2022 in Review: Oracle
The pandemic brought with it several disruptions in the way business was conducted. However, perhaps most importantly, it brought about an unprecedented digital transformation plan wherein cloud infrastructure prevailed as a pillar for businesses as part of their digital transformation initiatives. Consequently, Oracle Cloud—one of the veterans in the domain—also made headlines for several reasons throughout 2022. Analytics India Magazine caught up with Kapil Makhija, Vice President-Technology (Cloud), Oracle India, to understand the year they have had alongside notable latest developments and their roadmap ahead. What worked for Oracle in 2022? Recently, Oracle announced a cloud-native platform to aid first responders and law enforcement with real-time information assessment and objective decision-making. In addition, the suite of services added public safety to the list of public-sector system upgrades becoming possible through the adoption of 5G and cloud-native technology. Makhija said that Oracle majorly focused on customers during the year in addition to hiring and training people about the cloud landscape. This was not solely restricted to Oracle employees but also to their clients, partners, and students. Cloud offers business continuity and disaster recovery (DR) support, which has proven to be essential for organisations seeking to leverage it for their workloads. In addition, moving to a data-driven world has not only become useful for companies but also successfully adds a layer of security. Growth numbers Strengthening its position as one of the world’s fastest-growing cloud providers, Oracle defied any notion of restrained customer demand as their Q2 cloud revenue soared by 43% on robust growth across all segments of its broad cloud business. Cloud has become the primary enabler of efficient innovation for businesses across sectors. The year helped reiterate the same, with research suggesting that the worldwide enterprise spending on cloud infrastructure services reached $57.5 billion in the third quarter of 2022. Another research also suggested concurrently that the global end-user spending on cloud services is anticipated to grow 20.7% to a total of $591.8 billion in 2023. With Oracle Cloud Infrastructure (OCI) strong contribution, during the Q1FY23 (June–August), the company witnessed strong growth on the cloud front and received a 25% growth QoQ. In India, Oracle’s cloud business has been well received. As a result, OCI has been able to post 100% growth for the third year in succession. “We have been growing in triple digits in India, with demand from private as well as public sector enterprises. India is the second largest centre for us, and we are extremely thankful to our customers and partners for their continued support,” said Makhija. What to expect in 2023? Discussing the plans for the upcoming year, Makhija said, “We understand the value of giving options to our customers and the latest ‘Oracle Alloy’ is aligned with the same objective.” Considering the various cloud trends and their value, most businesses have realised the importance of it while some still struggle to rely fully on it. For example, one of Oracle’s customers—an IT services firm—has expressed plans to have a zero data centre policy in the next three to four years. Through the company’s latest launch, Oracle aims to lay out a choice for service providers, integrators and ISVs along with other organisations to become cloud providers. Furthermore, Oracle seeks to customise the experience in accordance with markets and verticals. Makhija further added that, “Cloud University programmes can also be leveraged to onboard, train as well as certify various providers as they plan to move towards Oracle Alloy. We are in conversation with many businesses who see the potential of cloud alloy and we foresee this to be an imperative offering going forward.”
Oracle’s cloud revenue soared 43% on robust growth across all segments.
Oracle defied any notion of restrained customer demand as their Q2 cloud revenue soared by 43% on robust growth across all segments.
["OCI", "Oracle"]
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["AI", "analytics", "Aim", "RAG", "R", "Go", "Git", "API", "GAN", "digital transformation"]
Tasmia is a tech journalist at AIM, looking to bring a fresh perspective to emerging technologies and trends in data science, analytics, and artificial intelligence.