Insights / Blog / Oracle Cloud World 2024: A New Era of Multi-cloud and AI Innovation
September 20, 2024

Oracle Cloud World 2024: A New Era of Multi-cloud and AI Innovation

Stephen Catanzano
Senior Analyst, Data Management

Market Topics

Cloud & IT Operations

Oracle Cloud World 2024 was an impressive showcase of cutting-edge advancements, particularly in the Oracle Database 23ai and artificial intelligence. The event delivered valuable insights and thought leadership, with one announcement standing out as a potential game changer: Oracle’s collaboration with AWS, which came after its announcements with Google Cloud and Microsoft Azure in the past year. This completes the circle and makes Oracle’s Autonomous Database and Oracle Exadata database capabilities available across these platforms. This strategic move is a significant shift for Oracle, enhancing its multi-cloud offerings and opening new opportunities for customers across these cloud ecosystems.

This multi-cloud expansion holds tremendous benefits for both Oracle customers and those using AWS, Google Cloud, and Microsoft Azure. By making Oracle’s capabilities available, the company is empowering businesses with greater flexibility, enabling them to leverage the power of Oracle’s high-performance cloud solutions while maintaining their existing investments in other cloud providers. This partnership brings enhanced scalability, flexibility, and innovation. This will be particularly valuable for enterprises looking to integrate Oracle’s AI and database capabilities within their diverse cloud infrastructures while also taking advantage of each cloud’s AI capabilities, such as Amazon Bedrock, and easy access to all leading large language models (LLMs). AWS also offers a wide breadth of tools for generative AI development, which Oracle customers can leverage.

Aside from the multi-cloud announcement, Oracle’s Database 23ai also introduced exciting new functionalities. Two areas of particular interest were the database’s vector capabilities and its ability to handle relational, graph, and document data models. The inclusion of vector search opens the door to more efficient and powerful AI-driven queries, making it easier to analyze and extract insights from large data sets. This is crucial in modern AI applications, where the ability to search and interpret data points quickly can drive better decisions and innovation with vectors offering advanced similarity capabilities.

Vector databases, or databases with vector search capabilities, are increasingly becoming essential in the modern landscape of AI and machine learning. They enable the efficient processing of unstructured data, such as text, images, and complex data sets. They do this by transforming data into high-dimensional vectors, which can then be analyzed and searched using algorithms that calculate similarity between these vectors. The value of vector capabilities lies in their ability to perform similarity searches and provide contextually relevant results, which are crucial for AI models such as LLMs, image recognition systems, and recommendation engines. For example, in natural language processing applications, vector search can enable AI to find patterns and relationships between words, sentences, or documents based on meaning rather than just keyword matching. This means that AI can respond with more accurate and relevant information in everything from chatbot responses to complex business queries. At Oracle World, some impressive companies, such as PayPal and Deutsche Bank, shared their use of vector similarity capabilities in unique ways, such as vectorizing images and even support tickets to then use vector search to identify similar cases for comparison. This demonstrates vector capabilities beyond just AI use cases.

For Oracle 23ai users, this translates into more powerful AI-driven solutions that can access and interpret vast amounts of unstructured data. Whether it’s finding relevant documents based on natural language queries, performing image similarity searches, or enhancing recommendation systems, vector search enables faster, more accurate insights. Additionally, it opens the door for better personalization and contextual understanding, which can be game-changing for industries like e-commerce, finance, and healthcare, where precision and relevance are key. In addition, Oracle 23ai’s flexibility to manage relational, graph, and document data in one database is highly valuable to developers and businesses. This unified approach simplifies the management of diverse data types, enabling organizations to harness their data more effectively for AI, machine learning, and advanced analytics. Oracle Cloud World 2024 demonstrated how Oracle pushes the boundaries of database technology and AI innovation while embracing a multi-cloud future.

Unparalleled insights from analysts with an "insider" perspective

From strategy and product development to competitive insights and content creation, we deliver high-quality, actionable support services.