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Oracle Announces New Innovations in Cloud Platform for Digital Business

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Thomas Kurian, executive vice president of Product Development at Oracle on Tuesday at Oracle OpenWorld 2014, outlined new innovations in Oracle Fusion Middleware.

With these enhancements, customers and partners can leverage the world’s leading cloud platform to power innovation and drive a digital business advantage throughout their organizations.

New features run the gambit of the Oracle Fusion Middleware portfolio, including new social, mobile, security, integration, and collaboration technologies.

Kurian highlighted major updates across the entire Oracle Fusion Middleware stack, including new platform-as-a-service (PaaS) and on-premises cloud offerings as well as mobile, security, content management, and data management and integration capabilities.

With these innovations, customers and partners can implement new digital business models and reduce costs by leveraging elastic private and public cloud architectures.

In addition to on-stage demos of the new offerings, Kurian highlighted the momentous customer adoption of Oracle Fusion Middleware.

Kurian was joined on stage by Steve Holland, CTO/CDO of 7-Eleven, who shared his company’s Oracle Fusion Middleware success story.

Cloud: Oracle’s public and private cloud infrastructure-as-a-service (IaaS) and platform-as-a-service(PaaS) offerings provide a complete, integrated, best-in-class and standards-based platform to lower integration costs, provide self-service capabilities to drive productivity, and deliver seamless workload portability between on-premises and cloud-based applications.

Further enabling customers and partners to leverage the power of the cloud, Oracle announced six new Oracle Cloud services—Oracle Big Data Cloud Service, Oracle Mobile Cloud Service, Oracle Integration Cloud Service, Oracle Process Cloud Service, Oracle Node Cloud Service, and Oracle Java SE Cloud Service.

These new services join the following Oracle Cloud platform services from the Oracle Fusion Middleware portfolio: Oracle Java Cloud Service, Oracle Messaging Cloud Service, Oracle Developer Cloud Service, Oracle Documents Cloud Service, and Oracle Business Intelligence Cloud Service.

Oracle mobile platform: Oracle Mobile Application Framework supports rapid mobile application development across multiple devices, and Oracle Mobile Security Suite provides mobile security for BYOD and shared devices, bringing together identity and access management.

To simplify secure mobile application development, Oracle deepened the integration between the two offerings, making it easier for developers to create rich mobile user experiences without compromising security.

The addition of Oracle Mobile Cloud Service also simplifies access to enterprise mobile services in the cloud, and the new Oracle Mobile Application Framework Composer allows users to accelerate and simplify the development of mobile applications by offering a visual and declarative way of delivering mobile applications.

Service integration: With the new Oracle Integration Cloud Service, Oracle Cloud Adapters, and Oracle Cloud Adapter Software Development Kit (SDK), organizations can simplify the integration of on-premises systems with customized and packaged cloud applications.

Customers can also support multichannel delivery of applications and services across mobile, Web, B2B, and cloud applications through new API management capabilities, REST, and JSON adapters.

Oracle provides complete API lifecycle management, including definition, creation, publishing, security, monitoring, and management of APIs and seamlessly integrates with private, public, and hybrid cloud solutions.

Business process management (BPM): The recently released Oracle Business Process Management Suite 12c is a comprehensive BPM platform that delivers business-driven process design and advanced process analytics.

The new Oracle Process Cloud Service supports process innovation and optimization through process monitoring and analytics; process automation capabilities including workflow, events, and rules; and mobile forms and workspace capabilities.

Data integration and business analytics: Recent data integration and business analytics offerings from Oracle provide a unified platform to speed analysis to insights and data movement across relational databases, operational systems, data warehouses, and Hadoop clusters.

Oracle Analytics Cloud is a comprehensive portfolio of analytics offerings built for the cloud, deployed in the cloud, and enabling data analysis for cloud, on-premises, traditional, and big data sources.

A new version of Oracle Enterprise Metadata Management covers the full breadth of metadata management and data governance needs in an organization, including data lifecycle management and harvest, and integrates third-party metadata, data governance, stewardship, and standardization.

Content and collaboration: Additional innovations enable collaboration in the context of business applications and integrate content management, collaboration, and process management into an agile platform for any department.

The new Oracle Documents Cloud Service provides document sharing securely across devices and with others using secure workspaces.

Oracle Social Network Cloud Service provides an enterprise social platform to facilitate collaboration within and across organizations.

Identity management: New identity management capabilities unify access management, identity management, and governance in a unified identity platform across on-premises systems and cloud for desktop, Web, and mobile applications.

The offering also enables interoperability across heterogeneous cloud services with modern security standards and protocols.

Oracle Cloud Application Foundation: Oracle Cloud Application Foundation, including Oracle WebLogic Server 12c Release 1 (12.1.3) and Oracle Coherence 12c Release 1 (12.1.3), aligns with the release of Oracle Java Cloud Service.

This is a significant release of Oracle’s core Java server infrastructure; in addition to major capabilities expanded for modern application development, it brings to fruition a key value proposition that enables Oracle customers to run their standards-based Java workloads in a private cloud or on-premises, on conventional hardware, or optimized for engineered infrastructure with Oracle Exalogic Elastic Cloud and Oracle SuperCluster systems—all without change in the Oracle Cloud.

No other modern Java application infrastructure can provide this, Oracle said.

“As a very large multi-location retailer that runs 24x7x365, we demanded a better and safer way to connect with our external guests and deliver new innovations to market place faster and easier. With our Oracle Fusion Middleware technologies we are now able to provision new environments in less than a day. This includes the complete Oracle SOA Suite on Oracle Exalogic, with Oracle Enterprise Manager managing the Oracle SOA Suite, Oracle Exalogic, and our Oracle Exadata databases,” said Steve Holland, CTO and CDO, 7-Eleven, Inc.

“With the data explosion, globalization, and the rise of social and mobile technologies, our customers are facing more challenges than ever before,” said Thomas Kurian, executive vice president, product development, Oracle. “Oracle is committed to delivering the technologies needed to help our customers turn those challenges into opportunities and to creating a modern, secure cloud infrastructure that can simplify IT, deliver a digital business advantage, and make it easier for organizations to deliver better customer experiences.”


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StarNews, Global Black Economic Forum Launch Business Competition In Partnership with MTN & USAID

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Africa’s leading video streaming platform, StarNews Mobile and the Global Black Economic Forum (GBEF), have announced a call for applications for the launch of their Business Competition in Lagos, Nigeria.

Held in partnership with MTN and United Nations Agency for International Development (USAID), the initiative will empower Nigeria’s most promising businesses that are classified as Small-Medium Enterprises (SMEs) with invaluable investment and partnership opportunities from the USA.

Held over 10 weeks between April 8th to June 14th, hosted exclusively on the StarNews Biz Channel on the StarNews platform, this competition offers a platform for emerging entrepreneurs to showcase their ventures and gain national visibility.

With subscribers voting for their favourite candidates, the top 20 contestants will seize the spotlight and make their mark on the business landscape.

The StarNews Business Competition in partnership with GBEF delivers a unique opportunity for thriving Nigerian SMEs to access mentoring, funding, partnerships and socio-economic development tools through the Global Black Economic Forum.

With the prospect of securing cash prizes through StarNews worth up to NGN5,000,000, getting access to StarNews’s network of investors and the opportunity to gain national visibility by having their business on the StarNews web platform.

The top three winners will also receive coaching from GBEF’s Academy for Advancing Excellence and become part of GBEF’s ecosystem of global leaders committed to social and economic justice across the Black Diaspora.

Previous speakers at GBEF convenings from the entertainment sector include Wyclef Jean (Haitian Musician & Activist), Debra Lee (Former CEO of Black Entertainment Television – BET) and Ceci Kurzman (Founder of Nexus Management Group). Applications will close on April 5th 2024.

Speaking on the competition’s launch, Guy Kamgaing, Founder and CEO at StarNews Mobile, says “The StarNews Business Competition is a passion project close to our hearts at StarNews Mobile.

It’s about discovering the most promising business entrepreneurs and creators in Nigeria, opening up global opportunities for them and providing them with the resources and tools to achieve their goals.

By partnering with MTN, USAID and GBEF, we want to be a platform of empowerment for these SMEs by helping them give back to the communities that are supporting them.”

According to the US Embassy and Consulate for Nigeria, over 80% of Nigerian startups are incorporated in the United States and more than 60% of venture capital funding in Nigerian startups accounted for by the US.

In 2023 alone, Nigerian startups raised a total of $398mn however, this signalled a 66% funding decline compared to 2022 due to the global economic downturn, reinforcing the massive need for a fresh injection of capital and business support for Nigeria’s emerging SMEs.

Alphonso David, President and CEO of the Global Black Economic Forum notes that, “Our partnership with StarNews Mobile is a critical resource as we continue to build the collective strength of entrepreneurship across the Diaspora.

“Building a sustainable ecosystem of Black entrepreneurs in the United States and across the African continent is essential to create a future that makes economic opportunity and economic freedom a reality for all.”

A sister company to ESSENCE, GBEF advances its work by convening global summits and conferences, bringing together world leaders, business leaders, entrepreneurs, celebrities and civic leaders to address the most challenging problems facing our communities.

GBEF’s Academy for Advancing Excellence facilitates workforce and leadership development strategy, addressing the talent pipeline & employee lifecycle, providing leadership development & coaching, and conducting institutional assessments & research.

GBEF also develops and implements economic and social justice policy recommendations with partners ranging from civil and human rights organisations to government entities and corporations that advocate for economic opportunity, social justice, and health equity through thought leadership, advocacy and litigation.

Launched in 2017, StarNews Mobile empowers African content creators with the unique opportunity to monetize their work through a subscription model, boasting over 4 million subscribers and a thriving community of more than 120 content creators.

With a strong presence across six countries including Cameroon, Nigeria, Côte D’Ivoire, Congo, Benin and Ghana, the platform has also established key partnerships with major telecom operators such as MTN and Orange.

To-date, StarNews Mobile has secured over $8mn in funding with its most recent raise – a $3mn pre-Series A funding round in October 2023 – led by Janngo Capital with participation from French football players Aurélien Tchouaméni, Jules Koundé and Mike Maignan.

 


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Companies Invest More than $100,000 Yearly to Upskill their Cybersecurity Teams – Study Reveals

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Over 70% of businesses pay more than USD $100,000 for additional training annually to keep skills of their cybersecurity employees up to date, a recent global Kaspersky study has revealed.

However, the surveyed companies also highlighted that there was a lack of relevant courses covering new challenging spheres in the educational market and stated that training does not always bring them the expected result.

In its recent study ‘The portrait of the modern Information Security professional’, Kaspersky examined the topic of the global cybersecurity staff shortage, analysing the exact reasons businesses lack cybersecurity experts, and identifying the ways they evaluate and upskill their cybersecurity workforce¹.

According to the research, companies are investing significant amounts in upskilling their cybersecurity teams: 43% of organisations globally say they usually spend between $100,000 and $200,000 per year on information security courses, while 31% even invest over $200,000 for training programs. The remaining 26% state they usually pay less than $100,000 for educational initiatives².

However, cybersecurity practitioners also note that the educational market is struggling to keep up with the rapidly changing industry and fail to deliver the necessary training programs on time.

Survey results for the Middle East, Turkiye, Africa (META) region shows that the scarcity of courses covering new challenging spheres (48%) was the main problem for those searching for cybersecurity training.

50% of respondents from the META region also stated that trainees tend to forget what they learned because they had no opportunity to apply newly acquired knowledge, therefore the courses were useless to them.

The need for special training pre-requisites such as coding and advanced mathematics, which were not specified at the pre-registration stage were also problematic for 37% of practitioners from the META region.

“With a constantly evolving threat landscape, businesses should continually improve the skills of their cybersecurity personnel in order to be well prepared for sophisticated cyberattacks.

“Developing high-profile specialists within the company and building internal expertise can be an effective strategy for organisations that aim to retain existing employees and allow them to grow professionally, instead of constantly hunting for new candidates and checking their professional backgrounds and practical skills.

“For organisations served by Managed Service Providers it is also important to maintain a pretty high level of expertise internally and use the same language when discussing the scope of services and Service Level Agreement with them,” comments Veniamin Levtsov, VP, Center of Corporate Business Expertise at Kaspersky.


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Heirs Insurance Launches User-friendly Website for Stakeholders

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Heirs Insurance Group, Nigeria’s fastest growing insurance group, has launched a new website that delivers the most user-friendly insurance experience in the industry.

Heirs Insurance Launches User-friendly Website for Stakeholders

In addition to its features that aid simple navigation, the website also personalizes the insurance experience taking customers through a short journey that enables them to make decisions quickly on the best insurance plan to support their personal and business success, or access competent insurance advisors to speak with.

According to Ifesinachi Okpagu, chief marketing officer, Heirs Insurance Group, the website, www.heirs insurance group.com, embodies the ethos of the brand: the delivery of simple, quick, and accessible insurance service that delights customers and brings the uninsured much closer to taking up insurance plans.

She said: “Today’s customers want simplicity and this new website delivers on that request, ensuring that people find the right insurance solutionsfor their needs in a few minutes. We are empowering customers to take control of their lives, their businesses, assets, and their most cherished people.” Heirs Insurance Group has been at the forefront of pioneering a new era of insurance solutions since its launch with the roll-out of various initiatives including a seamless mobile app, USSD; Prince, its intuitive chatbot; InConnect, its partnership portal Digital Experience Centre; and more. With the launch of this website, Heirs Insurance Group solidifies its position as the leading digital insurance company in Nigeria, democratising access to insurance for all.


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