Oracle and Vodafone Team Up to Offer Global IoT Connectivity for Businesses

Oracle and Vodafone Join Forces to Power Global IoT Connectivity for Businesses

Oracle Corporation (ORCL) is strengthening its partnership with Vodafone Group Plc (VOD) to deliver global IoT connectivity for businesses using Oracle’s Enterprise Communications Platform (ECP). This strategic alliance leverages the combined strengths of both companies to offer a powerful solution for businesses looking to expand their operations and accelerate growth on a global scale.

Oracle’s ECP, powered by Oracle Cloud Infrastructure’s high performance and security, utilizes an edge architecture to provide seamless connectivity and near real-time data intelligence. This enables critical new services for businesses, allowing them to gain valuable insights and make data-driven decisions. Vodafone’s Global SIM provides cellular connectivity, further enhancing Oracle’s diverse industry applications and expanding the reach of their solutions.

This integration seamlessly connects and manages IoT devices, paving the way for a new wave of cloud-based services that can transform business operations. The combination of Oracle’s ECP and Vodafone Business IoT’s connectivity brings several key capabilities to the table, including:

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Embedded AI:

Leverage the power of artificial intelligence to automate tasks, improve efficiency, and gain deeper insights from data.
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Secure Device Lifecycle Management:

Ensure the security and compliance of IoT devices throughout their lifecycle.
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Connection Management:

Simplify and manage the connectivity of IoT devices, ensuring reliable and consistent performance.
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Advanced Media Routing and Conferencing:

Enhance communication capabilities with robust media routing and advanced conferencing features.

Expanding Global Reach and Enabling New Opportunities

Erik Brenneis, CEO of Vodafone Business IoT, expressed his enthusiasm about the collaboration, stating, “This partnership will empower customers to expand their operations and accelerate on a global scale with compliant connectivity in over 180 countries worldwide. We are excited to continue our collaboration with Oracle, connecting more customers in more countries.”

Andrew Morawski, executive vice president and general manager of Oracle Communications, echoed this sentiment, adding, “By expanding our long partnership with Vodafone and bringing its extensive global network reach and IoT expertise together with Oracle’s wide-ranging portfolio of industry suites, we can help create new ways to delight customers and deliver new revenue streams.”

This strategic alliance between Oracle and Vodafone represents a significant advancement in the world of IoT connectivity, offering businesses a comprehensive solution to manage and connect their devices while accessing real-time data and insights. With a global reach and a commitment to innovation, this partnership is poised to empower businesses to achieve their full potential in the digital age.

Investing in Oracle

Investors interested in gaining exposure to Oracle can consider the following exchange-traded funds (ETFs):

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Pacer Funds Pacer Data and Digital Revolution ETF (TRFK)

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First Trust NASDAQ Technology Dividend Index Fund (TDIV)

Oracle’s Recent Developments

Last month, Oracle announced its plan to pursue qualification as a Qualified Health Information Network (QHIN) under the Trusted Exchange Framework and Common Agreement (TEFCA). Oracle Health’s network aims to provide a centralized, secure gateway for healthcare data exchange, streamlining information sharing among hospitals, clinics, and insurers.

Price Action

ORCL shares closed at $170.08 premarket on Tuesday, reflecting a 0.29% increase.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. This information is for general knowledge purposes only and does not constitute financial advice.