STOCK TITAN

Red Bull Racing Honda And Oracle Partner To Elevate Data Analytics In Formula 1

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Red Bull Racing has selected Oracle as its official cloud infrastructure partner, enhancing data analytics and machine learning capabilities across its operations. This multi-year partnership focuses on optimizing car performance and improving fan engagement through Oracle's advanced technology. Red Bull aims to leverage Oracle's Customer Experience applications to elevate fan interaction during race weekends, ultimately enhancing their competitive edge in Formula 1.

Positive
  • Partnership with Oracle enhances data analytics and cloud infrastructure capabilities.
  • Focus on improving car performance and fan engagement through advanced technology.
  • Multi-year roadmap to optimize on and off-track operations.
Negative
  • None.

AUSTIN, Texas and MILTON KEYNES, United Kingdom, March 25, 2021 /PRNewswire/ -- Red Bull Racing, the four-time Formula 1 World Champion team, has chosen Oracle as its official cloud infrastructure partner.

Red Bull will leverage the machine learning and data analytics capabilities of Oracle Cloud Infrastructure (OCI) to optimize the way data is used across its business; from on-track activities to putting more information in the hands of the Team's global fan base. The OCI-powered capabilities will help the team sharpen its already formidable competitive edge.

Formula 1 is a sport often described as being driven by data; teams have an obsession with analysis and minute details which could give them a competitive advantage on the track. This relationship, between two cutting-edge technology companies, will include work to optimize and elevate the use of data in improving car performance for Red Bull. This comes in the form of a multi-year roadmap, touching on both on and off-track engineering operations, leveraging the extensive artificial intelligence and machine learning capabilities of Oracle Cloud Infrastructure.

Welcoming the new partnership, Red Bull Racing Honda Team Principal, Christian Horner, said: "This is a hugely significant partnership for Red Bull Racing Honda. Oracle is a massive organization that has been at the forefront of technical innovation for more than four decades. As one of the industry's most recognized and trusted names in database management and cloud computing, Oracle brings huge capability, innovation, and expertise to many of the world's largest and most successful businesses. To be able to tap into that exceptional power and knowledge is a major step forward for our Team. Oracle's expertise will touch many areas of the business from the development of major fan engagement and brand building mechanisms to providing rich new resources across the Team, including within the engineering and design departments."

Red Bull Racing Honda requires a cloud infrastructure platform with the highest levels of performance, scalability, and security. Oracle Cloud Infrastructure brings unique capabilities enabling Red Bull to expand its use of data science and analytics, so it can accommodate the growing and diversifying engineering work undertaken on the Red Bull Technology Campus.

"This is the perfect alliance of two organizations that share a passion for design, performance, and winning," said Ariel Kelman, Chief Marketing Officer, Oracle. "Red Bull Racing didn't win multiple Drivers' Championships and Constructors' Championships in its relatively young existence without pushing boundaries. Oracle is committed to working with Red Bull Racing Honda to discover and create the technologies and designs that will allow it to surpass expectations and set new standards in Formula 1."                                                                      

Red Bull is also known in Formula 1 circles for being passionate about its global fan base, producing exceptional content and engagement opportunities. The partnership will leverage Oracle's extensive Customer Experience (CX) applications portfolio including Oracle Unity Customer Data Platform, Oracle CrowdTwist Loyalty and Engagement, and Oracle Responsys Campaign Management to give fans easy access to statistics and metrics, so they can feel closer to the action on the track. Together, the two businesses hope to provide the best possible fan experience, delivering greater insights and engagement opportunities during race weekends and opening up the world of Formula 1 to new fans globally.

Oliver Hughes, Red Bull Racing Chief Marketing Officer, added: "We're excited to bring a major partner such as Oracle into Formula 1, and with a focus on pushing the limits in everything that we do, finding the right partner for our journey to the Cloud was absolutely crucial. Layering Oracle's CX Marketing Cloud expertise with Red Bull Racing Honda's creativity and global fanbase is going to open up the next chapter in our evolving martech journey, and hopefully deliver something unique and special for our fans. From a technology perspective, our engineering team can't wait to get their hands on the array of tools that Oracle have to offer in order to bolster our data science and AI teams with world-beating expertise."

Note: Rights-free still images of Oracle branding on Red Bull Racing Honda assets are available to view and download NOW on Red Bull Content Pool via the following link:  https://www.redbullcontentpool.com/C-RBRACING/CP-S-13468

About Oracle
Oracle offers suites of integrated applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

About Red Bull Racing
Red Bull Racing was founded in 2005 with the goal of shaking up the world of Formula One and doing things a bit differently. With Christian Horner, the youngest Team Principal in the paddock, at the helm the Team took the sport by storm claiming four back to back Formula One World Constructors' and Drivers' Championships between 2010 and 2013 against the greats such as Ferrari and McLaren. Since then the Team has never finished outside of the top four in the Constructors' Championship and by the end of 2020 had achieved 64 race wins, 183 podiums, 68 fastest laps and 63 pole positions. In 2021 the Team will powered by Honda and fields Dutch ace Max Verstappen alongside Mexican driver Sergio Perez. The Team is also home to the world's fastest pit stop crew, with a Guinness World Record breaking time to change four wheels of 1.82 seconds. 

Red Bull Racing Honda is based in Milton Keynes on the Red Bull Technology Campus where it works closely with sister companies Red Bull Advanced Technologies and the newly formed Red Bull Powertrains Ltd.

Trademarks

Oracle and Java are registered trademarks of Oracle Corporation.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/red-bull-racing-honda-and-oracle-partner-to-elevate-data-analytics-in-formula-1-301255888.html

SOURCE Oracle

FAQ

What is the significance of the partnership between Red Bull Racing and Oracle (ORCL)?

The partnership is significant as it enhances Red Bull Racing's data analytics and machine learning capabilities, which are crucial for optimizing car performance and improving fan engagement.

How will Oracle's technology impact Red Bull Racing's operations?

Oracle's technology will help Red Bull Racing optimize both on-track performance and off-track operations by leveraging advanced data analytics and cloud capabilities.

What is the duration of the partnership between Red Bull Racing and Oracle (ORCL)?

The partnership is defined as a multi-year roadmap, indicating a long-term collaboration between the two entities.

What specific applications from Oracle will Red Bull Racing use to enhance fan experience?

Red Bull Racing will utilize Oracle's Customer Experience applications, including Oracle Unity, CrowdTwist, and Responsys, to improve fan engagement by providing better access to statistics and metrics.

Oracle Corp

NYSE:ORCL

ORCL Rankings

ORCL Latest News

ORCL Stock Data

533.24B
1.62B
41.6%
44.91%
0.67%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
AUSTIN