Oracle’s position in access management
In June, Oracle announced that it was positioned as a leader in Gartner’s Magic Quadrant for Access Management, Worldwide 2017 report. Microsoft (MSFT), IBM (IBM), and CA Technologies (CA) were other players positioned in the Leader’s quadrant.
Sharing his thoughts on this news, Peter Barker, Oracle’s senior vice president of identity and security, said, “We believe this recognition is a credit to Oracle’s commitment to build a comprehensive portfolio of PaaS security solutions, an integral piece of Oracle Cloud Platform.”
Oracle’s focus on increased security
Oracle believes that this announcement highlights the enhancements launched by Oracle Identity Cloud Service earlier this year. Oracle Identity Cloud Service is a central part of Oracle’s Identity-based SOC (Security Operations Center) framework.
In our June 19, 2017, series, we noted that Oracle (ORCL) recently announced new features for its identity-based SOC cloud services. With the integration of these features, Oracle strategically integrated ML (machine learning) and AI (artificial intelligence) to its offerings. These are the rapid growth areas that are perceived to drive the expected $2 trillion in spending in the next new computing cycle.
Oracle’s portfolio of cloud security offering provides a unified approach to threat detection, security monitoring, analytics, and remediation. The company’s portfolio works across all clouds—public, private, or hybrid—as well as onsite data centers and is built on Oracle’s public cloud.
The cloud, data source, security software, business intelligence, and analytics are expected to be the spending priorities in the global IT budgets, which are expected to surge 4.5% in 2017. Gartner estimates show that the cloud shift could contribute more than $1 trillion in IT spending by 2020.
Oracle’s net margins improved in fiscal 4Q17 on the back of improvement in its SaaS and PaaS margins.
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