As the co-CEO of Oracle Corporation, a global technology company that offers software and cloud-based services, Safra A. Catz is a well-known business leader. Her observations frequently touch on how companies can use historical data and experiences to inform their future choices.

Catz stressed the value of utilizing historical data to forecast and comprehend future trends in one of her speeches or interviews. She maintained that this strategy applies to many other departments within a business, including enterprise resource planning (ERP), and is not just restricted to sales and marketing. Accounting, purchasing, inventory control, and human resources are among the fundamental business functions that ERP systems oversee.

Catz's argument is comparable to using a map from clear skies to guide a ship through hazy waters. Businesses can use historical data to inform their current decisions, much like sailors use old maps to navigate current conditions. Businesses can save money by making better informed procurement decisions or forecast employee success based on past recruitment results by examining what has worked in the past and finding trends.

This insight emphasizes how important a long-term outlook is for business strategy. It motivates businesses to spend time learning about their past, which can improve resource allocation and future strategic planning. Catz's message is essentially about utilizing historical data to better anticipate and manage obstacles.