Oracle Corp - ORCL STOCK NEWS

Oracle announced that Northwell Health, New York's largest health system, has implemented Oracle Analytics Cloud to enhance patient care during COVID-19. This integration allows Northwell to monitor nursing resources, predict staffing needs, and manage patient loads efficiently. The system, developed in less than a month, includes a real-time staffing dashboard that optimizes the deployment of over 700 nurses. Additionally, Northwell adopted Oracle Cloud HCM to unify HR functions, leading to cost control and improved resource management.

Bidstack has announced positive results from its collaboration with Moat by Oracle, revealing that its verified general invalid traffic (GIVT) figures significantly outperform industry benchmarks. The preliminary analysis indicates Bidstack's PC GIVT is approximately 3.5 times better than the Moat Q3 2020 Display benchmark, verifying over 99% of observed impressions as GIVT-free. With global digital ad spend projected to reach $526 billion by 2024, this partnership is positioned to enhance advertisers' confidence in in-game advertising. The announcement signifies Bidstack's commitment to a trustworthy in-game platform.

Several prominent healthcare organizations in the U.S. have implemented Oracle Fusion Cloud Applications to enhance business processes amid the ongoing pandemic. Notable adopters include Indiana University Health, Northwell Health, CarolinaEast Health System, and Atrium Health, collectively serving over 26 million patients annually. Their deployment of Oracle Cloud HCM aims to improve workforce management and employee experience for over 400,000 staff members. This move follows significant technological upgrades designed to support efficient care delivery in challenging circumstances.

Bed Bath & Beyond (Nasdaq: BBBY) has chosen Oracle as its ERP technology provider, marking a significant step in its $250 million technology investment strategy. This partnership aims to enhance financial, supply chain, and merchandising capabilities through Oracle Cloud's real-time insights. The COO notes the focus on a customer-inspired, digital-first approach, expecting efficiencies in inventory management and sales forecasting. The upgrade is crucial for adapting to the evolving retail landscape, leveraging advanced analytics and automation for better operational decisions.

Oracle announced significant updates to its Cloud Customer Experience (CX) platform on February 10, 2021, enhancing its Sales, Service, and Marketing capabilities. These innovations aim to accelerate sales cycles, improve customer service, and increase customer loyalty. Key features include new B2B selling tools, automated digital service capabilities, and advanced marketing functionalities within Oracle CrowdTwist. This suite of enhancements is designed to empower organizations to create more dynamic customer interactions, ultimately driving customer lifetime value.

Oracle has launched its Converged Charging System to enable communications service providers to charge for 5G services in real-time. This cloud-native solution utilizes Oracle Coherence for high-speed transaction processing, supporting various payment models including prepaid and post-paid. It is designed to handle the demands of 5G while remaining compatible with earlier networks. The system enhances service continuity and is equipped with advanced replication technology. With built-in Open APIs, it aligns with industry standards for monetization, helping service providers innovate and transform their business models.

Oracle has launched the Oracle Construction Intelligence Cloud Service, a suite of AI and analytics applications aimed at enhancing productivity and profitability in the engineering and construction sector. The initial application, Oracle Construction Intelligence Cloud Advisor, is now available and leverages machine learning to predict project delays, helping organizations make informed decisions and mitigate risks. Future enhancements will integrate data across Oracle's Construction and Engineering portfolio, potentially addressing risks related to litigation and supply chain performance.

A study by Oracle highlights a significant shift in financial trust due to the COVID-19 pandemic. Over 9,000 respondents from 14 countries revealed increased financial anxiety and a preference for technology over human advisors. Notably, 67% trust robots more for managing finances, with 73% of business leaders favoring robots over themselves. As companies adapt, 56% of leaders believe robots will replace corporate finance jobs within five years. Additionally, 69% of leaders report investing in digital payment capabilities, underscoring the need for AI in financial management.

On February 9, 2021, Australian Data Centres (ADC) selected Oracle Dedicated Region Cloud@Customer for sovereign cloud services for the Australian Federal Government. This initiative aims to enhance secure cloud workloads in sectors like National Security and Health. The facility in Canberra will offer high levels of security and local control over data. Key Oracle cloud services will be accessible, enabling government agencies to modernize while ensuring data sovereignty. The collaboration aims to enhance the relationship with government clients, promoting innovation and cost efficiency.