Road Report: Oracle Cloud World 2024

Oracle held its annual Cloud World event two weeks ago at the Venetian in Las Vegas. Oracle’s big announcements were the following:

• Oracle Adds Powerful New AI Capabilities Across Oracle Fusion Cloud Applications Suite

• Oracle AI Agents Help Organizations Achieve New Levels of Productivity

• Oracle Helps HR Teams Nurture Talent and Optimize Workforce Performance

• Oracle Announces Intelligent Apps and New AI-Powered Features for Fusion Data Intelligence

• DHL Supply Chain Ships Key Business Processes to Oracle Fusion Cloud Applications Suite

Our TL;DR from the show is the following:

• Oracle reports continuing strong business momentum within HCM. However, when we analyzed their YOY adoption numbers, we didn’t see a significant increase in adoption outside of the Oracle ME employee experience platform (which had a 33% increase in adoption and is now at 100% adoption). Oracle’s cloud application revenue was up 10%, though.

• Oracle’s AI capabilities—including agentic AI—are some of the most extensive in the industry. This is because Oracle has such technical depth and is building on a single platform, enabling it to roll out features quickly. Oracle is deploying its Gen AI capabilities in more than a hundred use cases, including those that specifically target performance management, skills, and analytics.

• Oracle is focusing on two things that really matter: customers and the business impact of AI. Starting last year, we began to hear Oracle talk about enabling customer satisfaction, and this was a major theme this year. As part of that, the team was heavily focused on enabling customers to use Gen AI to achieve specific business outcomes rather than just be wowed by the tech.

[Note: We are trying a new format for this Road Report, where we share the press releases upfront, so you all know Oracle’s key messages for the event. The rest of the blog will be our take on the event.]

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Disclaimer: Oracle paid for my travel and hotel room for Oracle Cloud World. I am not paid to write up this Road Report summary, which I do for the benefit of our paid Research Hub membership. We have no other financial connections with Oracle. Oracle representatives were allowed to review this document for factual accuracy and to make suggestions or clarifications, but they did not have any final reviewer permissions.