Oracle Corp - ORCL STOCK NEWS

Oracle has announced the opening of its second cloud region in the United Arab Emirates to enhance support for local organizations with cloud services. The new Abu Dhabi Cloud Region complements the existing Dubai Cloud Region, offering improved business continuity and disaster recovery capabilities. This expansion aligns with the UAE's Fourth Industrial Revolution Strategy to foster innovation. The regions utilize Oracle Cloud Infrastructure (OCI) allowing seamless migration, lower costs, and enhanced security. Oracle aims to boost digital transformation and cyber resilience within the UAE.

Oracle has launched its first cloud region in France, located in Marseille, to meet growing demands from private and public sectors. This region supports Oracle Cloud services like Autonomous Database and Kubernetes, allowing organizations to comply with local data regulations. The Marseille region is part of Oracle's strategy to expand to at least 44 cloud regions globally by the end of 2022. Additionally, Oracle plans another region in France next year. The focus is on offering enhanced performance, security, and sustainability, with a commitment to 100% renewable energy by 2025.

Oracle has announced that Nomura Research Institute (NRI) has migrated its BESTWAY SaaS application to Oracle Dedicated Region Cloud@Customer. This transition enables NRI to meet stringent security and latency requirements within its own data center. Following a successful migration from its private cloud, NRI is leveraging Oracle’s suite of cloud services to enhance performance, availability, and overall business value. The integration of Oracle's Exadata Cloud Service further supports NRI's critical financial operations while ensuring compliance with Japanese financial standards.

The Los Angeles County Office of the Assessor has transitioned to Oracle Cloud Infrastructure (OCI), enhancing data processing and user experience while reducing operational risks. This move is part of a five-phase Assessor Modernization Project that aims to modernize their legacy systems. With OCI, processing times have halved from eight hours to four, and significant cost savings have been realized by eliminating on-premises infrastructure. The Office plans to extend access to the modernized application (AMP) to other counties in California, marking a major achievement in governmental modernization efforts.

On November 3, 2021, the Golden State Warriors and Oracle unveiled the Warriors Player Dashboard, designed to enhance player development by offering real-time statistics and integrated performance data. This innovative dashboard aggregates shot performance metrics, providing insights into player efficiency across three shot zones. It supports real-time decision-making and will be utilized throughout the Oracle Performance Center. This partnership, lasting over 15 years, emphasizes the use of data for competitive advantage and aims to bolster the team's strategy for the upcoming NBA season.

Oracle has launched new Oracle Cloud Infrastructure (OCI) AI services, enabling developers to easily implement AI without needing extensive data science skills. These services include pretrained models for various applications, such as OCI Language for text analysis, OCI Speech for speech recognition, and OCI Vision for image processing. Designed to address common AI implementation challenges, these offerings aim to accelerate innovation and enhance operational efficiency across industries. The services are integral to Oracle's broader AI ecosystem, improving business outcomes.

Oracle has unveiled its Fusion SCM Analytics, a cloud analytics solution aimed at enhancing visibility and efficiency within supply chains. This tool leverages Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, offering pre-built metrics and machine learning capabilities to identify issues and control costs. A recent survey shows that 87% of Americans faced supply chain disruptions, highlighting the importance of this new tool. With it, organizations can correlate supply chain performance to business goals and predict future disruptions.

A recent survey, sponsored by Oracle Construction and Engineering, reveals that 29% of architecture, engineering, and construction (AEC) firms currently use predictive analytics tools, with 60% planning to invest within two years. The focus is on improving project outcomes by enhancing decision-making through data strategies. Notably, 85% of firms utilize at least a quarter of their project data for decision-making. Key areas for improvement include quality (45%), productivity (41%), and financial management (38%). The study surveyed 405 executives across multiple countries in March 2021.

A study by Oracle and Workplace Intelligence reveals that post-pandemic, 80% of workers report negative impacts on their lives, with 62% experiencing increased work stress. Employees feel stuck in their careers, with 75% lacking growth opportunities. Despite challenges, 93% are eager to embrace change, valuing work-life balance and mental health. Notably, 85% believe technology and robots can aid in career development, surpassing human support. Employers must enhance their support to retain talent, as 55% would stay with companies leveraging advanced technologies for career growth.