Oracle OpenWorld, San Francisco, Calif.—Oct 23, 2018
Cloud and integrated technologies such as AI lower cost, drive more innovation, and improve productivity.
Oracle CEO Mark Hurd, who last year predicted that 85 percent of production applications will run in the cloud by 2025, got more aggressive in updated guidance shared today. Migration to cloud is happening far faster than anticipated, he said.
“Cloud is irrefutable; it's foundational,” Hurd added during his Oracle OpenWorld keynote. “This is no longer a debate. The only thing we’re debating is the speed of getting this done.”
Hurd shared the stage with customers and offered new cloud prognostications. By 2025, Hurd predicts:
On that last point, Hurd said automation will not replace jobs but create them. New careers fueled by the use of AI and other emerging technologies will include supervisors for robots, smart city technology designers, AI-assisted healthcare technicians, and data professionals.
Customer, Navindra Yadav, founder of Tetration Analytics (now a Cisco company), told Hurd his company realized big performance and cost advantages running on Oracle Cloud as compared to two other public cloud providers.
More from Mark Hurd:
This week Oracle OpenWorld 2018 has hosted more than 60,000 customers and partners from 175 countries and 19 million virtual attendees. Oracle OpenWorld is the world’s most innovative cloud technology conference and is slated to contribute $195 million in positive economic impact to the City of San Francisco in 2018.
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Oracle OpenWorld, the industry’s most important business and technology conference for the past 20 years, hosts tens of thousands of in-person attendees as well as millions online. Dedicated to helping businesses leverage Cloud for their innovation and growth, the conference delivers deep insight into industry trends and breakthroughs driven by technology. With hundreds of demos and hands-on labs, plus exhibitions from more than 250 partners and customers from around the world, Oracle OpenWorld has become a showcase for leading cloud technologies, from Cloud Applications to Cloud Platform and Infrastructure. For more information; to register; or to watch Oracle OpenWorld keynotes, sessions, and more, visit www.oracle.com/openworld. Join the Oracle OpenWorld discussion on Twitter.
Statements in this article relating to Oracle’s future plans, expectations, beliefs, intentions, and prospects are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/investor. All information in this article is current as of October 23, 2018, and Oracle undertakes no duty to update any statement in light of new information or future events.
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