This blog contains Reason #6-8. For the second part of my blog series, please visit our link.
Reason #6 Modernize best practices with the broadest portfolio of applications.
Cloud applications have best practices built into them. Oracle cloud applications are based on years of on-premise application functionality combined with the latest thinking on business process flow, business intelligence/analytics and technology. Moving to cloud applications and adopting the built in best practices within the software can both improve your business and save you money. It’s time to take a hard look at custom business processes and really ask if they are needed.
Oracle delivers a full suite of enterprise applications as subscription based software-as-a-service, so customers can avoid the data and business process fragmentation that results from using multiple, siloed clouds or on-premise applications. Oracle offers broad application functionality across human capital management, talent management, sales and marketing, customer experience, project portfolio management, supply chain and enterprise resource planning.
Combining a broad suite of applications that can cover a wide majority of enterprise functions, with modern best practices built in can enable and enterprise to finally achieve the promise of an enterprise system, while at the same time reduce costs. Removing customized systems, that are in different applications from different vendors, that need to be maintained by your staff can lead to significant cost savings.
Reason #7 Improved security
Many enterprises are concerned about security and often fall into one of two camps. The first camp would be those that have not invested and/or is not currently following security best practices, while the other camp would be those that have invested heavily in security. If you fall into the first camp, it would be easy to see that Oracle cloud applications would be a significant upgrade over the gaps that may exist in your security today.
However, even if you fall into the second camp, and have invested heavily, it is worth considering how your security efforts would match up with those of Oracle? Wouldn’t it be possible that Oracle, is doing a better job at security then you are? Even you think your security is better than Oracle, what does it cost you?Perhaps you have invested in enterprise solutions and have added layers of security within your applications and even invested security tools from multiple vendors. Even with these measures can you be certain everything is secure? What is the cost of all this security and how does that impact the total cost of ownership for your applications?
With Oracle cloud applications, the cost of security is built into your monthly cost equation, and Oracle has implemented security on the applications to an extent most likely greater than what has been done within your enterprise. So by implementing Oracle cloud applications you actually get a much more secure environment for significantly less cost.
Reason #8 Oracle Focus
There is no question that Oracle is transforming from a software vendor to a services company. They have very clearly stated that they intend to become the leader in cloud applications. They are looking to lead the cloud market for the next 20 years and are the fastest growing cloud company. Cloud applications are now and will continue to be Oracle’s flagship products. Therefore, Cloud applications will receive the most focus on innovation and investment from Oracle, more so than on-premise applications. Oracle can and will deliver innovations on the cloud platform much more rapidly than on-premise applications. Oracle has said that 100% of the applications they develop will run in the cloud and 100% of their customers will deploy in the cloud.
Stay tuned for Mike’s blog last series on reasons #9 and 10.