Oracle Corporation: a timeline
Oracle Corporation has been in the news for its stance in competing against multinational giant Amazon’s cloud services, stating Oracle’s software not only rivals Amazon’s, but betters it.
Originally launching in 1977, the California computer technology corporation has a continual competition to remain innovative, focused, with the drive to produce quality results within their hardware and software, in addition to the various services under Oracle’s business umbrella.
We look at how the company has expanded since 1980, fighting off competition to remain on top of its game, with a revenue of over $30 billion in 2016 alone.
1980 – 1990
Oracle officially launches in 1986 after founders Larry Ellison, Bob Miner and Ed Oates spend the first few years researching and innovating. The company begins to compete against major industry innovators, such as Microsoft, Adobe and Sun Microsystems, in addition to the launch of Oracle Applications Release 8.
The data company begins to garner international acclaim, becoming the first business enterprise to create accessible software, of which tasks and processes can be utilised from one main data centre. It also becomes one of the largest technological data companies and begins to launch worldwide.
Developments to their software also allowed users to begin to utilise and control different types of data, such as images, text and video through Universal Server.
1990 - 2000
The company acquires Rdb from computer manufacturing company Digital Equipment Corporation and continues to develop their products, such as Oracle 8, a sophisticated, upgraded version of the traditional Oracle database.
The company also begins to launch their technologies in Japan.
2000 - 2010
The company sought to develop practical applications alongside their main products further in order to strengthen their brand and market base.
Oracle launches Oracle E-Business Suite Release 11i, and Oracle Database 10g - these developments secure their position within the computer technology industry.
The company becomes a firm favourite with key businesses and corporate enterprises as a result of product versatility, marketing and retail.
The company’s success is further displayed through the acquisition of rival management company PeopleSoft in 2005 and key player Sun Microsystems.
2010 - Present
With the rise of cloud technology, the company launches Oracle 12c, which can be successfully ran alongside the Oracle Database
The company acquires American software company NetSuite for over $9 billion, and has also developed databases such as MySQL, Berkeley DB and TimesTen.
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Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.