Oracle CloudWorld Las Vegas: Roundtable Reflections
Fast tracking business value with Oracle Cloud Applications
At Oracle CloudWorld 2024, we hosted a roundtable titled Fast Tracking Business Value with Oracle Cloud Applications. In the session, we had a look at how organizations can harness the power of Oracle Cloud to drive faster and more efficient business outcomes.
We focused on the real-world impact of Oracle’s Modern Best Practice framework, looking at how it can drive growth, innovation and agility. At Inoapps, we’re committed to helping businesses maximize the value of their Oracle investments, and this session provided a chance to share insights on how companies can move forward in their modernization journeys with Oracle Cloud Applications.
Who was there?
While we can’t share specifics about individual companies, the attendees were business leaders looking to understand the challenges behind modernization and what they needed to prioritize to support their cloud transformation.
What was discussed?
Throughout the roundtable, we held a lively discussion on different aspects of cloud modernization. We talked about the key motivations behind cloud adoption, the challenges companies face during the transition, and different deployment strategies.
Here are the themes that emerged from our conversation:
Understanding the drivers of cloud modernization
One of the main points we discussed was the drivers pushing companies to move to cloud. Digital transformation is no longer just a buzzword—it’s a strategic necessity for companies aiming to stay competitive. With market conditions changing fast, and customer demands with them, there’s a big emphasis on speed, security, and cost efficiency. We discussed how Oracle Cloud Applications enable companies to stay agile in response to market changes.
Attendees shared insights on how cloud applications have become not just IT tools, but components for driving business growth. There’s a growing shift in focus from merely maintaining operations to using cloud-powered tools to create new revenue streams and competitive advantages.
Addressing organizational barriers
Organizational barriers remain a challenge. Concerns like internal resistance to change, perceived complexity, and fears of business disruption were common among the group. Many attendees noted that their organizations feared the potential upheaval that a cloud transition might cause.
To tackle this, we discussed the importance of securing executive sponsorship and aligning cloud adoption with key business objectives. Building a strong business case that clearly shows the ROI can help get everyone on board. We discussed customers who have successfully made the move and how they managed and minimized the challenges, which attendees found reassuring.
Deployment scenarios: single-phase vs incremental approach
One of the most interesting parts of the discussion was around different deployment strategies. Should a company adopt Oracle Cloud Applications all at once, or take a more gradual, incremental approach? Both strategies have pros and cons, depending on the needs and objectives of the business.
The ‘big bang’ single phase approach can offer faster results and competitive advantages, but it also comes with higher risks. On the other hand, the incremental approach offers more flexibility, allowing companies to migrate in manageable steps—this can be ideal for businesses with complex systems or those that aren’t fully cloud-ready yet.
The group agreed that the right approach depends on the company, and the decision should be based on factors like company size, industry, and business needs.
Aligning cloud readiness with business goals
Lastly, we discussed the importance of evaluating a company’s cloud readiness before making the leap. It’s not just about the technology—it’s about understanding how cloud solutions align with overall business strategy. Whatever the business goal is for the project, cloud solutions should be tightly integrated with core business strategies, and everything needs to be in sync.
Conclusion
We wrapped up the session with some solid takeaways. Building a strong business case for adopting Oracle Cloud Applications requires more than just a technology overhaul—it needs a deep understanding of business needs, organizational readiness, and the right deployment strategy.
All attendees were offered a free 90-minute consultation to explore how Oracle Cloud Applications can be tailored to their specific needs.
Visit our Inoapps Evolve page to sign up for your own consultation to kickstart your cloud journey. With Inoapps Evolve, we help you get up and running fast with core Oracle Cloud Applications functionality that provides a solid foundation for growth.