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Enterprise Resource Planning to be the Next Phase of Cloud Push for Oracle
By apacciooutlook | Monday, December 03, 2018
Oracle seems to be projecting its next year’s focus into Enterprise Resource Planning (ERP). As the company continues to direct its focus in the public cloud market, ERP remains the major factor to be considered in the next 12 months to come. Tim Ebbeck, Oracle Australia and Managing Director, New Zealand said “ERP is being considered the next monstrous opportunity for potential growth”. "I think from a product perspective, ERP cloud will be a big area," he added.
At present, the company claims to have more than 1000 Cloud customers across the global marketplace. The figure consists of numerous local customers, who are already live on the platform. For the growth of its ERP Cloud, Oracle holds great faith inits existing customers, who have already adopted the cloud services such as Human Capital Management (HCM) or Sales Cloud. Oracle expects these existing customers would be keen to expand by adapting to ERP Cloud. Another major remark made by the company is that their traditional on-premise customers are found interested in its ERP solutions so as to get their IT environments simplified. For most of these clients, Oracle’s ERP cloud solutions remain the most suitable alternative to the time consuming and high-priced upgrades.
Oracle first joined the public cloud party way back in 2012, following which it has ever been emphasising on its solutions for Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), Infrastructure-as-a-Service and Data-as-a-Service too. For its new areas of growth, Oracle discovered positive responses, whereas its core application and hardware business saw a decline in the revenue. For this, Ebbeck quoted increasingly strong US currency and customers’ shift towards the cloud based options as the two major reasons.
Ebbeck also suggested that unlike its competitors who operate as traditional businesses and have also been making similar shifts, the improvements in the efforts initiated by the company have been visible. According to him, the growth Oracle has opened up in Australia and New Zealand clearly depicts that the company is on its way to evolve as the largest cloud company in the world.