Oracle Sees Business Growth, Innovation in Emerging Technologies


By Emma Okonji

Oracle has assured businesses and partners about how emerging technologies can influence their local and international businesses, drive growth and sustainability.

Oracle gave the assurance at its Impact Technology Summit in Lagos, recently, that was aimed at driving awareness of emerging technologies and their impact on local business.

The firm exposed businesses and partners to new and evolving technologies that would rapidly grow their business, and highlighted the consequences that organisations will face, should they refuse to embrace new technologies and innovate.

Country Manager, Oracle Nigeria, Mr. Adebayo Sanni, said in today’s works, innovation is not only transforming businesses, but also transfixing the way individuals work, play and learn.

According to him, Oracle Impact Technology Summit was designed to bring future technology to meet the needs of today’s businesses.

“Business leaders must move beyond the vision they have for technology in their organisation that emerging technologies are scary, and start to explore the practical steps they can take to make innovation something they do every day.

“Most businesses, if not all, should be excited about these new technologies,” Sanni said.

Oracle according to him, was using emerging technologies like Articial Intelligence (AI), Machine Learning (ML) to drive its cloud service, which he said Oracle had taken to the next level by making its cloud service autonomous, which gives customers the ability to use emerging technologies for smarter business, self-driving business and self-secured business environment against potential attacks.

Sales Director, Oracle Nigeria, Mr. Oludare Ogunlade, stressed the importance of Oracle cloud in the area of agility it offers customers to respond fast to changing market trends.

The summit gave insight of how blockchain technology was impacting the Nigeria Customs Service (NCS) that piloted Oracle Blockchain Cloud Service to provide it with a trusted platform for the full automation of Customs Excise Trade business processes and procedures.

Some of the latest technologies from Oracle that were discussed at the summit, which would help businesses innovate and grow rapidly, included the Oracle Adaptive Intelligent Apps that provide a suite of pre-built AI and data-driven capabilities for the entire enterprise across customer experience, human capital management, enterprise resource planning and manufacturing. Others include the Oracle Autonomous Data Warehouse Cloud, which provides an easy-to-use, fully autonomous database that scales elastically, delivers fast query performance and requires no database administration. Oracle Blockchain Cloud Service that provides customers with a development platform to build their own networks, and to quickly integrate with existing solutions, was also discussed at the summit, among others.