According to Larry Ellison, Oracle is now a Cloud company. This statement without a doubt makes you reconsider your company’s future and the IT investment decisions ahead of you. You need to be careful, though – making decisions without proper knowledge is a common mistake that can be very costly in the medium run. So let’s regroup for a moment and start with the basics.
The term “Cloud computing” has been out there for over 2 decades, and by now, Oracle is a leader in the cloud market. For Oracle users, moving to the Cloud needs to be a strategic plan rather than a rash decision. We know it’s easy to get carried away with all the Cloud excitement, so we wanted to take a look at 10 of the most common Oracle Cloud misconceptions.
- Oracle’s Cloud products are not mature
- We have to move all of our applications to the Cloud
- On premise applications are more secure than Cloud
- We can just migrate our EBS applications to the Cloud
- Multitenant is the best way to do Cloud
- Moving to the Cloud will cost a fortune
- Once we implement, we are all set
- My business is unique and needs customizations
- Cloud cannot handle our international subsidiaries
- Only big companies can run Oracle Cloud
If any of these statements hit home, then this article is a must read for you. We’ll give you a hint of each of the topics, which will be covered in a thought-provoking webinar on 02/11 where our experts will not leave out any detail.
Oracle’s Cloud products are not mature
Backups and security are always major concerns when it comes to Cloud products’ maturity. 4-5 years ago, most of the CEO’s would have said NO to the Cloud in a heartbeat because of stability and security concerns. Today, ERP Cloud has been available for 5 years, HCM Cloud for over 7 years, and both have been built on 20 years of technology. From the maturity perspective, there are over 1,000 ERP customers – a number which speaks for itself.
We have to move all of our applications to the Cloud
Having multiple servers or datacenters unquestionably comes with a high cost but, is moving everything to the Cloud really worth it? Your company will need to consider its strategic investments, evaluate what makes sense to be kept in-house and what Oracle can take care of in the Cloud by using best of breed technology.
On premise applications are more secure than Cloud ones
Security is a risk for most companies; some even have their own Chief Security Officer (CSO). Oracle is the only vendor who can secure at the application, database and hardware layers since they build all of these components. On top of the security of the applications Oracle even offers “embassy grade” security for their data centers. Ultimately, Oracle’s entire Cloud strategy rests on providing world class security.
We can just migrate EBS to the Cloud
Running only one script to get everything to the Cloud? That’d be the dream come true. Even though there are many similarities between EBS and the Cloud – same ledger structure, same chart of accounts – many other things are fundamentally different and there’s no practical way to migrate them. How we’ve done business in the past 10-15 years compared to how we do business today has significantly changed, your business has probably evolved as well, and moving to the Cloud is a great opportunity to have your applications reflect that.
Multitenant is the best way to do Cloud
The commonly used single database, shared with everyone, is nothing if not a team player: if something goes down, then all customers go down with it. Your data might be compromised to a certain extent, but you don’t need to compromise to much anymore. Oracle has chosen a dedicated, virtualized tenancy for the Cloud which is simplified and secure. You get your isolated, virtualized environment with dedicated computing resources providing great flexibility in your daily operations.
Moving to the Cloud will cost a fortune
Nowadays, companies don’t need to make a huge investment to be able to use best of breed ERP systems. It used to be a million dollars to get Hyperion Planning. Now, we are talking about less than $50K. However, while Oracle takes care of the technical backend, there’s still a lot of work to be done for maintaining it. So when you move to the Cloud, make sure you include these ongoing expenses in your budget.
My business is unique and needs customizations
Companies often think that their business is so unique that they will need multiple customizations. In the end, however, most realize that the functionality they need has been available in business software for many, many years. Oracle continues to add new features and functionalities to each software release, but there are some cases where adjustments are still necessary. In particular with SaaS, Oracle provides the option to customize your applications –it’s called Platform As A Service (PaaS). With PaaS you can create your own modules and functionalities.
Only big companies can run Oracle Cloud
A few years ago, when people started talking about the Cloud, one of the most common doubts that appeared among C-level executives was whether Oracle Cloud was only for big companies. These days, Oracle has opened up the Cloud for new customers from a price and complexity stand point and that has changed everything…
To take a deep dive into each of these areas and discuss other Oracle Cloud myths on international subsidiaries, first steps after implementations, and much more, we invite you to join our free, 1 hour live discussion on February 11th 9AM PDT. You will hear real examples of how companies shaped their opinions over the past few years and how they started a journey which landed their applications on the Cloud.
Our Executives will help you clear all of you doubts:
Gustavo Gonzalez, CTO, ITC and Oracle ACE Director has been in the Oracle space for over 15 years and has a reserved spot at the biggest Oracle events all over world. He’s been a part of a lot of interesting conversations with the biggest leaders and influencers of the IT world and now, you get a chance to have a seat at his virtual table.
Matthew Conner, VP Solution Sales at ITC started working with the Cloud in early 2012, which made him one of the first to start working on Cloud Financials. Having previously worked at Oracle, where he was a regular attendee of the development calls, there’s no Cloud question Matthew cannot answer. On February 11th, you’ll have the chance to talk to him directly.
In addition, Sudhir Dubey, VP US Professional Services, ITC will join the conversation: “We are not telling you what to do, we are sharing our experience. We, as a consulting firm, are seeing the market, working closely with Oracle, talking to our clients, and in addition, we are Oracle Cloud users ourselves. As we moved from EBS to Cloud, we want to share what we’ve learnt, the same path you are going through or you will go through. There are challenges in the Cloud that we need to talk about.”