Oracle Corporation is one of the oldest software companies in the world. The company was founded way back in 1966 when it was known as ORACLE Data Mining Services. It later became ORACGE (Oracle Database Enterprise). It is one of the largest and most successful software firms in the world, with more than 110,000 employees. Oracle Corporation is one of the most prominent software companies in the world. It is based out of Redwood Shores, California, and has more than 100,000 employees worldwide. The company has more than 110 operating subsidiaries and business partners, and a revenue of more than $20 billion in 2017. Oracle Corporation has a competitive edge and a diverse product portfolio. But with the changing tech. space, has the company been able to transition? Let’s find out.
Oracle History
The Oracle headquarters is in Redwood Shores, California. The company is most well-known for its database and enterprise software products. In 1997, the company was renamed ORACLE. Today it has more than 110 subsidiaries and partners around the globe. Oracle Corporation is one of the largest data management companies in the world and employs more than 110,000 people worldwide. Companies like Oracle Corporation have had to make some changes due to changing technology trends such as artificial intelligence and automation. For example, earlier this year the company acquired K2P Global Solutions Inc., a cybersecurity firm that specializes in AI-powered solutions to address cybersecurity vulnerabilities.
Oracle Corporation Today
Oracle Corporation’s current CEO is Safra Catz. Catz became the first woman to lead one of Silicon Valley’s “Big Four” companies. Oracle has also been ranked as the most innovative company in the world for 17 consecutive years. Oracle Corporation has grown through acquisitions and organic growth, but with the changing technological space, it has faced some difficulties. Oracle Corporation faces many challenges when it comes to innovation and staying relevant in a changing technological space.
The company is based out of Redwood Shores, California; however, it is currently engaged in a lawsuit against Google out of Belgium (for Android) and America (for Java). And, while Oracle Corporation is known for its database technology, like MySQL and Apache Derby, it has faced some difficulty as cloud-based and open-source databases have become more popular. Again, this technology change could be seen as an opportunity: new technologies may provide an opening for Oracle to enter a new market or launch a new product. However, if they do not enter quickly enough or if they are unsuccessful at adapting their products accordingly, customers may feel as though Oracle is behind in changes in technology and no longer relevant for their business needs.
Oracle Corporation 2020 Vision
Oracle’s vision for 2020 is to become the most trusted enterprise cloud company in the world. The company wants to lead in customer experience, data innovation and advanced analytics, business applications, and engineered systems. This 2020 vision is ambitious because Oracle is still a traditional software company. The company’s leadership team has acknowledged that it needs to change its approach to keeping up with the changing tech. space, which includes mobile technology, artificial intelligence, and machine learning, among others.
Oracle Corporation Core Competencies
To answer the question of whether Oracle Corporation has been able to transition with the changing tech. space, we need to look at its core competencies. Oracle Corporation’s core competency is in database management and enterprise software for client-server systems. The company has a competitive edge. It offers a diverse product portfolio that includes both on-premises and cloud-based solutions. Oracle Corporation also provides consulting services and support. Oracle Corporation’s focus areas are database management and enterprise software for client-server systems, which is one of its strengths. As mentioned earlier, Oracle Corporation also offers consulting services and support, which can be a strength or weakness depending on what you need from the company.
Oracle Corporation Future Product Roadmap
Oracle wants to be the dominant enterprise cloud company with a full portfolio of outcomes-based cloud applications, platform as a service (PaaS), and sophisticated platform capabilities that allow customers to tap into the power of the cloud. The company is focused on achieving this goal through its Oracle Cloud Strategy, which includes Oracle Cloud Platform, Oracle Database Cloud Service, and Oracle Managed Services. The company has made many acquisitions to strengthen its product portfolio. They have acquired companies like NetSuite Inc., Micros Systems Inc., Quest Software Inc., Golden Gate Capital LLC, Corente Inc., Taleo Corporation, and Broadvision Technologies Ltd. Oracle Corporation has created a strong product portfolio by acquiring other companies. The company’s future looks promising as they continue to make new acquisitions and strengthen its existing product offerings.
Oracle Corporation Changing Competitive Landscape
Digital technology is taking over the competitive landscape. The company is a pioneer in tech. space, but now faces new challenges thanks to the changing competitive landscape. For starters, Oracle Corporation has been having a difficult time retaining top talent. The company seems to be at odds with recent trends in the industry, as many of its employees are moving to other companies in search of a more fulfilling career. Another challenge Oracle Corporation faces is the rise of open-source software and cloud computing. With this shift in technology, companies can build on top of each other’s products and services, which means there is less competition in general from one product or service vendor to another. This makes it tough for Oracle Corporation to compete with smaller players who can offer better pricing without compromising quality because they don’t have to pay for expensive lab research and development costs.
Summing up
the Past In the past, Oracle Corporation was a supplier of database products. They started with their flagship product, “Oracle Database”, which they sold to other companies so they could create their databases. Oracle Corporation also offered a customer relationship management (CRM) tool and enterprise resource planning (ERP) suite. The company has experienced an increase in competition over the years with companies like SAP, Microsoft, and IBM. This is mainly because Oracle doesn’t develop software for smartphones or tablets. It’s been able to overcome these challenges by focusing on its core competencies: enterprise applications and cloud computing. These are the areas where it has managed to stay relevant in the changing tech space.
