In the increasingly febrile battleground of Cloud HCM (Human Capital Management), Oracle’s racked up a couple of nice deals for its Fusion HCM from existing PeopleSoft users – the kind of wins it needs to stave off competition from Workday and SAP.
First up, banking and financial services group UBS has selected Oracle’s Fusion HCM for its 65,000 strong workforce across 50 countries. “UBS needs an HCM solution that works globally and can help transform the way our HR organisation delivers services,” said John Bradley, global head of HR at UBS. “We believe that Oracle Fusion HCM will significantly increase our HR core platform capability.”
This is exactly the kind of customer that Oracle needs to keep on board as it’s a long standing PeopleSoft user.
It seems that everything is going to the cloud — and just maybe it should. When financial institutions move to the cloud, we know it is safe to be there, namely because of their strict security requirements. The truth is that your data is usually safer in the cloud than it is inside your own facilities, under your bed, or buried in your backyard. Because cloud datacenters have to protect so many different types of highly sensitive data, their facilities are overdesigned to be bulletproof to protect their clients. General cloud facilities may require a security standard to meet Advanced Encryption Standard, AES, 256 (bits), while many facilities actually build to a 1024 (bits) standard, 4X what may be required.
Chances are, you don’t have that sort of over-engineering when it comes to your own on-premise data.
The general cloud sales pitch goes something like this: the solution allows you to maintain your security and data protection, whilst reducing total cost of ownership. Part of that protection and ROI also does away with the need for a separate Disaster Recovery (DR) strategy. If your system is in the cloud, you are pretty much covered for DR and no longer need worry about either having a DR strategy, the investment of a separate DR site, or the need to test it to prove that it works. Most companies’ strategies are either not tested, unless an audit is coming, and most have holes in them and would not actually work.
Another feature of modern cloud recovery is that the recoveries are either automatic or kick-off with just a few keystrokes of a system administrator. That can include a recovery of an entire system or just a few corrupted or accidentally deleted files. The nice thing about an all electronic recovery, versus manual, is that it can be in near real time or only the time it takes to make a system copy across high bandwidth pipe from one cloud facility to another. Once you go to the cloud, you can forget about such natural disasters such as local hurricanes, lightning, fires and floods, as well as the man-made disasters.
One of these days we will find that most ERP systems, like many others, will be cloud-based, for all of the right reasons.