Today, Tomorrow and the Next 20 Years for NetSuite

Twenty years ago boy band 98 Degrees were at the top of the pop music charts, Friends and The X-Files were still on the air, and no one had heard of “the cloud,” smartphones, or streaming video -- in fact, burning music to CD was still a newer technology.

Yet, it was also the birth year of NetSuite.

As NetSuite celebrates its 20th anniversary--20 years of revolutionary cloud-based computing technology--it’s a wonderful time to reflect upon how far computing technology has evolved in the last twenty years, and how well-poised Oracle + NetSuite is to welcome in the next 20.

Keeping Up with Global Expansion

In the past twenty years NetSuite has grown to operate in 199 countries, compatible with 190 currencies and 24 languages--and that growth is expected to continue to accelerate.

Now businesses of every size interact with one another across national boundaries.  The different departments and operations of a single business may be housed in several countries, not to mention the different languages, taxation systems, currencies and needs of an organization’s vendors and customers.  

NetSuite understands the needs of businesses to scale in a global economy.  From small and mid-sized companies to some of the largest companies in the world, NetSuite has localized throughout expansion, empowering people in your geography to make your computing solutions seamless.

Investing in Research and Development

When Oracle acquired NetSuite a couple of years ago, founder Evan Goldberg stayed on and assumed the role of Executive Vice President of Development.  This enabled Goldberg to continue to focus on innovation, with the additional resources of Oracle behind him.

In a NetSuite official blog post, Goldberg spoke to the acquisition and the combined power of the two companies for advancement, including: 

  • NetSuite and Oracle engineers combined innovation
  • Oracle-based research technologies such as AI, machine learning and blockchain technology
  • Oracle Cloud Infrastructure (OCI) additional data center access
  • NetSuite’s innovative core approach

NetSuite and Oracle have been working as harmonious companies, but especially when it comes to R&D--these powerhouse forces combined will help continue to revolutionize cloud computing in the next twenty years.

Accessing OCI

Scalability is a key feature of NetSuite’s ERP/CRM functioning: you can purchase it as a small-to-medium-sized business (SMB), and it will grow with you even as you become one of the largest businesses in the world.

The scalability of NetSuite allows for adding features or services, without ever having to migrate over to another generation of software (updates occurring automatically and all data rolling forward).  

With increased access to Oracle’s infrastructure over the coming years, NetSuite customers will continue to expand, with the peace of mind of that comes with Oracle’s top-notch data security. 

All of this cloud data processing expansion will continue to occur with zero interruption to NetSuite’s services, seamlessly working across both Oracle and NetSuite infrastructure.

Poised for the Future

The rate of change in the information age is accelerating.  

Daily life one hundred years ago did not look dramatically different than 500 years before that.   In the past twenty years technology has reshaped daily life, and in the next twenty we could realistically expect even more change to business operations, transportation, materials acquisition, energy consumption and so many other aspects of life.

NetSuite excitedly anticipates the coming changes and the potential to help businesses keep pace with advancements.

Are you ready?

SCS Cloud

At SCS Cloud we partner with our clients for long-term success.  We provide the software solutions but also the support to meet your needs today, tomorrow, and for the future.

Contact us to see how you can be ready for an even better next 20 years with NetSuite.

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