In 2015 alone, Oracle CEOs Mark Hurd and Safra Catz are investing USD $5 billion in research and development (R&D) as they execute founder Larry Ellison’s vision: turn the 38-year-old technology leader into the number one cloud company in the world.
Oracle’s R&D commitment is laser focused on driving new innovations across its cloud portfolio as customers are increasingly adopting software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS) solutions. Additionally, Oracle is actively recruiting and hiring top engineering and sales talent around the world.
At Oracle OpenWorld 2015, Ellison, who is Oracle’s current Executive Chairman of the Board and Chief Technology Officer, shared how the company is building its cloud services with open standards so that customers can choose where they run a given workload—on Oracle’s cloud, in a company’s own data center, or even on a rival cloud.
The company’s strategy is working—Oracle competes in all three layers of the cloud: software, platform, and infrastructure, and claims more cloud applications than any other company. Virtually its entire software portfolio is now offered as cloud services, which include apps for ERP, enterprise performance management, human capital management, marketing, sales, service, commerce, supply chain, and more. This focus on accelerating growth in the expanding cloud sector has fueled the rise of Oracle’s brand.