OPENWORLD 2017 | NetSuite advantage: Oracle core platforms

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Oracle + Netsuite at the Oracle OpenWorld 2017 conference in San Francisco, California on October 2. InterAksyon file photo
Evan Goldberg, NetSuite founder Evan Goldberg and now Oracle + NetSuite executive vice president of development, doing his keynote at the Oracle OpenWorld 2017 in San Francisco, California on October 2. InterAksyon file photo

SAN FRANCISCO, CALIFORNIA — Oracle unveiled the revolutionary new machine learning applications for database and cyber security at the recently concluded Oracle OpenWorld 2017.

Part of the major announcement was the Oracle Autonomous Database Cloud which the software giant said is the world’s first 100 percent self-driving autonomous database, and new automated cyber defense applications that detect and remediate attacks in real time.

With total automation based on machine learning, the new platform, according to the database company, eliminates the human labor required to manage a database by enabling automatic upgrade, patch, and tune itself while running.

So, where does NetSuite fit in in this new world of automation and machine learning within the Oracle organization?

InterAksyon had the opportunity to talk to NetSuite founder Evan Goldberg and now Oracle + NetSuite executive vice president of development, and discussed how NetSuite would leverage on Oracle’s core platforms.

“Well, we’ll be customers of that technology,” said Goldberg in a roundtable interview with Philippine media at the Marriott Marquis Hotel, across the Moscone Center in San Francisco, where Oracle OpenWorld 2017 was being held. “We want to bring machine learning and intelligent assistance to our customers and it’s great that we’re able to leverage and help stir these advances that Oracle is making as a primary internal customer of it.”

In a keynote address to OpenWorld 2017 attendees earlier, no less than Larry Ellison, Oracle executive chairman and chief executive officer, introduced Oracle’s new offering in automation and machine learning.

For his part, Goldberg believes NetSuite can do even more now that all these new Oracle technology are in place.

“We have a long list of things we want to do that involve intelligent assistance and machine learning, and i think we’ll be able to do them faster, significantly faster than we would have before, so that’s mostly what’s exciting to me,” Goldberg said. “They’re (Oracle) building all of their stuff as a service that are available to all their customers; in some sense we (NetSuite) is also a very big Oracle customer; we use a lot of Oracle software.”

Automation and machine learning will greatly affect how NetSuite products will function said the executive. And thanks to Oracle adding a blockchain offering, customers can now reliably share data and conduct trusted transactions with suppliers, banks, and trade partners.

“We have the SuiteCloud platform through which we can expose a lot of Oracle services so for example today we announced that the Oracle blockchain service would be available… especially our partners, who will be using it to build services for our NetSuite customers,” said Goldberg.

Leveraging on the Oracle’s resources, NetSuite, after being taken over by Ellison’s company over a year ago in a $9.3 billion buyout, was able to continue accelerate its growth and product innovation, further strengthening its commitment to customers and partners. The two companies seemed to be made for each other.

“Obviously, our whole technology is build on their (Oracle) platform in the sense that we run on Oracle database, we run on Oracle’s application server, we are increasingly riding on Oracle’s hardware and in Oracle’s data centers, so we’re really leveraging on Oracle the whole way down the stack,” Goldberg said. “A complete solution… and their systems are engineered to work together, kind of like NetSuite are… but the lower level stuff that we use are all engineered to work together and that’s great for us.”

“It makes it simpler for us to run NetSuite and it’s going to make NetSuite more secure, more performant, more scalable, more reliable, all these things,” Goldberg said.