Exploring Oracle’s AI-Driven Application Strategy with EVP Steve Miranda

In a world where technology is constantly evolving, Oracle stands out as a leader in the field of AI-driven applications. Steve Miranda, Oracle’s Executive Vice President of Applications Development, recently sat down with Bob Evans to discuss the benefits of Oracle’s embedded AI approach and how the company leverages AI and integrated applications to deliver faster and more accurate results.

Oracle is unique in that it offers AI services at both the infrastructure and application levels. Last year, Oracle introduced over 50 distinct use cases for generative AI within its applications, ranging from job post creation to narrative reporting. This year, they are announcing 50-plus AI agents that will further enhance the user experience. By leveraging AI in this way, Oracle is able to perform more comprehensive transactions and provide valuable insights to its customers.

One of the key advantages of Oracle’s approach is the integration of AI into its suite of applications. This not only ensures data security and service level agreements with customers but also allows for the use of the world’s leading LLMs in the context of the applications. By consolidating data into a single location and minimizing peripheral systems, Oracle is able to provide more accurate information, reduce data movement, and automate processes for greater efficiency.

Oracle’s commitment to customer success is evident in its continuous updates and monitoring of AI use cases. Over 80% of product features come from customer ideas, allowing Oracle to tailor its offerings to meet the needs of its 10,000-plus customers. This customer-centric approach has led to faster decision-making, reduced audit costs, and improved operational efficiency.

When it comes to pricing, Oracle does not charge extra for AI features as it believes AI should be embedded in everything. Instead, customers pay for the business outcomes that Oracle’s applications deliver. By integrating AI and AI agents, Oracle is able to accelerate changes to business processes and help customers optimize their operations.

Overall, Oracle’s AI-driven application strategy is revolutionizing the way businesses operate. By incorporating AI into its suite of applications, Oracle is able to provide faster, more accurate results that drive business outcomes and improve operational efficiency. With the introduction of new AI agents and continuous updates, Oracle is at the forefront of innovation in the AI space. Attendees of Oracle’s CloudWorld event will have the opportunity to learn more about these innovations and hear from customers who have successfully implemented Oracle’s AI-driven solutions.