SymphonyAI receives IT Solutions from Oracle (ORCL), thanks to Oracle (ORCL).
Oracle ORCL announced recently a partnership with SymphonyAI where Oracle will offer SymphonyAI solutions to Oracle Cloud Infrastructure, OCI using key services such as Oracle Exadata Database Service (ODB), GPU-accelerated computation and performance monitoring.
SymphonyAI offers AI applications that are focused on artificial intelligence (AI). These apps can quickly solve difficult business problems and provide innovative insights to increase operational efficiencies and revenue growth for customers.
OCI Application Performance Monitoring gives deep insight into applications’ performance and allows development teams to quickly diagnose problems, ensuring consistent service.
CPGs and retailers continue to be faced with the challenges of supply chain delays and increased customer demand. They also have to work to improve their operations and discover new ways to overcome these obstacles. SymphonyAI will collaborate with Oracle to provide real-time insights, recommendations and cost savings for its clients.
Consensus and Price for Oracle Corporation
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Comprehensive Cloud Solutions Available to Help Prospects
Oracle is expanding and upgrading its cloud solutions portfolio to meet the increasing cloud security requirements. As enterprises across the world rapidly migrate to the cloud environment, the company has been witnessing a rising demand for its software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service products.
In the fiscal second quarter, management noted that the company’s IaaS and SaaS business grew 22% to $2.7 billion.
According to Gartner, nearly three-quarters of global organizations will be affected by attacks on their supply chain by 2025. This is almost three times the number in 2021. Data breaches and security breaches are on the rise as more businesses across industries, including financial services and retail, move most of their critical workloads into the cloud. Newer risks were created by the introduction of hybrid work, digital business processes, and cloud computing.
The company is also riding on strong demand for its cloud-based infrastructure services. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MercadoLibre (Xactly), Zoom Video Communications (8×8) and Xactly (Xactly) selected Oracle Cloud Infrastructure Services to address their business requirements, which is a testament of the company’s cloud offerings. Subscriptions are a new source for recurring revenue that will increase visibility.
Oracle and NVIDIA NVDA announced a multiyear partnership to assist customers with business problems using accelerated computation and artificial intelligence. The collaboration aims to bring the full NVIDIA accelerated computing stack — from GPUs to systems to software — to OCI. OCI is expanding its NVIDIA GPU capacity by adding thousands more, including the A100 (and upcoming H100).
OCI, an Oracle-NVIDIA alliance, provides GPU-accelerated compute services to SymphonyAI’s customers. OCI supports SymphonyAI’s ability to rapidly train AI models to forecast purchasing trends. This ensures that every store has the optimal number of products at the right places.
It is expected that Oracle will be able to increase its global availability of cloud regions, which will strengthen its position in the cloud computing market. Oracle announced Thursday that it opened its fourth US cloud region for customers and partners from the private and public sectors. This is the company’s 41st cloud region worldwide and joins an already existing cloud region for government organizations.
Oracle is trying to gain a greater share of the cloud market, even though it was late in entering the market. Amazon’s AMZN Amazon Web Services, Microsoft’s MSFT Azure Cloud and Google Cloud.
According to estimates from Synergy Research Group, Amazon’s market share in the worldwide cloud infrastructure market amounted to 34% in the third quarter of 2022, still exceeding the combined market share of its two largest competitors, Microsoft Azure and Google Cloud which stood at 21% and 11%, respectively.
Global cloud infrastructure services spending increased to $57 billion in the third quarter 2022. This brings the industry total for the past 12 months to $217 million. Two thirds of cloud infrastructure revenue was generated by Amazon, Microsoft, Google and eight other providers in the three-month ended Sep 30, with more than 80 percent of the market.
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