At the recent AI World event in Las Vegas, Oracle’s largest annual user conference, Bob Evans, Founder of Cloud Wars, sat down with Steve Miranda, Oracle’s Executive Vice President for Applications Development. They discussed the profound impact of AI on application development, highlighted the most significant announcements from the conference, and explored how customers can best leverage products like Oracle AI Agent Marketplace to thrive in today’s dynamic business landscape.
The Benefits of AI-Infused Apps
Evans started the discussion by asking Miranda to share his insights on the benefits to customers of introducing powerful AI tools in Oracle’s applications space.
“In applications, what we see happening is our delivery of features that we’ve talked about just two short years ago,” says Miranda. “We announced generative AI in the applications — I think I announced 50 and we delivered well more than 100.” Beyond this, over the past year, Miranda’s team has also delivered over 400 agents in Fusion Applications and more than 600 when considering vertical applications too.
“The magnitude of the benefits [to] customers is increasing at a pace that we’ve really never seen before. It’s very exciting in terms of our delivery and of customer success,” explains Miranda.
So, how are customers adapting to this new world of AI? “It’s relatively early days,” says Miranda. “It’s just going incredibly quickly … I think our customers right now are embracing it, especially customers that have gone through that transformation of the cloud.
“They’ve seen how that business transformation, how consolidating your data, and how bringing it to one platform could achieve benefits. And so, in some ways, for many of our customers, it’s great timing to have AI delivery.”
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Oracle AI Agent Marketplace
Evans asks Miranda to share details regarding the launch of the Oracle AI Agent Marketplace. “We have over two dozen partners,” explains Miranda. “Each of them has created, on average, five distinct agents that have been reviewed and approved by Oracle development, which are now part of the agent ecosystem that comes as part of our cloud system.
“All of our customers have access to it, [can] download the agents. And just like our agents, you could download it and use it as a template, modify it … or use the agent itself.”
The Evolution of Fusion Applications
“What do you find that [customers are] most excited about when it comes to Fusion AI?” asks Evans.
“Many of our customers are now running, not only the Fusion Applications or the horizontal applications, financial, supply chain, HR, they’re more and more pairing that with an industry vertical,” says Miranda. “In banking, we have a core banking application. In energy, we have the energy and utility set of applications. In retail, we have a merchandising capability. Hospitality has a benefit.
“So, the enabler is, for a lot of the AI, that end-to-end transformation [of] business process, and we think we have a unique offering with not only Fusion, but our industry vertical applications, and also our technology stack.”
With the AI Revolution in full swing, Evans asks, what’s it going to be like a year or two from now?
“If you look back — and it wasn’t that long ago, we were talking about [how] the Internet changes everything,” says Miranda. “When we look at our customers, of course, there’s process automation, of course there’s BI, but we think it’s going to be fundamental changes in ways we don’t even yet understand, on what our customers offer, what they build, how they produce it, just as the internet fundamentally changed everything that we do.”
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