Oracle CloudWorld 2023 (OCW) was an event filled with groundbreaking announcements and insights set to reshape the landscape of cloud technology. This year, attendees got a glimpse of Oracle’s most innovative technologies, and the future looks promising!
Here’s a breakdown of the key information unveiled at the conference this year:
Generative AI Service and Cohere’s LLM
If you were to ask, “What’s one of the standout moments of OCW 2023”? Our experts would say: the unveiling of Oracle’s API-led Generative AI service in collaboration with Cohere’s Large Language Models (LLMs), built and supported on Oracle Cloud Infrastructure (OCI).
At the conference, Oracle’s founder, Larry Ellison, described this development as one of the most innovative technologies in Oracle’s history. In simple terms, LLMs are next-word prediction engines powered by machine learning neural networks, trained on vast amounts of data input and output sets. This technology holds immense potential for natural language processing, understanding, and generation.
Enhancements in Generative AI Offerings
Furthermore, Oracle is committed to advancing its generative AI offerings across various domains. Applications include OCI Digital Assistant, Language Healthcare, OCI Language Translations, OCI Vision/Speech, and Data Science. These enhancements aim to deliver more accurate results results using Cohere’s LLM technology. This process, known as Retrieval Augmented Generation (RAG), harnesses the power of data to improve the quality of AI-driven solutions.
Notably, these generative AI features benefit nearly all Fusion Cloud CX, ERP, and SCM users, demonstrating Oracle’s dedication to making cutting-edge technology accessible to a wide range of industries.
Enhancements to Cloud PPM
Equally important, Oracle disclosed exciting updates to Cloud Project Portfolio Management (PPM). These updates reinforce its commitment to supporting the Professional Services Industry, Asset-Intensive Organizations, Healthcare, and Higher Education sectors. What’s truly impressive? 80% of these enhancements originated from Oracle’s Idea Lab— in which customers request enhancements or new functionality. It’s a testament to Oracle’s commitment to listening to and collaborating with its user base.
These enhancements promise to streamline project management, improve efficiency, and drive innovation in the industries they serve.
Stay tuned for the release of our next blog for further information on Oracle Cloud PPM updates.
FEDRAMP Certification for Oracle Integration Cloud (OIC)
Another significant milestone announced at OCW was the FEDRAMP certification for Oracle Integration Cloud (OIC). This certification is a game-changer for government clients. It allows them to leverage the power of Business Event-Driven integrations provided by OIC. This shift towards near real-time processing eliminates the need for manual effort. It also mitigates the potential for data integrity issues that often arise with flat file transfer integrations.
Conclusion
OCW 2023 underscored Oracle’s commitment to innovation, collaboration, and responsiveness to user needs. As mentioned, the unveiling of generative AI services, the enhancements in various domains, and the FEDRAMP certification for OIC all point to a future where cloud technology empowers organizations to achieve more, innovate faster, and operate more efficiently.
Project Partners is paving the way for the next generation of cloud migrations and implementations, and the possibilities are boundless across industries.
If we missed the opportunity to connect with you this year, we are looking forward to meeting you at OCW in 2024! In the meantime, don’t hesitate to get in touch. Our team of experts is here and available to assist you and your organization.
