Oracle recently announced Oracle Enterprise Data Cloud. The platform, part of the Oracle Enterprise Performance Management (EPM) Cloud, provides management for important enterprise data, as well as improved data integrity and alignment. It does this by providing users with a centralized, self-service framework for maintaining and sharing data. According to Oracle, this release “rounds out” its EPM Cloud suite, which has seen considerable adoption around the globe.
Oracle notes four benefits that the Enterprise Data Management can provide in its release notes, including faster cloud adoption, enhanced business agility, better alignment of enterprise applications, and a system of reference for all enterprise data. The last one is most interesting to us, and supports enterprise data across domains like master data, reference data, dimensions, hierarchies, business taxonomies, associated relationships, mappings, and attributes across business contexts.
In a statement, Oracle’s Vice President of EPM product management Hari Sankar said: “As organizations grow and evolve, business and finance leaders face an increasingly complex range of challenges in managing and governing their enterprise data assets that cannot be successfully addressed through traditional approaches. With Oracle Enterprise Data Management Cloud, we are providing a modern platform that streamlines business transformation efforts and enables organizations to maintain data integrity, accuracy and consistency across all their applications – in the cloud and on-premises.”