During the SuiteConnect New York event, Oracle NetSuite announced migration to the Oracle Autonomous Database to enable its customers to take advantage of the enhanced security, reliability, and performance of a fully managed Oracle Database in Oracle Cloud Infrastructure (OCI) with integrated AI.
Evan Goldberg, Founder & EVP of Oracle NetSuite
“Oracle Autonomous Database and OCI continue to set the standard in this the new era of AI-powered business,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite. “As NetSuite incorporates the full power of Oracle’s industry-leading cloud services, organizations of all sizes gain access to the same technology and innovations that leading AI and Fortune 500 organizations rely on to build, optimize, and grow their businesses.”
As the industry’s first self-driving database, Oracle Autonomous Database can automatically secure highly available databases, configure and optimize for specific workloads, and scale resources when needed. This will enable NetSuite customers to quickly and easily benefit from optimized application performance, deeper enterprise-grade defense against unauthorized access and cyberattacks, and automated maintenance with zero-downtime patching. In addition, with the combination of the new Oracle Database 23ai features for AI along with OCI AI services, NetSuite will be able to help accelerate product development and enable customers to benefit from more embedded AI features.
NetSuite is the world’s most broadly adopted ERP suite, and NetSuite’s fleet of Autonomous Databases spans tens of thousands of databases managing over 10 petabytes of data in over a dozen cloud regions around the world. NetSuite customers already benefit from performance and security advantages of the complete Oracle technology stack:
Oracle Cloud Infrastructure (OCI): A next-generation cloud designed to run applications faster and more securely. OCI is the cloud infrastructure that powers NetSuite.
OCI AI Services: A fully-managed service for integrating language models into a wide range of use cases, including writing assistance, summarization, analysis, and chat. OCI Generative AI powers generative AI features in NetSuite, including NetSuite Text Enhance, NetSuite Prompt Studio, NetSuite Expert, NetSuite Financial Exception Management, NetSuite Bill Capture, and SuiteScript.
Oracle Analytics Cloud: A complete AI-powered analytics platform that helps to accelerate productivity and power better-informed business decisions, without compromising security and governance. Oracle Analytics Cloud powers NetSuite Analytics Warehouse.
Oracle Autonomous Data Warehouse: A complete data platform based on Oracle Autonomous Database optimized for analytic workloads that scales elastically, delivers fast query performance, and requires no database administration. Oracle Autonomous Data Warehouse powers NetSuite Analytics Warehouse.
Oracle Fusion Cloud Enterprise Performance Management (EPM): A comprehensive solution with deep functionality across financial and operational planning, consolidation and close, master data management, and more. NetSuite EPM is built on the foundation of Oracle Cloud EPM.
Oracle Business Network: An open community for Oracle customers that provides seamless connectivity to exchange business documents with trading partners. Oracle Business Network powers NetSuite SuiteProcurement and NetSuite E-Invoicing.
Oracle Integration Cloud (OIC): Provides integration services to connect applications and data sources that automate end to end processes and centralize integration management. Oracle Integration Cloud powers NetSuite Connector for Salesforce.
“Oracle is enabling NetSuite to bring enterprise-grade functions to all types of businesses and this is a huge advantage for NetSuite customers,” said Keith Kirkpatrick, research director for enterprise applications, The Futurum Group. “Ultimately, the plethora of new features and enhancements recently announced by NetSuite reflect the hard work that has been going on within the organization and at its parent, Oracle.”
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 41,000 customers in 219 countries and dependent territories.
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Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
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