Secret Leaders with Dan Murray-Serter & Chris Donnelly
Wtf is Oracle and why do 97% of companies use it? Larry Ellison's $457bn gamble
Sep 20, 2024
Larry Ellison, co-founder of Oracle and a tech industry titan, dives into the powerhouse that is Oracle, revealing its staggering $457 billion valuation. He explains how Oracle has become essential for 97% of companies, serving as the backbone of the internet. The discussion covers Oracle's revolutionary introduction of relational databases and SQL, its successful transition to cloud services, and its hidden dominance in the tech landscape. Ellison also touches on Oracle's innovative approach and its critical role in data management across businesses.
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Quick takeaways
- Oracle revolutionized business data management by introducing relational databases and Structured Query Language, enhancing decision-making processes across industries.
- Despite powering crucial aspects of the digital economy, Oracle maintains a low profile as a B2B company, emphasizing its foundational role in technology.
Deep dives
The Birth of Oracle
The origins of Oracle date back to 1977 when Larry Ellison, alongside fellow college dropouts Bob Miner and Ed Oates, founded the company after being inspired by a paper on relational database management systems. Their first product, Oracle Version 2, effectively laid the groundwork for what would become a transformative force in business data management. By realizing that organizing data in a more relational manner could optimize how businesses operated, they ushered in a new era of computing. This early vision, coupled with savvy marketing strategies, set the tone for Oracle's future dominance in the database sector.
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