Oracle sets its sights on engineering and construction industry with Textura buy

Oracle is spending $ 663 million to buy Textura, a company that offers cloud services for the engineering and construction industry.

Textura’s products will be combined with Oracle’s existing Primavera project-management suite — the result of a 2008 acquisition by the database giant — in the Oracle Engineering and Construction Global Business Unit, Oracle announced on Thursday. The focus of that unit will be offering a comprehensive cloud-based project control and execution platform that manages all phases of engineering and construction projects.

“The increasingly global engineering and construction industry requires digital modernization in a way that automates manual processes and embraces the power of cloud computing to easily connect the construction job site, reduce cost overruns and improve productivity,” said Mike Sicilia, a senior vice president at Oracle who will lead the newly expanded business unit.

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Computerworld Cloud Computing

Iot Security: Industry Finally Waking Up To The Dangers

For the last several years, Internet of Things security has been one of the most hotly debated topics at Mobile World Congress. This year, however, IoT security took on a new sense of urgency as more devices are being connected and the technology turns mainstream.
InformationWeek: Cloud

Rain clouds ahead: 10 bold predictions for the cloud industry in 2016

While I don’t like interrupting anyone’s business plans in particular, I have a jaundiced eye towards how clouds are bringing us rain, and how in 2016, the rain will drench us and try to drown us in data.

1. More cloud services shakeout/shakeup

Already we’ve seen the shakeout begin. HP Helion is now adjunct to HP’s old ally Microsoft and its Azure Cloud. Microsoft, which is in turn now scared to death of unlimited storage and the resources it’s chewing up, imposed strictures to OneDrive. No more happy terabytes with a license of Windows 10. 

Portals as a business investment are down. Yahoo tried to do things with Flickr, but now seems poised to sell much of their non-Alibaba holdings. There are many minor portal players still in the game, but Facebook, the world’s greatest time suck, challenges all.

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Network World Cloud Computing

Wait: Did I just detect a flicker of personality in the enterprise IT industry?

Long gone are the days of the colorful enterprise networking industry I knew filled with provocative personalities like Cabletron Systems President Bob Levine and 3Com’s Bob Metcalfe. But at this week’s Xconomy Enterprise Tech Strikes Back event held at the Fidelity Center for Applied Technology in Boston, I actually detected some real-life individuality and swagger to go along with good business ideas being touted by the industry’s latest batch of young companies.

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Network World Cloud Computing

IBM Lays Industry Specific Powerful Behavior Based Predictive Analytics

predictive analytics predictive models 300x183 IBM Lays Industry Specific Powerful Behavior Based Predictive Analytics

Image source IBM

The challenge for organizations is to capture, manage and make sense of their data in real time so that many employees can make better decisions faster. In the course of time, predictive analytics evolve and becomes accessible to all enterprise users, regardless of their industry.

IBM is trying to position the company as the leader in predictive analysis and announced a new set of 20 new predictive analytic solutions unique to each industry. Using the new IBM applications, companies can get quick answers to questions such as how many different color combinations fabrics should we continue to sell in our stores? People who spend time at the table after 20:00 are they more likely to be exposed or late to repay their bank loans? When should we stop the production of an oil well to pump maintenance?

The new generation of IBM solutions can be applied to several sectors – banking, telecommunications, insurance, automotive, energy and other sectors. At the heart of these solutions is a set of data preparation tools for the integration of specific data sources for industry such as pre-built models and predictive analysis of its own, and tables interactive and specific board to help business users to share findings between teams and organizations.

IBM says, “the new solutions draw on company’s vast industry and analytics expertise from over 50,000 client engagements. Each solution includes pre-built predictive analytic modeling patterns and interfaces for focused industry use cases, as well as data preparation capabilities to manage unique data and streamline the collection and preparation of data for analytics. With interactive and role-specific dashboards, business users can share predictive insights across teams and organizations that can give them a deeper understanding of their customers, assets and operations to help them make better decisions and act with greater speed and fewer resources.”

In the area of Banking, the AML Monitoring and Analytics for Financial Services, the Multi-Channel Fraud Analytics and Behavior-based Customer Insight operate, respectively, in terms of mitigating money laundering risks, prevention of financial fraud and customization customer experience.

The Asset Analytics for Rotational Equipment is designed by IBM solutions for the chemical and oil industry and uses the predictive analysis to anticipate operational breaks and enhance the reliability and availability of critical equipment.

In the financial segment, Regulatory Compliance and Control and Trade Compliance Analytics enable better risk management and regulatory compliance and comprehensive view of the market, using analytical capacity.

In the area of consumer products, the technology company has created a solution that you want to study the customers’ consumption behavior and their reactions to certain marketing strategies. The Social Merchandising allows enhancing the operational efficiency of companies that wish to reach a particular group of consumers.

In the sphere of insurance, the IBM Analytics Solution Insurance gives a greater customer experience and reduce the dropout rate, the Producer Life Cycle and Credential Management help insurers automate processes, and the Property & Casualty Claims Fraud enables a more efficient identification and needs of fraud incidents.

For the media and entertainment area players, IBM developed the Behavior-based Audience Insight to a better understanding of their audiences and more efficiently create advertising and marketing campaigns and new content.

In April, following in the footsteps of its closest competitor Microsoft, Amazon announced the Amazon Machine Learning, a fully managed cloud service designed to draw useful information from mountains of data that it is sometimes difficult to exploit, for reasons of complexity, time or energy.


CloudTimes