Oracle's product portfolio is bringing more value to enterprises than ever before, says Oracle president Charles Phillips.
During his keynote address on Monday morning, at Oracle OpenWorld, in San Francisco, he said: "Oracle has had a year of innovation. This year has seen hundreds of new and improved products, bringing Oracle's product number to almost 3 000."
He added that the company invested $3 billion in research and development over the past year. "Oracle has 20 000 developers. We have added 4 000 enhancements to our applications, 500 to databases and 2 000 to middleware. Oracle now has 1 200 patents to its name."
Phillips noted the company's strategy also focused on expansion through acquisition, making 50 acquisitions over the past 44 months, spending $34 billion over that time.
"Through these acquisitions, we aim to add value, solve problems and deliver solutions to our customers. We have also grown our number of employees from 40 000 to 85 000."
He said the company's strategy could be summed up in three words: complete, open and integrated.
"Look at what customers are dealing with these days. Applications built by different companies and developers, layers of different technologies, all resulting in an extremely complex and fragmented environment. Most of these technologies don't work together."
Oracle is focusing on developing architecture to control these components, to add value, and develop standards, to enable these components to work together. "We aim to build integration between the components themselves, to engineer architecture into the environment."
He said through standards-based frameworks, companies can create a common vocabulary across applications, enabling application interoperability, while lowering overall IT infrastructure costs.
Phillips explained the company would continue to provide strategic pre-built integrations with both industry-specific and cross-application business processes.
"These innovations enable users to benefit from specific integrations that help solve complex business issues with richer functionality, increased flexibility and adaptability across Oracle applications with less risk, easier integration of core processes and lower maintenance costs."
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