After spent more than seven months in uncertainty about the pandemic-induced lockdowns, there has been an uptick in market sentiment in India and a large number of small and medium-sized enterprises ( SMBs) and startups are now turning to Oracle’s second-generation cloud technology for high performance and expansion, said Oracle India’s top executive on Saturday.
New Delhi, After spent more than seven months in uncertainty about the pandemic-induced lockdowns, there has been an uptick in market sentiment in India and a significant number of small and medium-sized enterprises ( SMBs) and start-ups are now turning to Oracle’s second generation cloud technology for superior efficiency and expansion, said Oracle India’s top executive on Saturday.
From a global business standpoint, most companies are now more than ever willing to turn themselves into digital first-time enterprises.
As per Shailender Kumar, Regional Managing Director, Oracle India, there is an rise in demand for cloud services from companies of all sizes, not only to respond to the present crisis, but also to plan for the digital future.
“Buoyed by increasing Cloud demand and helping to boost disaster recovery and regulatory enforcement, we make our second local cloud region accessible to clients only a few months back. Our cloud sector is expanding well and is on track,” Kumar said to IANS.
The new Nasscom study estimates that the Indian cloud computing industry is currently estimated at $2.2 billion and is projected to grow by 30% (year-on-year) to $7.1 billion by 2022.
Nearly 50 million SMBs and start-ups in the country have a crucial role to play in the implementation of the cloud.
“Many of these SMBs include RXIL, ARCIL, Lipi Data Systems, SImeio, Hyreo, Aindra Systems and Gnani. AI, among others, which switched to Oracle Cloud,” Kumar said.
Another main driver of Oracle’s development in the country is independent application providers (ISVs).
Industry experts expect ISVs to play a significant role in helping companies accelerate / expand cloud adoption.
“As a trend, we are already seeing expanded cloud use led by ISVs providing their cloud-based SaaS services to their Oracle Cloud Infrastructure (OCI) customers,” said Oracle Executive.
Through switching to OCI, a range of ISVs are now gaining extreme performance, a robust edge to core protection and a superior cloud economy, which in turn greatly benefits their consumers.
Jocata is a Hyderabad-based fintech firm that lets financial institutions operate smoothly by reducing overheads, automating procedures and maintaining compliance against the backdrop of highly challenging customer demands and complex regulatory requirements.
“By switching to OCI, we overcome these difficulties and clocked up 40% better system performance, improved security and substantially better TCO (total cost of ownership), along with better support,” Sundari Vedula, CTO, Jocata, told IANS.
Bengaluru-based IBS Infotech, a medium-sized firm, provides treasury risk management solutions.
“We have chosen OCI for its enterprise-grade features such as high quality, ease of migration, advanced security , high scalability and autonomous capability,” said CM Grover, MD and CEO of IBS Infotech.
“Further, Oracle’s Bring Your Own Licensing (BYOL) functionality helped us dramatically save on licencing costs. As a result, we’ll be able to support our ‘Internet Treasury’ consumers understand more value and faster results,” he said.
Oracle said that it has operated closely with consumers to help them keep their companies up and going, helping them respond quickly to the various challenges they may encounter in the current difficult situation.
“In fact, we have provided consumers with free access to online learning and certification, as well as a free HR tool to help keep their employees safe,” Kumar said to IANS.
The company also offered free Oracle Cloud Infrastructure (OCI) loans to startups under the ‘Oracle for Startups’ scheme, Kumar said.