Oracle and Top-Flight Customers Lead the Charge in Cloud Applications

CEO Mark Hurd gets even more bullish on cloud adoption

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Oct 23, 2018, 20:48 ET

SAN FRANCISCO, Oct. 23, 2018 /PRNewswire/ -- Oracle OpenWorld -- Oracle CEO Mark Hurd, who last year predicted that 85 percent of production applications will run in the cloud by 2025, got more aggressive in updated guidance shared today. Migration to cloud is happening far faster than anticipated, he said.

"Cloud is irrefutable; it's foundational," Hurd added during his Oracle OpenWorld keynote. "This is no longer a debate. The only thing we're debating is the speed of getting this done."

Hurd shared the stage with customers and offered new cloud prognostications. By 2025, Hurd predicts:

100 percent of cloud applications will include artificial intelligence (AI)
85 percent of all customer interactions will be automated
60 percent of all IT jobs have not been invented yet, but will be in that timeframe

On that last point, Hurd said automation will not replace jobs but create them. New careers fueled by the use of AI and other emerging technologies will include supervisors for robots, smart city technology designers, AI-assisted healthcare technicians, and data professionals.

Customer Navindra Yadav, founder of Tetration Analytics (now a Cisco company), told Hurd his company realized big performance and cost advantages running on Oracle Cloud as compared to two other public cloud providers.

More from Mark Hurd:

Cloud and integrated technologies such as AI lower cost, drive more innovation, and improve productivity
Blockchain will be a feature of virtually all applications where it can be part of enabling the exchange of secure information
As evidence of cloud acceleration, Hurd said "last year alone, 15 percent of the U.S. corporate-owned datacenters shut down"

This week Oracle OpenWorld 2018 has hosted more than 60,000 customers and partners from 175 countries and 19 million virtual attendees. Oracle OpenWorld is the world's most innovative cloud technology conference and is slated to contribute $195 million in positive economic impact to the City of San Francisco in 2018.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

About Oracle OpenWorld
Oracle OpenWorld, the industry's most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. With hundreds of demos and hands-on labs, plus exhibitions from more than 250 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.

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Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Such statements are based on Oracle's current expectations and assumptions, some of which are beyond Oracle's control. All information in this article is current as of October 23, 2018 and Oracle undertakes no duty to update any statement in light of new information or future events.

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SOURCE Oracle