Total cloud services and license revenues for the quarter hit $8.4 billion — driven by Oracle Fusion Cloud, Oracle Autonomous Database and OCI Gen 2.
An expanding clientele is enabling the company to maintain its leading position in the cloud ERP market. The healthy adoption of cloud-based applications, comprising NetSuite Enterprise Resource Planning (ERP), Fusion ERP and Fusion Human Capital Management (HCM) bodes well for the long term.
Apart from Oracle, the HCM space is dominated by the likes of Workday WDAY, SAP SE SAP and Automatic Data Processing ADP.
SAP’s SuccessFactors Solutions suite is the mainstay of the company’s HCM solutions. Last year, the company added a new cloud-based solution— the SAP SuccessFactors Time Tracking — to the SAP SuccessFactors Human Experience Management solutions portfolio.
Workday’s top line is being driven by high demand for its HCM and financial management solutions. Some of the notable HCM deal wins for Workday include Novartis, DraftKings, and CTBC Bank.
Automatic Data Processing is one of the leading names in the cloud-based HCM solutions space. The company has expanded its footprint in the HCM market through multiple acquisitions that include Celergo, WorkMarket, and The Marcus Buckingham Company.
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Energy Cloud Market In 2022 (Short Description) : Energy Cloud is an emerging concept acquired from cloud computing that challenges conventional hub-and-spoke grid architecture with a wide spectrum of regulatory, environmental, commercial, and technical changes. The constant broadening of smart grid infrastructure and stable rise in distributed energy resources (DER) capacity are expected to be the two critical trends propelling the shift to the transparent, responsive, and dynamic energy cloud landscape. Energy cloud evolution is considered as an unparalleled opportunity for vendors and customers alike to Boost or replace their status quo.
According to this latest study, In 2022 the growth of Energy Cloud Market is projected to reach Multimillion USD by 2029, In comparison to 2021, Over the next Seven years the Energy Cloud Market will register a magnificent spike in CAGR in terms of revenue, In this study, 2022 has been considered as the base year and 2022 to 2029 as the forecast period to estimate the market size for Energy Cloud.
Global “Energy Cloud Market” Report is a detailed and comprehensive analysis for global Energy Cloud market. Both quantitative and qualitative analyses are presented by manufacturers, by region and country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2022, are provided.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Chapter 3focuses on analyzing the current competitive situation in the Energy Cloud market and provides basic information, market data, product introductions, etc. of leading companies in the industry. At the same time, Chapter 3 includes the highlighted analysis–Strategies for Company to Deal with the Impact of COVID-19, Top Key Players are as follows :
Scope Of the Energy Cloud Market:
The Global Energy Cloud market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Energy Cloud. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.
Energy Cloud Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Energy Cloud in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Report further studies the market development status and future Energy Cloud Market trend across the world. Also, it splits Energy Cloud market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Chapter 4 provides breakdown data of different types of products, as well as market forecasts.
Different application fields have different usage and development prospects of products. Therefore, Chapter 5 provides subdivision data of different application fields and market forecasts.
Chapters 7-26 focus on the regional market. We have selected the most representative20 countriesfrom ;197 countriesin the world and conducted a detailed analysis and overview of the market development of these countries.
This Energy Cloud Market Research/Analysis Report Contains Answers to your following Questions
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
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Major Points from Table of Contents
Global Energy Cloud Market Research Report 2022-2029, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Energy Cloud Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Energy Cloud Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Energy Cloud Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
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5 Global Energy Cloud Market-Segmentation by Type
6 Global Energy Cloud Market-Segmentation by Application
7 Global Energy Cloud Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Energy Cloud Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Energy Cloud Market from 2022-2029
10.1 Future Forecast of the Global Energy Cloud Market from 2022-2029 Segment by Region
10.2 Global Energy Cloud Production and Growth Rate Forecast by Type (2022-2029)
10.3 Global Energy Cloud Consumption and Growth Rate Forecast by Application (2022-2029)
12.2 Research Data Source
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