Does this scenario sound familiar to you?
Your company has a new product ready to launch. The product development team is eager to get it out to the market. Finance has run the forecasts, and the new product is going to be big: it has the potential to increase revenue by 19 percent in the first year, and 31 percent next year.
But your company has supply chain issues at the Mexican plant that are causing delivery delays; and attrition on the design team is more than 40 percent; and the materials budget is off by 17 percent; and sales generates 75 percent of its revenue from older products.
Your customers might be ready for your latest innovation, but your business isn't.
This is a perfect example of a business that can't keep up with the pace of change. According to Steve Cox, Global VP of ERP EPM Product Marketing at Oracle, companies are constrained by yesterday's technologies and operating models: aging IT infrastructure, manual processes, people and cultures that are resistant to change.

In his Oracle OpenWorld session, "The Last Upgrade You'll Ever Need," Cox urged companies to immediately start looking at tomorrow's technologies-cloud applications built on machine learning, chatbots, intelligent process automation and more-to immediately start automating as many functions and processes as possible.