Where Oracle NetSuite is Growing?

I spent last week at Oracle NetSuite event in Las Vegas –  Suite World 2019. Want to learn more – check SuiteWorld2019 website. The event theme was Grow Beyond. Grow is hard. Sustainable growth is even harder and statistically rare – said Gary Wiessinger, Senior VP of Product Management at Oracle NetSuite (more about NetSuite product development in my next article).

Growth is hard and NetSuite made a lot of steps. I found this slide interesting.

However, the key message of NetSuite event that I found important is “platform”. You can think ERP would be the most popular word at ERP vendor event. Not really… The platform, single platform, data, analytics – those are the most popular words.

And my favorite story is a story of NetSuite SuiteAnalytics Workbook.

Another interesting story is about manufacturing companies discovering new business models. In the past few years, manufacturing was heavily impacted by the development of electronics and software. Electronic wrapped in plastic – I’m sure you’ve heard it before. The software is even more interesting. NetSuite executive keynote presented an example of a manufacturing company – Roku growing from a hardware vendor to service software vendor.

Getting back to the “platform” story. This is how the growth of platform and services is translated into value.

NetSuite builds an interesting cloud platform. And as it stated by Mark Hurd, Oracle CEO at the event, Oracle owns two multi-tenant cloud platforms, while competitors have none. Cannot really comment on the last one, but would be interested to hear your comments on this. 

My favorite thing at NetSuite Growth story is Growwire. Check this website full of stories. This is my favorite example of stories that help to your brand

What is my conclusion? SuiteWorld19 was fun and energetic. Manufacturing companies can learn that there is an opportunity to get on real cloud platform these days to get the value of unified data management, analytics, and services. The real question is how many manufacturing specific functions NetSuite can bring to engineering and manufacturing shop. In my next article, I will speak about SuiteWorld manufacturing sessions and share my thoughts about NetSuite manufacturing. Just my thoughts…

Best, Oleg

Disclosure: Oracle NetSuite paid for my trip to SuiteWorld and some of the meals, but at no way influenced the content of this article.

Disclaimer: I’m co-founder and CEO of OpenBOM developing cloud-based bill of materials and inventory management tool for manufacturing companies, hardware startups and supply chain. My opinion can be unintentionally biased.