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Oracle Is Marrying Blockchain with the Cloud

04 October, 2017, 00:34 | Author: Samuel Sharp
  • Larry Ellison announced a new database during Oracle's opening keynote on Sunday evening

While artificial intelligence (AI) has not lived up to the hype, Ellison says machine learning as a subset of AI has rapidly matured.

Indeed, AI is the hottest buzzword in technology right now. Hurd even borrowed from current talk show king Jimmy Kimmel and did an Oracle version of Mean Tweets.

Oracle OpenWorld is the most important educational and networking event of the year for Oracle technologists, customers, and partners. Oracle's new Autonomous Database is a flawless example.

In addition to bashing Amazon, Ellison used his time on stage to tout Oracle 18c, a new autonomous database. SLA guarantees 99.995 percent reliability and availability, which reduces costly planned and unplanned downtime to less than 30-minutes per year.

"They have more work than they can possibly ever get to - by automating a lot of this, this will free up database professionals to get away from routine patching, checking backups, day to day administration", Ellison claimed.

Ellison termed it a revolutionary technology, and said Amazon was five to eight times more expensive running the identical workload than the Oracle Autonomous Database. The Autonomous Database for Data Warehouses will be available in December 2017 and the Autonomous Database for OLTP is scheduled for June 2018.

Oracle announced on Monday the launch of its new digital innovation platform for open banking.

While AWS is the industry leader in cloud computing, Oracle has long-held the reins in databases.

He added that if you eliminate human labor, human error is eliminated and it said it was embarrassing to admit, but his autopilot flies his plane much better than he does. The service lets developers use common tools like Google Tensorflow, Caffe or Neo4j, and runs on top of NVidia GPUs to provide the speed machine learning typically demands.

The AI announcements didn't end there. A long-standing customer of Oracle, Chapman spoke about how the Retail Cloud syncs end-to-end merchandising operations from buying to inventory valuation.

Unveiled at the annual OpenWorld conference, the platform takes advantage of the extensive cloud infrastructure that Oracle introduced at last year's conference. Leveraging natural language understanding (NLU) and deep learning, Oracle has enabled features such as dynamic tags and category pages that can personalize search suggestions and results with real-time offers.

"Enterprises can now streamline operations across their ecosystem and expand their market reach with new revenue streams, sharing data and transacting within and outside the Oracle Cloud".

With the Chatbox technology, chatbots can deliver an interface that is appropriate to the interaction, such as an online form with pertinent information from the conversation. For instance, if a person is trying to return an item to a retailer, the bot can use a Chatbot Instant App to guide that person through all the steps they need to make it happen. The bot is able to collect accurate, meaningful data in a way most convenient for the customer. "Make no mistake, we are headed toward full autonomy in cyber security as well", he said.

Ellison drew a contrast between this autonomous approach and Amazon's Elastic Compute Cloud (EC2), and Amazon Redshift, Amazon's own data warehousing service, which he said can't automatically spin servers up and down as required. For these applications, the AI apps, can, for example, automatically figure out relevant product recommendations for customers coming to a retailer's web site.


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