Larry Ellison, co-founder and chairman of Oracle. (Photo: Justin Sullivan/Getty Images)
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Over the past few years, Oracle has committed to healthcare as a top priority and has made numerous investments accordingly.
Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences, explains that the company is committed to innovating rapidly and that it could solve a variety of challenging problems in the industry.
The company's healthcare stories began decades ago as they became a staple of enterprise data management and optimization. However, the industry-specific work was especially supported a few years ago when Oracle announced it was buying the well-known EMR company Cerner. This investment has received relatively positive responses from the community in recent years, especially as healthcare institutions have sought meaningful disruption and creative innovation in an otherwise conservative and relatively technology-enabled industry. This is especially true in the EMR industry, where Health Technology Giant Epic has been able to capture and maintain a large portion of the market for decades.
Along with Cerner, Seema explains that the company is attempting to “restructure EHRs” at the most basic level to condemn the future of clinical data. She focuses on important efforts in generative AI and advanced analytics, which she also clearly states “as strong as the data behind it.” Therefore, the company's focus was also on optimizing the data infrastructure as a means to optimize it.
When it comes to technology infrastructure, one of the prominent inter-company complaints, particularly in the current environment of economic uncertainty and labor shortages, is that implementation is always ineffective. Healthcare organizations want to see fast results and rapid ROI, so speed of implementation, along with affordability, is a key indicator of success. This is primarily why hyperschools such as Google Cloud, Microsoft, and even Nvidia have created off-the-shelf solutions without the low code implementation toolkit. Oracle employs the same strategies as its means to deliver value quickly and effectively. For example, its clinical AI agents are developed to be deployed quickly and quickly, and can be implemented across the organization within two to three weeks.
Data centers have also become a hot topic in recent months, especially as organizations increasingly use the power of data and interoperability solutions as a way to enable AI. Oracle recently received a lot of buzz in the recent weeks when President Trump announced that he had announced his landmark AI initiative, Project Stargate. The partnership requires collaboration between AI Behemoths Openai, Nvidia, Oracle and SoftBank, and involves an investment pipeline of approximately $500 billion, developing AI infrastructure and capabilities. In his inaugural announcement, both Sam Altman (CEO of Openai) and Larry Ellison (founder and chairman of Oracle) argued that the key focus of the initiative is to leverage technology to truly influence patient outcomes, such as cancer diagnosis and therapeutic drugs. Ellison also said construction has already begun in Texas for the Stargate data center.
Sheema says Oracle's secret source is “the ability to bring end-to-end solutions to clients… they have the ability to bring customers to the cloud. Stargate is the means to bring customers to the cloud and provide the computing power they need to advance society.”
This comprehensive service delivery is appealing to the organization. The days have passed since companies seek many different vendors to meet different gaps. Currently, companies that can provide the full lifecycle of services under one roof are emerging as true winners. This is another reason why hyperschools are so diverse. For example, Nvidia has expanded its already industry-leading horizon, becoming purely from hardware companies to provide cloud computing services.
In fact, Oracle is in a league of many other competitors looking to win a portion of the larger healthcare pie. For example, Epic, one of the most widely used EMR systems, is investing billions of dollars to increase its unique artificial intelligence offering. It is definitely a large player in the healthcare field. Especially because it was one of the longest standing players in the industry, and was quickly repeated through early recruits from lessons learned. Other technological giants also have similar visions to incorporate innovation and confusion into the daily realm of clinical medicine, but their approaches may differ. For example, Microsoft's Azure Service is trying to build a robust data platform to help customers unify their health data. Google invests its critical resources in an enterprise platform for healthcare organizations, helping clients with AI-enabled data, search and analytics capabilities. The meta, which has become a formidable player in the AI field, also has great potential to disrupt healthcare given how deep the company's expertise in data-human connections are.
The lesson that technology giants are quickly realising: AI can play a monumental role in the healthcare sector, especially given how the industry is data-rich and management-challenging.
Luckily, Oracle doesn't have to be the only winner in this race, although he is a leader in the field. In fact, each player in the game brings unique expertise that covers decades of experience in enterprise-grade data management and analytics solutions. Ultimately, if performed correctly in a way that prioritizes privacy and safety, consumers and patients will become winners of this game.
