Oracle Corporation (NYSE:ORCL) has lost round one of innovation and is being hunted by its competitor SAP in the second round of the battle of innovation. SAP’s CEO Bill Mc Dermott exchanged his views on The Street about how his company is better equipped to take over the future of database management.
” […]The battle really is about tomorrow’s dreams and tomorrow’s technology and you know Oracle Corporation (NYSE:ORCL) is very webbed to a disk base data system, we aren’t. So we disrupted the market with HANA which is the only real time in memory computing platform in world in the cloud and we think we will determine the future on our own terms by out innovating Oracle Corporation (NYSE:ORCL) and all other companies,” said McDermott.
As far as aiming high is concerned, SAP’s CEO will never run short of ambition, but Oracle Corporation (NYSE:ORCL), which is the second largest software company in the world might take a considerable amount of time to lose that spot to SAP. However, rising revenues of SAP are a concern for Oracle.
Innovation is the bread and butter of tech firms. Those who have exhibited rigidity in terms of an inability to think out of the box have fallen prey to the fresh wave of dynamic thinking companies. Size in this matter provides little resistance. Nokia’s take over is just one example of companies who start to fall behind on the innovation front.
In order to survive, Oracle Corporation (NYSE:ORCL) doesn’t only have to keep up with the market, but lead it on the innovation front. Oracle Corporation (NYSE:ORCL) has also faced a shake up recently in its management. Larry Ellison, the company’s ex-CEO decided to move from CEO of Oracle to executive chairman and chief technology officer.
How successful will this move prove for Oracle Corporation (NYSE:ORCL) is yet to be determined, but there was definitely a need to shake things up in the software company.
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