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
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.
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.