Take 3 minutes to watch this video! Larry Ellison, Executive Chairman and CTO at Oracle, shares his thoughts on the future of on-premise and Cloud solutions. If you had any doubts about the viability of Oracle’s on-premise solutions, you won’t after these 3 minutes. Ellison starts by revealing that Oracle spends a staggering $5 billion dollars per year on R & D and that they are committed to providing improvements to their on-premise solutions; he specifically mentions both JD Edward’s products and PeopleSoft Financials. Oracle’s customers expect and deserve continued improvements to their products and Oracle is delivering. Ellison is honest and straightforward when he shares that it is in Oracle’s “selfish best interest” to continue to make improvements to their on-premise solutions because Oracle’s goal is to have customers “trust Oracle as a technology supplier.” They want customers for life.
Ellison very candidly shares that Oracle’s Cloud project has been ongoing for about 10 years and that he sees a gradual migration from on-premise solutions to Cloud over the next decade. But if & when this happens, it will be when it makes sense to each individual business so they recognize the need to offer choices to their customers.
Any questions regarding Oracle’s on-premise software, such as PeopleSoft Financials please email Larry Zagata.