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Professor Neil S Towers FIOMChair – IOM Scotland Email: isr@iomnet.org.uk
IOM members and guests visited Oracle’s Executive Briefing Center in Linlithgow, the worlds largest business software that specialises in enterprise software and now hardware products, and is the No. 1 player in many product and industry markets.
The Director of Oracle Scotland gave a talk on the company’s transformative journey to strip excess costs from the business. This was achieved through consolidation, simplification, global processes, shared services and the use of standardised products. As well as achieving cost savings of around $2 billion over a 10 year period, Oracle benefited from increased visibility and more powerful business intelligence.
The transformative payoff of the project was the ability to scale the business without increasing costs, thereby driving the holy grail of sustainable and profitable growth. That further fueled an enviable capability to acquire and integrate companies to further propel revenue growth and their current success. It was an inspiring session indeed!
This was followed by some light refreshments and a chance to network with other members, as well as a tour of Executive Briefing Centre which houses demo versions of some of its ‘coolest’ technology.