Oracle: India Inc moves core processes to cloud: Oracle

MUMBAI: Growth in Oracle’s cloud business (Oracle Cloud Infrastructure OCI) is growing at almost double its global growth rate in India. cloud consumption for OCI The company’s chief on Wednesday reported a 125% growth in India in the first half of fiscal 2023 compared to the corresponding half of the previous fiscal year.
“India is on the trajectory of a cloud leap. “We’re now seeing core systems moving to the cloud as opposed to the edge moving to the cloud,” he said. Chris ChelliaOracle’s senior vice president of technology and customer strategy for Japan and Asia Pacific told TOI on the sidelines of the Oracle Cloud Summit.
Oracle, which serves verticals ranging from banks’ payment infrastructure to utility management systems to India’s largest telecom systems, says cloud is now mainstream here. Tata Motors, for example, moved all of its dealership management systems to Oracle’s cloud infrastructure. “Extensive and long-term partnerships are on the cards with big names in the public sector,” Chellia added.
India is also leading the way in adopting the multi-cloud trend. Multi-cloud refers to companies that go for multi-cloud deployments from multiple cloud providers. According to the results of a survey by OCI and 451 Research released on Wednesday, 98% of surveyed enterprises in India use or plan to use at least two cloud infrastructure providers, while 33% use four or more. Data sovereignty and cost optimization have emerged as key drivers for Indian enterprises to adopt multi-cloud strategies.
Today, Oracle has 41 data centers (called “cloud regions”), including two in Mumbai and Hyderabad in India. That’s expected to reach 50 by the end of the calendar year, Chellia said. “In 2019, we had just one globally, and today we have 41, and that shows the rate of growth,” he added. Oracle employs 45,000 business, support and development professionals in India, while globally the tech giant employs more than 120,000 people. “We develop, run and support [products] here,” Chellia said.

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