December | 2018
The rapid pace of technological advancements and ever-changing consumer expectations have resulted in intense competition in all industries. To ensure success in today’s digital marketplace, organizations seek a paradigm shift in how they run their businesses. This calls for the creation of revolutionary business models and processes that can open new revenue streams. In this scenario, organizations need to look at Cloud not just as an IT tool, but as an enabler of business change.
After over a decade of cloud evolution, it isn’t surprising to see enterprises warming up to broader adoption. This is fueled by the fact that the might of top technology organizations is behind cloud and scores of smaller, but aggressive, players have sparked price wars bringing costs down.
However, according to analyst studies, only about 10% of enterprises have shut down their traditional data centers. The reason for this caution is easy to guess. Cloud technology was not explicitly designed for the enterprise!
But that is changing. In the coming years, the cloud industry report card is going to look very different. According to the latest forecasts, over 75% of enterprises will shut down their traditional data centers in the next 10 years. And leading the change into the bullish future is Oracle with its Gen 2 Cloud service.
Oracle’s purpose-built Gen 2 Cloud services are designed with three distinct enterprise-friendly featuresi:
But the larger picture is even better. Cloud gives a quick boost to the transformation programs of an enterprise through:
While the end goals of the three companies were different, Oracle made the transformation more secure, reliable, efficient and cost effective, eliminating the decades-long tentativeness enterprises have shown for migrating from on-premise to cloud.
Endnote
i.https://www.oracle.com/corporate/pressrelease/oow18-larry-ellison-keynote-102218.html
Ravi Purohit
VP & Global Head, Oracle Service Line, Modern Application Services, Wipro
Ravi brings about 22+ years of strong expertise and experience in IT service delivery, domain, technology, and industry. He is a certified Six Sigma black belt, and has deployed several Six Sigma techniques for global clients. He has been a speaker at leading industry forums such as NRF, GMA, Oracle Open World and CII forum. He holds an MBA from IIM Bangalore and a Bachelor’s degree in Electrical Engineering from IIT Kharagpur.
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