Latest news with #OracleRedBullRacing
Techday NZ
a day ago
- Business
- Techday NZ
Oracle Red Bull Racing adopts cloud suite to boost F1 operations
Oracle Red Bull Racing has chosen the Oracle Fusion Cloud Applications Suite in an effort to strengthen its finance and HR processes and support compliance with Formula One's fixed annual cost cap. The Formula One team will utilise Oracle Fusion Applications—covering finance, HR, and customer experience functionalities—to move away from manual spreadsheet-based systems, aiming to raise overall efficiency, manage costs, and provide better insights across its operations. Operational transformation Oracle Red Bull Racing has long made use of Oracle Cloud and artificial intelligence technology to guide its on-track strategies and decision-making. The latest move extends this approach to the operational side of the business, seeking to replicate sporting success through streamlined back-office processes. The team's legacy financial planning had become increasingly complex and dependent on spreadsheets, limiting visibility into business performance data. By implementing Oracle Fusion Applications, Oracle Red Bull Racing expects to merge its finance, HR, and customer experience data onto one integrated cloud-based platform. "With a fixed annual cost cap that we can't exceed, we need to make every resource go further and manage our operations as efficiently as possible. With Oracle Fusion Applications, we can take advantage of the cloud and latest advancements in predictive, generative, and agentic AI to optimize financial planning activities, accelerate business insights, and derive more value and performance from our operating budget," Matt Cadieux, Chief Information Officer at Oracle Red Bull Racing, said. AI and cloud benefits Officials say that Oracle Fusion Applications will enable the team to leverage AI-powered services for higher efficiency, faster decisions, and adaptability in an environment where response speed is crucial. Among the new tools coming online is Oracle Fusion Cloud Enterprise Performance Management (EPM)—a component of Oracle Fusion Cloud ERP. This toolset is expected to help Oracle Red Bull Racing raise visibility over business activities, refine its budgeting and planning processes, and better allocate resources according to priorities. In addition, Oracle Fusion Cloud Human Capital Management (HCM) is being brought into the team's HR activity. According to the company, the HCM system will provide granular insights into workforce performance, simplify core HR operations and payroll, streamline talent recruitment activities, and ultimately enhance the overall employee experience at the racing organisation. On the customer side, Oracle Red Bull Racing continues to rely on Oracle Fusion Cloud Customer Experience (CX). The CX solution is intended to provide a more personalised approach to fan engagement, including tailored content, exclusive rewards for members, and programming for fan loyalty. These efforts are part of the team's wider digital and audience engagement strategy. Supporting compliance and success "Speed, innovation, and efficiency are essential for success in Formula One. With Oracle Fusion Cloud Applications, Oracle Red Bull Racing will be able to embrace continuous innovation and AI-powered automation to support its finance and operations and drive even greater success on and off the track," said Steve Miranda, Executive Vice President of Applications Development at Oracle. The implementation of Oracle Fusion Cloud Applications Suite at Oracle Red Bull Racing will be managed by Oracle Consulting, while ongoing operational support will come from Oracle Customer Success Services. The Formula One team has cited the need to better control costs and efficiently manage operational spending due to the sport's strict cost cap rules. The cloud-based approach is designed to provide a consolidated view of data and operations, simplifying compliance efforts and supporting the drive for both competitive and operational gains. Oracle Red Bull Racing anticipates that the migration to Oracle Fusion Applications will aid not only in complying with financial regulations but also in improving the employee and fan experiences throughout the racing calendar.
Newsweek
a day ago
- Automotive
- Newsweek
Sergio Perez Sets Condition on Formula One Comeback Amid 2025 Return Rumors
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Former Red Bull Formula One driver Sergio Perez has set one condition on his potential return to the sport. The clarification arrives amid rumors of his talks with the Alpine F1 team to race this year. Perez has been without a confirmed seat for the future after Red Bull parted ways with him at the end of 2024. However, being an experienced driver with nearly 15 years of premier class experience, the Mexican driver is in no hurry to return to the sport. Setting a criterion, Perez confirmed that he would return to F1 only if a project appealed to him, making it clear that he will in no way agree to a reserve driver role and wait on the sidelines for a full-time seat. Speaking on Desde El Paddock, he said: Sergio Perez of Mexico and Oracle Red Bull Racing arrives at the track during the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on December 8, 2024 in Abu Dhabi, United Arab Emirates.... Sergio Perez of Mexico and Oracle Red Bull Racing arrives at the track during the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on December 8, 2024 in Abu Dhabi, United Arab Emirates. More Song Haiyuan/"The answer is yes, I do want to return, but only if the right project comes along, one where I feel I truly belong or should be. "I don't want to come back at any cost. I'm not interested in traveling around the world as a third driver or just waiting around for an opportunity. "I feel fortunate for the career I've had, and I do want to come back - because I don't want my career to end like this. "But I'm also fully aware that I'll only return if it's truly worth the price you have to pay to be in Formula 1 - 24 races, and an entire life dedicated to the sport." Perez qualifies as a fit for the Cadillac F1 team, which is considering having one experienced F1 driver and one young driver for its debut lineup next year, when it enters the grid as the sport's eleventh team. This could be Perez's chance to be a part of history in the making, especially since the project truly resonates with him. When asked if he would be an advantage for a new team like Cadillac, he said: "Yes, I believe it 100 per cent. If you look at my years with Force India, and then later with Red Bull - pushing the team forward race by race, and eventually becoming a winning team - that's exactly the kind of environment I'm looking for. "A team with that mentality, that unity. For me, that's more important than any trophy or achievement: finding a project where the driver feels truly motivated." Recent rumors suggest that Alpine was in talks with Perez for a 2025 seat. However, the 35-year-old driver has ruled out an F1 comeback this year. He said: "Things are going well, but I think it's still early in the season. "As time goes on, things will become clearer, and I'll be able to make a final decision. "I'm not in a rush - I know I won't be in F1 this year, so we'll see what happens for next year."
TECHx
2 days ago
- Automotive
- TECHx
Oracle Red Bull Racing Adopts Oracle Fusion Cloud Apps
Home » Top stories » Oracle Red Bull Racing Adopts Oracle Fusion Cloud Apps Oracle Red Bull Racing has announced its adoption of Oracle Fusion Cloud Applications Suite. The move is aimed at enhancing productivity, reducing costs, and improving both employee and fan experiences. The team will use Oracle Fusion Applications for finance, human resources, and customer experience. This integrated approach allows Oracle Red Bull Racing to manage operations more efficiently under Formula One's strict cost cap rules. The team reported that it previously relied on manual, spreadsheet-based financial planning. To address this challenge, it needed a single view of its business data. Oracle Fusion Applications now connects its finance, HR, and customer experience data on one platform. Matt Cadieux, Chief Information Officer at Oracle Red Bull Racing, stated that the team is leveraging cloud technologies and advancements in predictive, generative, and agentic AI. These tools are expected to optimize financial planning, deliver faster business insights, and improve resource utilization. Oracle Fusion Cloud Enterprise Performance Management (EPM), a component of Oracle Fusion Cloud ERP, will improve visibility, budgeting, and planning. Meanwhile, Oracle Fusion Cloud Human Capital Management (HCM) will simplify payroll and HR tasks, enhance recruitment, and generate deeper workforce insights. Additionally, the team continues to use Oracle Fusion Cloud Customer Experience (CX) to connect with fans. Features include content personalization, loyalty programs, and exclusive rewards. Steve Miranda, Executive Vice President of Applications Development at Oracle, revealed that the cloud suite will help the team drive efficiency and innovation on and off the track. Oracle Consulting will oversee the implementation Oracle Customer Success Services (CSS) will provide ongoing support Oracle Red Bull Racing emphasized the importance of speed, efficiency, and innovation to stay ahead in Formula One, both technically and operationally.
Newsweek
2 days ago
- Automotive
- Newsweek
New FIA Guidelines Suggest Max Verstappen Should Have Been Banned From Racing
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Red Bull Racing Formula One driver Max Verstappen looks like he escaped a race disqualification for the incident involving George Russell during the Spanish Grand Prix. This was highlighted after the FIA released the stewards' guidelines, released in a bid to encourage transparency. The stewards' guidelines document is meant to educate fans on how they hand out penalties to drivers and teams for offenses committed during race weekends. It highlights the steward's decision-making process, which involves weighing the nature of the incident and levying an appropriate punishment based on the magnitude, intent, and consequences of the incident. However, the document has shed light on the punishment levied on Verstappen for crashing into Russell in the last stage of the Spanish Grand Prix. A late-race safety car forced Red Bull to fit Verstappen's RB21 with hard tires while rival cars ran on medium Pirellis. Second placed qualifier Max Verstappen of the Netherlands and Oracle Red Bull Racing in the Drivers Press Conference during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025... Second placed qualifier Max Verstappen of the Netherlands and Oracle Red Bull Racing in the Drivers Press Conference during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025 in Montreal, Quebec. MoreThe race restart saw Verstappen struggle in a battle for third place with Charles Leclerc as his car struggled for traction. At the end of Turn 1, Russell tried to get past him for the fourth spot. Sensing a collision, Verstappen drove off into the run-off area and rejoined the track in front of Russell. Fearing an incoming penalty for overtaking off the racetrack, Red Bull instructed Verstappen to hand P4 to Russell, which he did under frustration. But before this, Verstappen crashed into Russell as the Briton went for the overtake. The stewards handed the Red Bull driver a ten-second penalty and added three points to his super license. That brought Verstappen's super license points tally to 11, leaving him one short of a potential race ban. The four-time world champion admitted after the race that he made the move on Russell out of frustration, which confirms the deliberate nature of the incident. The stewards' guidelines released by the FIA today suggest that four penalty points should have been added to Verstappen's super license. The punishment for "Causing a collision with apparent deliberate or reckless intent" is a "10 Stop and go, or any time penalty exceeding 30 seconds (or grid place penalty if the driver failed to finish the race)." In addition, four penalty points are added to the driver's super license. Adding four points to Verstappen's super license would have banned him from participating in the following race in Canada. While the reason for issuing three penalty points to the Red Bull driver remains unclear, it highlights that the punishment levied is not in line with the rules mentioned in the stewards' guidelines. Now, it remains to be seen if the FIA will comment on the matter.
Newsweek
2 days ago
- Automotive
- Newsweek
Christian Horner Reflects on 20 Years in F1 as Red Bull Boss
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Red Bull team boss Christian Horner revealed what has changed in Formula 1 over his 20 years in the sport amid the sport's drama and controversies. Horner started with Red Bull from the team's inception, putting together the entire staff and facilities. While he is never shy about speaking his mind, Horner is a proven winner, collecting six constructors' championships and eight drivers' championships. It takes a team effort to have as much success as Red Bull has had. Horner's ability to put together winning racing teams is on the level of other great team principals. Christian Horner, Team Principal of Oracle Red Bull Racing looks on from the pit wall during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025 in Montreal, Quebec Christian Horner, Team Principal of Oracle Red Bull Racing looks on from the pit wall during qualifying ahead of the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 14, 2025 in Montreal, Quebec Photo byWhen he first broke into the sport, some of the most cutthroat people in F1 surrounded Horner and taught him what it takes to win. "When I came into the sport, sitting around the table was Bernie Ecclestone running it with Max Mosley [FIA President]," he told in an exclusive interview. "You had Ron Dennis running McLaren, Frank Williams at Williams, Jean Todt at Ferrari, and Flavio Briatore running Renault. Eddie Jordan was still around when I first started, and they were big personalities and big characters. "Yes, there were always disagreements, but there was a commonality of agreeing on what was right for the business and what was right for the sport, because they were all relatively entrepreneurial. "Whereas nowadays, you look around the room and, save for a few, it's largely a bunch of managers, as opposed to perhaps that entrepreneurial spirit that existed previously. "There were always rivalries; I mean, Jean and Ron never particularly saw eye-to-eye, but there was always respect that, sometimes, I think is a little lacking these days." Horner is known for getting into it with other team principals on the grid, whether it is McLaren boss Zak Brown or Mercedes' Toto Wolff - he never backs down from a fight that helps his team. These conflicts have grown intense over the years, with mudslinging from all parties. The fights grew most intense during 2021, when Horner and Wolff went at it every week. Things haven't cooled down in intensity since then. While Horner highlighted the lack of respect from others, he believed that history remembers winners, not those who receive the most respect. More F1 news: How Lewis Hamilton Made the F1 Movie Production More Expensive For more F1 news, head on over to Newsweek Sports.
