The Final Step in Promoting Your Hard Won Oracle Skills

he late night study sessions are over. The exams are completed. The stress has eased. You have passed your exams and you are Oracle Certified! The certificate may be hanging on your office wall and your proud digital badge announces the achievement across your social media profiles. 

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The Prada Group Adopts Oracle Cloud Solutions to Support Operational Efficiency and Effectiveness

The Prada Group today announced a collaboration with Oracle to adopt a suite of Oracle advanced technological solutions that will support efficiency throughout all of Prada Group’s core retail processes. They will also help the company analyze historical data and current market demands across its global retail network of 634 stores, better-informing business decisions and providing a unique customer experience.

With Oracle Retail Cloud Services Merchandise Financial Planning, Assortment, and Item Planning, the Prada Group will optimize its merchandising process including sales and forecasts, performance analysis, margin, open to buy, inventory management, supply chain, and inventory allocation. Implementing this solution will lead to a more informed analysis of the Group’s KPIs and a greater ability to set new targets and allocate more precise budgets.

The Group will also be able to strengthen its customer relations at the point of purchase with Oracle Retail Customer Engagement Cloud Service and Oracle Retail Xstore Point of Service. The two solutions will provide real-time visibility into all customer-related details across every touchpoint, offering a personalized shopping experience.

“By integrating Oracle’s advanced digital technologies with our operations, we will be able to unlock increasing value within our business and offer further opportunities to our global customer base. Our collaboration with Oracle is part of our wider strategy focused on enhancing our Group with a strong investment in technology to boost operational efficiency and effectiveness,” said Lorenzo Bertelli, Prada Group Head of Marketing and Communication.

“For luxury brands, delivering a unique and positive brand experience is paramount,” said Mike Webster, Senior Vice President and General Manager, Oracle Retail. “Whether they are shopping in Milan, San Francisco or online, Prada Group’s customers expect that inventory will be fresh, current and available. With Oracle, the company will be able to better understand and anticipate customer demand and optimize inventory assortments accordingly to ensure every brand connection results in a satisfied customer.”

Utilities Can Now Manage Diverse, Distributed Energy Resources with Oracle

Energy distribution is no longer a linear equation. As new energy and data sources continue to grow, utilities must take a more holistic approach to better understand and manage resources and engage increasingly active customers at the edge of the grid. The expanded Oracle Utilities Network Management System (NMS) addresses this market need with a new Distributed Energy Resource Management (DERM) module that enables utilities to monitor situations in real-time and proactively optimize their broader network in concert with this explosion of emerging energy resources, including solar, wind, electric vehicles and more.

By eliminating data and application silos and giving operators real-time visibility and control across all grid and pipeline assets in a single platform, operators can leverage the most comprehensive, real-time model to ensure a more resilient and efficient grid. For example, applying built-in artificial intelligence (AI) and machine learning to a growing library of data, including Advanced Metering infrastructure (AMI), weather forecasts, SCADA and IoT device interaction, NMS enables grid operators to reliably predict future storms and alter supply and demand. Coupled with enhanced mobile tools, field crews can quickly garner the insights they need to limit the impact of outages for customers and speed restoration efforts.

“Utilities today are facing a perfect storm of evolving distributed energy resources across their networks, a barrage of data, and ever-savvy customers who are looking to their utility to be a trusted advisor in this changing energy journey,” said Dan Byrnes, SVP of product development, Oracle Utilities. “As such, resources can no longer be managed in isolation. With the latest innovations in NMS, utilities can improve long-term business planning around infrastructure investments and maintenance schedules, launch new revenue-generating customer-focused energy services, and proactively optimize operational performance.”

End-to-End Visibility and Control Across Resources

With the new enhancements to Oracle Utilities Network Management System, utilities reap the benefits of:

• Automated Grid Optimization: Offers complete visibility and control from distribution to the connected customer including distributed energy resource management, D-SCADA functionality, and IoT device interactions. This allows utilities to balance supply and demand all in one place, in both real-time and continuously looking ahead to proactively mitigate grid constraints before they happen.
• Deep Insights for Automated Decision Making: By ingesting data from a variety of sources and harnessing the power of AI and analytics, utilities can understand past weather patterns and predict future outages for automated decision making.
• Extended Field Crew Access: Leveraging existing mobile device capabilities, field crews can now pull up outage maps, trend data and performance analysis, even in offline mode for faster, more efficient outage resolution.
• Improved User Experience: Intuitive order-based workflows, simplified tab-based windows, and the ability to have multiple events open simultaneously deliver an enriched user experience with no compromise to safety, reliability and performance.

Oracle Utilities NMS combines market-leading outage management technology with distribution management and advanced analytics to empower utilities to maximize grid operation capabilities, shorten outage duration and optimize distribution, all while keeping their customers engaged and informed.

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