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Monthly TechNews RoundUp: Oracle Named a Leader in Gartner® Magic Quadrant, Gartner Forecasts Worldwide Public Cloud Spending to Reach $679 Bn in 2024, OCI utilized by Microsoft Bing for Conversational Search and more

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Clover Infotech brings to you a curated round-up of important technology updates for the month of November’23

#1 Oracle Named a Leader for Fifth Time in 2023 Gartner® Magic Quadrant™ for Cloud ERP for Product-Centric Enterprises

Oracle has been named a Leader for the fifth consecutive time in the 2023 Gartner® Magic Quadrant for Cloud ERP for Product-Centric Enterprises for Oracle Fusion Cloud Enterprise Resource Planning (ERP). Oracle’s Fusion Cloud ERP’s placement as highest in its “ability to execute” and furthest right for “completeness of vision” reflects a strength of product offering as well as a continued commitment to innovation, said Rondy Ng, executive vice president of applications development, Oracle…CONTINUE READING

#2 Oracle Named a Leader in 2023 Gartner® Magic Quadrant™ for Distributed Hybrid Infrastructure

Oracle has announced that it has been named a Leader by Gartner in the 2023 “Magic Quadrant for Distributed Hybrid Infrastructure.” The report evaluated Oracle Cloud Infrastructure (OCI) offerings in this area, including OCI Dedicated Region, Oracle Alloy, Oracle Exadata Cloud@Customer, and Oracle Compute Cloud@Customer. OCI’s distributed cloud portfolio meets customers’ diverse needs by providing flexibility and choice with a wide range of deployment models, including multicloud, hybrid, public, and dedicated cloud offerings…CONTINUE READING

#3 Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024

Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc. “Cloud has become essentially indispensable,” said Sid Nag, Vice President Analyst at Gartner. “However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models”…CONTINUE READING

#4 Oracle Helps Healthcare Organizations Improve Inventory Management

To help healthcare organizations improve inventory management and support patient outcomes, Oracle is adding new mobile capabilities to Oracle Fusion Cloud Inventory Management, part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The new capabilities will help healthcare organizations reduce inventory errors, improve restock efficiency, and gain the visibility they need to better predict demand and optimize stock availability. “Healthcare organizations are under pressure to deliver a consistently high standard of care while managing costs,” said Chris Leone, executive vice president, applications development, Oracle…CONTINUE READING

#5 Oracle Named a Leader in IDC MarketScape: Worldwide Customer Data Platforms Focused on the Financial Services Industry 2023 Vendor Assessment

Oracle has been named a Leader in the IDC MarketScape: Worldwide Customer Data Platforms Focused on the Financial Services Industry 2023 Vendor Assessment. The IDC MarketScape study analyzes the functional capabilities and go-to-market strategies of nine CDP vendors that serve the needs of Financial Services Industry (FSI) customers. Vendors were assessed on criteria such as aggregation, artificial intelligence (AI) and analytics, and activation, as well as FSI-specific capabilities such as industry segment data schemas, use cases, and customer profiles…CONTINUE READING

#6 Oracle Expands Support for Open Source Community at KubeCon + CloudNativeCon

Oracle has announced several key contributions to the open-source community aimed at accelerating the adoption of cloud native computing and collaboration across the open-source ecosystem. At KubeCon + CloudNativeCon North America 2023, Oracle announced plans to donate $3 million in Ampere Arm®-based compute credits on Oracle Cloud Infrastructure (OCI) per year for three years to the Cloud Native Computing Foundation (CNCF)…CONTINUE READING

#7 Oracle Cloud Infrastructure Utilized by Microsoft for Bing Conversational Search

Oracle today announced a multi-year agreement with Microsoft to support the explosive growth of AI services. Microsoft is using Oracle Cloud Infrastructure (OCI) AI infrastructure, along with Microsoft Azure AI infrastructure, for inferencing of AI models that are being optimized to power Microsoft Bing conversational searches daily. Leveraging the Oracle Interconnect for Microsoft Azure, Microsoft is able to use managed services like Azure Kubernetes Service (AKS) to orchestrate OCI Compute…CONTINUE READING

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