New Delhi [India], Feb. 17 : Oracle India on Thursday announced that Oracle Management Cloud service has provided Indian companies with smarter insights and swifter action, thereby eliminating slow transactions.

Safexpress, National Stock Exchange of India, Karur Vysya Bank and HCL Technologies are among the many companies around the world that have selected Oracle Management Cloud to transform the way they manage their operations.

Companies, globally, are experiencing dramatic changes in the nature of development and IT management. Applications are evolving more rapidly; architectures are loosely coupled; consumers have lower tolerance for bad performance and have direct access via social media to voice their frustrations.

IT operations, therefore, need to deal with the pressure of supporting increased agility, while retaining customer satisfaction and loyalty.

Part of the Oracle Cloud Platform, Oracle Management Cloud is a suite of next-generation integrated monitoring, management, and analytics cloud services that leverage machine learning and big data techniques against the full breadth of the operational data set.

Oracle Management Cloud's unified platform helps customers improve IT stability, prevent application outages, increase DevOps agility and harden security across their entire application and infrastructure portfolio.

In a recent Forrester survey of 107 enterprises, 33 percent of respondents said that customers frequently report an external app problem before the company knows about it. Another 38 percent said that it happens occasionally.

Outages of digital services like these cost companies in revenue, reputation, and customer loyalty. In the same study, only 6 percent of respondents trusted their app monitoring strategy all of the time to support correlation and troubleshoot problems and incidents.

In another study, a June 2016 report, sponsored by Oracle, IDC found 92 percent of enterprise IT organisations had one or more monitoring tools, but 55 percent said they needed new options for the scale and complexity of the era of digital business, hybrid cloud, and big data.

"Companies relying on existing monitoring tools fall short in one of two ways. Firstly, generation tools lack the ability to deliver insight from data, and therefore expect human operators to draw conclusions from massive volumes of data. Secondly, generation tools apply advanced analytical techniques to deliver insights, but only for a subset of operational data, so human intervention is required to make sense from silos of information," explained Prakash Ramamurthy, Senior VP-Systems Management and Security, Oracle.

"By applying machine learning to the entire operational data set, Oracle Management Cloud is able to offer a complete, integrated, next-generation suite of systems management solutions designed and built for heterogeneous applications and infrastructure; running across multi-cloud environments," added Subash Nambiar, VP - Technology, Oracle India. (ANI)