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Oracle OpenWorld to shed light on next-generation autonomous cloud capabilities

Date published: 2019-09-16
Originally published: Here. Excerpt below.


More than 60,000 attendees and over 250 exhibitors and speakers from more than 90 countries are expected to take part in the Oracle OpenWorld 2019 event.
The four-day event, with over 2,200 educational sessions, will take place from September 16 to 19, at Moscone Centre in San Francisco, California, US.
This year, Oracle is bringing a more human-centred focus to its products and solutions with a focus on digital transformation, led by demos and hands-on labs.
The main absence from the event will be its co-Chief Executive Mark Hurd, who is taking a leave of absence from the company for health reasons, and his duties will be shared by co-CEO Safra Catz and Oracle co-founder and Chief Technology Officer Larry Ellison.
The year looks better for the cloud industry due to the global economic instability as organisations are moving to the cloud to cut costs and improve operational efficiency by using artificial intelligence and cognitive technologies.
According to research firm Gartner, worldwide IT spending is forecast to reach $3.74 trillion in 2019, an increase of 0.6% from 2018 while the enterprise software market will experience the strongest growth in 2019, reaching $457 billion, up 9% from $419 billion in 2018 and another 10.9% in 2020 to total $507 billion.
The worldwide public cloud services market is projected to grow 17.5% in 2019 to total $214.3 billion, up from $182.4b in 2018,
While SaaS represents a $95 billion market in 2019 compared to $80b in 2018, the biggest out of the cloud spending, it will grow to $143.7b in 2022.
Autonomy gains traction
Oracle's cloud-related success mostly lies with SaaS [software as a service] applications, so Oracle, a services company rather than a product company, will focus on IaaS [infrastructure as a service] and next-generation autonomous cloud database at the event.
An autonomous database is a cloud database that eliminates complexity, human error and manual management associated with database tuning, security, b ...


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— NUS Trivia | tech news (@NusTrivia) September 16, 2019