For a beginner many questions may come to his/her mind. To help understand few of the general concepts I have pen down the following:
1. What is/are Oracle Application(s)?
A) Oracle applications are software modules designed, developed to track large scale enterprise/organizations day-to-day activities. (Large scale industry examples: Manufacturing companies, Oil industries, Rail/Road/Airways, Service industries etc).
2. Which software modules are available in Oracle Applications?
A) Oracle Apps are primarily categorized as
1) E-Business Suite
2) Fusion Applications
Note: Apps is short for Applications
3. What is E-Business Suite?
A) E-Business Suite is integration of various software product families mentioned below:
1) Oracle Financials
2) Oracle Human Capital Management (HCM)
3) Oracle Supply Chain Management (SCM)
4) Oracle Projects
5) Oracle Procurements
6) Oracle Customer Relationship Management (CRM)
Initially Oracle E-Business Suite was started with only Financials product family in the year 1987. In the later years it has evolved into above mentioned 6 product families and some e-lite/edge products. E-Biz Suite has got various releases till date and current release in market is R12.1.1.
Note: E-Biz Suite is short for E-Business Suite
4. What are Fusion Applications?
A. Oracle acquired many companies (PeopleSoft, Siebel CRM, Demantra, Agile, G-Log, Logical Apps, etc) from beginning of 2000 and integrated with Oracle E-Business Suite. With this strategy Oracle was gaining acquisitioned products customers and same time selling acquired products to existing E-Biz customers. To capture new customers and to retain the leadership in the ERP world, Oracle started developing Next-Gen Applications called Oracle Fusion Suite/Applications with best of breed of all existing applications and new framework ADF. At present it is being developed in Oracle development centers across the globe. Its initial release would be Fusion V1 and comes in 46-50 modules approximately. Some of the module names in V1 are Distributed Order Orchestration, Financials etc.
http://www.oracle.com/us/products/applications/fusion/index.html
http://www.oracle.com/us/products/applications/fusion/index.html