(Credit image/Enterprise Times/Roy Edwards)Safra Catz, CEO at Oracle provided the keynote address at the company’s CloudWorld Tour in London’s ExCel Centre. The company also made several announcements including new AI and automation capabilities to help customers optimise supply chain management. In addition to new Redwood UX Resources to Oracle Applications Platform.

Innovation, digital and transformation were the common themes Catz discussed during her keynote address. Catz shared the stage with four Oracle customers explaining their use of data in very different ways. To improve the customer experience, enhance safety and reliability or improve internal back-office business processes and provide better information for the future.

Nicole Clayton, Global Chief Digital Officer at Nestlé Nespresso SA joined Catz on the CloudWorld stage. Clayton said Nespresso was born from innovation. “It is part of the company’s DNA, and it continues to thrive through innovation. Data is key to this. Gone are the days where you just have silos and certain parts of your business, analytics or data science team were the only recipients. We must unlock the true value of data across the full organisation and to leverage this to build better experiences. That is the heart of what we are doing right now.”

Public cloud is a technology accelerator

Simon Goodman Group CIO of Network Rail focussed on cloud technology. “Like many organisations, Network Rail has become much more of a data-driven service. It is unique and provides opportunities to drive innovation and design. Furthermore, we can develop discrete products that help enable the transformation of the railway experience.

Moving away from traditional on-premise, legacy systems to the cloud environment has brought several benefits to the company.

Agility, speed of development, multiple test devices, spin-up and spin-down of environments are some of the benefits. And, we can just get value for things far quicker than we could previously,” Goodman added.

Unifying data

Anna Manz, CFO at the London Stock Exchange Group (LSEG) discussed the challenges of unifying data in digital transformation. LSEG has grown through acquisition with the company doubling in size two years ago when it bought Refinitiv. However, the history of acquisition has resulted in internal processes which Manz described as “a muddle.”
The company has stitched-up services at the top for the customer.

Manz commented, “We have stitched stuff together at the bottom for reporting and everything in the middle flows in a variety of different ways. And our current journey is to work our way through this muddle – to simplify processes.”

Manz advises, “If executives don’t know how they want to run the business, it’s very dangerous to embark on a transformation journey. They must ensure they understand customers’ needs all the way back to the data and insights we needed to run our business. After then they can start changing processes and the systems. However, it has to start with understanding data And that’s really exciting.

Embracing new technology

The last person to join Catz on the stage was Jessica Ohrblad, CEO at the Volvo Group Logivity. Ohrblad explained, “It all started with our own supply chain in the group and our own transport system. We decided quite early within the Volvo Group that we want to lead by example. We decided to have a state-of-the-art supply chain.

However, The Volvo Group encountered what it described as constraints built into the industry. As a result, the company could not optimise completely in isolation. Among those industry constraints was the lack of digital standards on the market. The company worked in collaboration with Oracle, embracing new technology to develop the new initiative of longevity. A digital ecosystem that supports sharing of transport data between different stakeholders in the system in a secure way.

(Credit image/Enterprise Times/Safra Catz)
Safra Catz, CEO at Oracle

Catz concluded the keynote by emphasising that enterprises must be adaptable to thrive in the modern-day marketplace. “We have learned that we must be adaptable. We must bring in our best and newest capabilities. The world is not getting more competitive, and resources are not unlimited. Businesses must do more, spend less doing it and make better decisions going forward.”

Enterprise Times: What this means for business.

The London Stock Exchange Group’s Anna Manz made an interesting comment at Oracle’s CloudWorld Tour. Although her comments were made about finance, it could easily be transposed to technology. “The 20th century was about, I would call it, sitting in the backseat of the car, looking backwards, writing down what happened. The world is now about sitting in the Navigator seat as part of the business explaining where what’s profitable, what isn’t, where should you invest more to get revenue.” Industry events such as CloudWorld are vital to allow businesses into the navigator seat and allowing them to plan. Instead of remaining as passengers in the backseat.

LEAVE A REPLY

Please enter your comment!
Please enter your name here