Oracle Corp - ORCL STOCK NEWS

Mastercard and Oracle announce a new automated solution to enhance the distribution of economic assistance globally. This integrated system aims to streamline eligibility determination, verification, and fund disbursement, reducing operational costs and fraud risks. The collaboration successfully piloted in Los Angeles led to over 35,000 cards distributed, providing $36 million in aid. They intend to scale this model across various U.S. cities and beyond, focusing on timely and secure relief for those affected by crises.

Oracle's Retail Merchandising Cloud Service is gaining significant traction among retailers to adapt to changing consumer shopping behaviors due to the pandemic. Key customers include Gap, Inc., Giant Eagle, Mr Price Group, and Poundland. The service, leveraging Oracle Cloud Infrastructure, helps retailers manage essential merchandising activities efficiently. Oracle has been recognized as a leader in the IDC MarketScape for its innovative solutions and embedded AI capabilities that enhance merchandising operations. Retailers are reporting faster realization of benefits from these solutions during challenging times.

According to a new study by Oracle, consumer behavior for Super Bowl LV varies significantly due to COVID-19. The survey of 2,000 U.S. viewers reveals that 8% plan to attend virtual parties while 16% expect to watch alone—double the number from previous years. Spending is also projected to decrease, with consumers expecting to spend between $100 and $500, down 7% from last year. Despite these changes, fan excitement remains high, ranking the Super Bowl as the third most popular holiday for Americans.

Oracle has announced enhancements to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) to improve global supply chain efficiency. Key updates to Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM) focus on reducing costs, enhancing planning, and improving customer service. New features include Logistics Machine Learning for predictive transit times, compliance assistance, and connected logistics to monitor shipments. These innovations aim to enable organizations to expedite logistics processes and enhance customer satisfaction.

Oracle Cloud Marketplace is now available for U.S. government customers, enabling them to automate the deployment of certified solutions on Oracle Cloud Infrastructure (OCI). The Marketplace offers a growing library of applications from Oracle and third-party vendors, enhancing operational efficiency. Notably, it has achieved FedRAMP certification, ensuring compliance with security standards. According to Scott Twaddle of Oracle, this innovation dramatically reduces deployment times from days to hours. Additionally, OCI has attained the FedRAMP JAB P-ATO Accreditation for various services, further solidifying its security credibility.

Oracle announced that NTT WEST is utilizing Oracle Gen2 Exadata Cloud@Customer for its "Regional Revitalization Cloud" initiative, targeting regional data privacy concerns. This collaboration allows NTT WEST to deploy applications while adhering to local data sovereignty and compliance standards. By leveraging Oracle's technology, NTT WEST achieves enhanced performance, scalability, and a 40% reduction in system processing time. This transformation aims to support local businesses and governmental operations across 30 prefectures in Western Japan, addressing various societal challenges through improved cloud services.

Oracle announced the release of Oracle Database 21c, now available on Oracle Cloud, including the Always Free tier. This latest version introduces over 200 innovations, including features like immutable blockchain tables, In-Database JavaScript, and AutoML for machine learning. The database enhances multi-model, multi-workload, and multi-tenant support, improving efficiency for developers. In addition, Oracle launched Oracle APEX, a low-code service for rapid application development, catering to increased demand for streamlined, data-driven solutions.

Oracle has launched its APEX low-code development platform as a managed cloud service, enabling developers to create data-driven enterprise applications more rapidly. With over 500,000 users already leveraging APEX, this standalone service starts at $360 per month, supporting unlimited applications for over 500 users. A Pique Solutions study revealed that Oracle APEX can accelerate application development by 38 times compared to traditional methods. The service is expected to enhance application performance with significant integration to Oracle's Autonomous Database, allowing for faster response times.