In recent years, the amount of data generated by businesses has skyrocketed, creating an urgent need for reliable database systems. Companies rely on databases to store a wide range of information, including customer data, financial records, inventory, and more. Databases are essential tools for managing and analyzing data efficiently, helping companies make informed decisions, improve operations, and stay competitive. This is where Oracle comes in.
Among the various database management systems available, the Oracle system has emerged as one of the most popular ones in use today. A relational database management system (RDBMS) allows businesses to store, organize, and manage data.
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What is the Oracle System?
The Oracle system is a relational database management system designed to handle large amounts of data created by Oracle Corporation. It is known for its ability to manage multiple users, its advanced security features, and its scalability.
This system offers businesses and organizations an efficient and reliable way to manage their data. Oracle’s database, like most RDBMSs, uses the standard SQL (Structured Query Language) programming language to create database structures, manage records, perform actions, or retrieve existing data.
How Does the Oracle System Work?
The Oracle system is an all-encompassing solution for data management, visualization, access control, and user management. Below is an explanation of how it works:
When it comes to visualization, the Oracle system uses a variety of tools and techniques to make complex data understandable. One of which is data mining. It involves using complex algorithms to identify patterns and links in large datasets. These patterns and relationships can then be visualized using tools like charts, graphs, and other visual aids.
In addition to storage and network management, Oracle also has Oracle Enterprise Manager (OEM). Users can use OEM to manage large amounts of data across multiple systems. OEM reduces complexity and streamlines management tasks by allowing administrators to manage their databases and applications from a single dashboard.
The Oracle system uses Structured Query Language (SQL) for database management. This programming language manages and manipulates data within the system. Additionally, it is able to control data access by allowing administrators to set permissions and privileges for different users and groups.
Oracle manages user access through the use of roles and privileges. It allows administrators to create roles and assign privileges to those roles, simplifying the process of managing access permissions. Therefore, only authorized users can access certain applications and features.
Oracle System’s Weaknesses
Despite its popularity, the Oracle system does have some disadvantages that companies should be aware of.
High specification devices
The system is designed to work with high-end servers and computing systems, forcing companies to invest in expensive equipment in order to implement it effectively. This includes not only hardware costs, but also ongoing maintenance, support, and staffing expenses required to keep the systems running smoothly. While this can be advantageous for large enterprises with robust IT infrastructure, it may pose challenges for small businesses with limited resources.
One of the most significant downsides of the Oracle system is its high cost, compared to other similar options. You must pay additional costs to experience a more comprehensive set of features. For instance, training, integration, and setup cost. During the development phase, there is also a license cost that needs to be paid beforehand.
High data size
Users may experience performance issues when dealing with large amounts of data. As data sizes grow, processing speed can slow down. One of the main factors influencing it is the amount of processing power needed to handle the data. This results in delays and performance issues that can impact the overall performance of the system.
Complicated database access
Implementing and maintaining such complex systems can require a high level of expertise and specialized skills. Therefore, the Oracle system does not suit companies or individuals looking for a database that is easy to use. Its complex and non-user-friendly features oblige you to have adequate technical ability to operate the system.
Moreover, the complexity of Oracle’s software and hardware solutions can also be a barrier for small companies, who may not have the in-house expertise needed to manage the system. This may result in additional expenses for hiring specialized IT consultants, further increasing the cost of implementation.
Also Read: 16 Best ERP Software in Singapore You Should Know in 2023
Oracle System Alternative: HashMicro
Knowing the disadvantages of Oracle, the system is therefore not suitable for all companies. HashMicro, an alternative to Oracle, provides similar functionalities and offers a range of business solutions, including the Hash Core ERP that caters to businesses with a complete suite of ERP tools. This software has a wide selection of modules to streamline business processes, ranging from Supply Chain to Human Resources. However, the four main modules offered that cover essential business functions include Sales, Inventory, Accounting, and Purchasing.
Hash Core ERP helps businesses automate various processes and enhance operational efficiency. With its Business Intelligence technology, businesses can make accurate decisions based on real-time data and comprehensive reports. It is accessible from anywhere and at any time. With one centralized system, you can manage your operations all from a single platform. This can help to reduce errors and improve efficiency, allowing businesses to focus on their core activities.
The key advantage of this software is that it is highly customizable, allowing businesses to configure the software to match their unique needs. This enables businesses to create a customized ERP system that meets their specific requirements without having to pay for unnecessary features or modules. Additionally, HashMicro offers a range of add-ons and extensions so that businesses can customize the software further.
While both Oracle and HashMicro offer advanced data management solutions, HashMicro is one step ahead in terms of affordability and accessibility. Below is the comparison between the Oracle system and Hash Core ERP:
- Pricing model. One of the most significant differences between the Oracle system and HashMicro’s Hash Core ERP software is the pricing model. Oracle’s licensing costs can be quite high, making it difficult for small and medium-sized businesses to afford the system. In contrast, HashMicro’s Hash Core ERP software is priced on a subscription basis, making it an ideal solution for businesses of all sizes.
- Accessibility. Hash Core ERP is accessible by unlimited users, unlike Oracle, which is limited to a certain number of users. This unlimited access feature is particularly useful for companies with many employees, as they do not have to worry about exceeding their user limits and incurring additional costs.
- Customization. Oracle system is customizable, but this comes at a cost of time and money. Hash Core ERP, on the other hand, is configurable, allowing businesses to tailor the system to their specific needs without the need for extensive customization. Moreover, it has a more user-friendly interface that is easier to use. This makes it more accessible to employees who may not have extensive experience with ERP systems and can reduce the need for extensive training.
- Modules. Hash Core ERP Software offers a larger range of modules to meet the specific needs of various industries, such as retail, F&B, and rental businesses. In addition to the standard modules, it also includes consignment sales, RFM (Recency, Frequency, and Monetary) analysis, catering, and rental modules not found in Oracle’s ERP system. The modules offered by Hash Core give businesses more flexibility and control over their operations.
Oracle system is an advanced cloud-based solution offering users a range of features. However, it does have a few drawbacks, including its high cost and complexity. Hash Core ERP Software, on the other hand, provides comprehensive and customizable functionalities for businesses of all sizes. It is perfect for helping businesses to streamline their operations and drive growth in a highly competitive market.
With its user-friendly interface and low operating cost, Hash Core ERP is a great choice for businesses looking for a reliable and cost-effective alternative to Oracle. Give it a try now and get up to 70% off on Productivity Solutions Grant!