Oracle has announced a number of innovations in analytics that give organizations a unified and complete suite of Cloud services to unlock value from their data.
The new Oracle Cloud services enable businesses to fundamentally transform the way they generate insights from people, algorithms, processes and machines and deliver them to their users with intuitive visualizations, creative narratives and predictive outcomes using expert models and adaptive learning, according to the company.
“Competition in the cloud is changing,” said Thomas Kurian, president of product development at Oracle. “Inexpensive computing and storage are important, but the real game changer is creating business value through better insight. Only Oracle ties all the data, technologies, and expertise together to deliver that value for our customers. It’s that simple.”
Oracle Analytics Cloud includes a high performance analytic processing infrastructure at scale; a broad suite of tools for data preparation, discovery, visualization and collaboration; a pre-packaged suite of domain-specific machine learning models; packaged best-practice analytic key performance indicators (KPIs) to run your business; and large scale, curated public data sets all designed for analytics.
“Public Cloud deployments of business analytics software are still in relatively early stages of adoption,” says Dan Vesset, group vice president, Analytics and Information Management at IDC.
“However, the market for cloud deployments are expected to grow at a rate 5x greater than on-premises and other deployment methods. Oracle Analytics Cloud embraces the emerging hybrid data management and analytics architecture, delivers self-service data access and analysis, and will embed cognitive/AI functionality. These capabilities make the company well positioned to take advantage of this market opportunity.”