In part 2 of our blog series, we discuss how the second top five predicted trends from Oracle’s recently released e-book, Cloud Predictions 2017, relate to EPM Cloud. With cloud computing moving at a fast pace and cloud technologies evolving at such impressive rates, there will be a flurry of large companies entering the cloud in order to leverage its benefits. In the e-book, Oracle CEO Mark Hurd states that corporate-owned data center numbers will fall 80% by 2025 and an equal percentage of spending on IT will be devoted to cloud services. It would be interesting to see how these predictions relate to EPM Cloud and how important they are to the Oracle Cloud services.
6. Nothing artificial about it: AI gets real.
Artificial Intelligence (AI) is becoming the new interface in the field of technology and is already carving out a niche in various industries, like the manufacturing sector. Based on Oracle’s prediction, we will soon see the developers, fueled by the data explosion, seeking ways of getting AI capabilities into other fields of technology in order to bring out exciting benefits to a host of new industries. EPM in the cloud will enable businesses to easily process the enormous volumes of digital data and, in turn, accelerate the process of the AI-powered technology becoming even “smarter.”
7. Developers do more with less coding.
With the number of “visual” or “low” coders steadily on the rise, Oracle sets to join in with cloud app developers’ toolkits with its Application Builder Cloud Service. According to Hurd, this year we will witness many organizations rethinking their application development and embracing the drag-and-drop coding environments in which the developers could do more with less coding.
8. The cloud empowers small business innovation.
With the cloud catalyzing the growth of small businesses, together with the cloud, EPM will allow small businesses to innovate freely, carve out new markets, and disrupt the status quo. Cloud computing will enable small businesses to exploit extensive, low-cost computational power to their advantage, and enable them to compete effectively based on the technology-enabled value and to sustain the ongoing profitability.
9. Sixty percent of IT organizations move systems management to the cloud.
According to Oracle, a small fraction of companies (about 6%) trust their incomplete data despite more than 90% of them having multiple systems management tools. As a result, a greater percentage of companies are moving their systems to the cloud in order to leverage cloud technologies. With their on-premises and on-cloud systems, Oracle predicts it will have moved 60% of their most critical systems to the cloud by 2020. With Datavail Cloud Services for Oracle EPM, you stand a better chance of employing an intelligent, unified, cloud-based approach that applies machine learning to the complete operational data set.
10. Fifty percent of DevTest will move to the cloud.
In 2016, Hurd made a prediction that DevTest workloads would have all but completely migrated to the public cloud by 2025. This is becoming a reality as cloud providers are trying to win hearts of the developers with cheaper environments that would hopefully match production environments and lead to significant savings by migrating DevTest to the cloud. With Datavail’s Cloud Services for Oracle EPM, companies will get to enjoy new application development capabilities, including low-code approaches, tools for microservices, and support for all platforms and languages. Datavail will enable you to plan the growth of your business with simplicity and rapid adoption.
If you would like more information on cloud predictions for this year or the enterprise performance management solutions we offer, please contact Datavail. Datavail is a specialized IT services company focused on Data Management with solutions in BI/DW, analytics, database administration, custom application development, and enterprise applications. We provide both professional and managed services delivered via our global delivery model, focused on Microsoft, Oracle and other leading technologies.
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