Hyderabad gains second Oracle cloud data center after Mumbai
Category: #tech  | By Nikita Chaurasia  | Date: 2020-07-01 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Hyderabad gains second Oracle cloud data center after Mumbai

American multinational computer technology corporation, Oracle has recently made it to the headlines post launching its second cloud data center in Hyderabad in a bid to support increased cloud services demand.

For those uninitiated, Oracle launched its first cloud data center in Mumbai in the year 2019. Oracle is aiming to operate 36 second-generation cloud data centers before the end of 2020, claim sources.

Oracle has reportedly claimed India to be the best performing region in Japan and Asia-Pacific region owing to double digit growth for the last 5 years.

The launch of its second cloud center made India join the elite list of countries like US, Australia, Canada, South Korea, Japan, and the European Union having multiple Oracle cloud regions which enhances disaster recovery strategy.

Regional MD of Oracle India, Shailendra Kumar, said that the newly launched data center is part of Oracle’s dual-region strategy. Both Indian cloud centers are second generation cloud regions, helping customers meet the country’s strict regulations for data privacy and residency.

If reports are to be believed, Oracle’s total revenue dipped by 6% amounting to $10.4 billion. However, cloud services and license agreement fragment grew by 1% amounting to $6.8 billion.

In early 2020s, Oracle penned down a five-year contract with Manappuram Finance Ltd, leading non-banking financial company, to deliver its cloud solution. Executive Director of Manappuram Finance, Raveendrababu BN claimed that the use of Oracle Cloud will result in 2-3x performance improvements over the next 5 years, and offer 30-40% additional cost savings.

Oracle is helping enterprises to enable artificial intelligence (AI)-supported digital assistants in their business processes. Also, privacy isn’t compromised, and they easily comply with country regulations. The data stays safe with the user and it is not used in training the models.

As per trustworthy sources, Oracle opened 20 Cloud regions in the past year and currently operates in 24 regions globally - 16 commercial and six government which experts cite as the fastest expansion by any major cloud provider.

 

Source-

https://www.livemint.com/companies/news/oracle-sharpens-focus-on-india-with-new-cloud-data-centre-in-hyderabad-11593412763135.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Dr. Reddy’s becomes India’s second biggest drugmaker by sales

Dr. Reddy’s becomes India’s second biggest drugmaker by sales

By Nikita Chaurasia

Dr. Reddy's Laboratories Ltd. and Cipla Ltd. surpassed Aurobindo Pharma to rank as the 2nd and 3rd largest drug manufacturers in India by sales in the three months that ended on September 30. This was the first change in the pecking order of the ...

UK’s business confidence drops to its lowest point since 2009

UK’s business confidence drops to its lowest point since 2009

By Nikita Chaurasia

According to recent data, business confidence in the UK dropped to 18% in October, which was its lowest level in at least 13 years. In contrast, however, net balances of confidence stood at 28% in June and 56% in February, according to Accenture and ...

Attero aims to increase recycling capacity, plans for IPO in 2025

Attero aims to increase recycling capacity, plans for IPO in 2025

By Nikita Chaurasia

Attero Recycling, a firm that recycles electronic waste, is aiming to launch an initial public offering (IPO) in 2025, according to its Co-Founder and CEO Nitin Gupta. As per Gupta, the company is currently debating whether to list its shares in I...