The Oracle Lifecycle Management (OLM8) component of Oracle Banner is a software suite developed to support the lifecycle management of a database and its associated infrastructure. OLM8 provides features such as database cloning, application patching, database performance management, database storage optimization, database security, and database change management. It also integrates with multiple solutions, such as Oracle Enterprise Manager, Oracle WebLogic Server, and Oracle Fusion Middleware. With OLM8, users can automate the processes of provisioning, configuring, patching, and maintaining Oracle databases, making them easier to manage.