After its acquisition by Oracle, Netsuite continues to grow on cloud business applications. If the two companies are separate entities, the integration begins to arrive as shown by the migration of Netsuite to Oracle’s cloud infrastructure.
Evan Goldberg, co-founder and Executive Vice President of Netsuite likes to point out, “We have been doing business applications in the cloud for over 20 years, the cloud is our DNA.” This does not prevent it from evolving as shown by the announcement at the Openworld event to migrate Netsuite applications on OCI ( Oracle Cloud Infrastructure). Good news for the manager, “our customers will have access to a quality infrastructure, stable, secure and powerful features like Autonomous Database”. For Oracle, Larry Ellison explained in his last keynote that “Netsuite applications will benefit from the second generation of the cloud including cloud databases.”
The migration took time and work on the part of the different teams, admits Evan Goldberg, but the first achievements are there. “The customers from Frankfurt and London have just switched to OCI,” he says. He adds that in a year and a half, 18 OCI datacenters in the United States, EMEA and Japan-Pacific will welcome Netsuite customers. ” By the spring of 2020, 100% of new Netsuite customers will be on OCI.
Strengthen use cases around AI
If this transfer to the Oracle IaaS is an important step, Netsuite does not forget its core business and announces changes in its products. Machine learning and AI are at the rendezvous, based on the Intelligent Suite presented in 2018. The Supply Chain offer includes predictive risk management to optimize deliveries. On the AI and machine learning, Evan Goldberg points out, “having a large volume of data is difficult for our customers who are small and medium enterprises.” Nevertheless, he sees the development of AI around three axes, “intelligent insight, through the evolution of analytics; intelligent automation and intelligent interaction “. For all these trends, “it is imperative to find and address use cases,” observes the leader.
We will also note an orientation to the verticalization of Netsuite services and in particular the SuiteSuccess offer. The latter includes pre-packaged solutions (services, dashboards, KPIs, referential) for activity sectors. On the occasion of Openworld, the publisher has added sectoral SuiteSuccess variants such as the hotel and restaurant sector, food and beverage distribution, planning and budget.