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Witnessing double-digit growth in India for past 3 years: Oracle
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Top Stories |
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SME Times News Bureau | 12 Dec, 2018
Cloud major Oracle, which is seeing high demand in the Banking,
Financial Services and Insurance (BFSI), telecom and manufacturing
sectors in India, has witnessed double-digit growth in the country for
the past three years, a top company executive has said.
Start-ups and small and medium businesses (SMBs) are fast adopting Oracle's Software-as-a-Service (SaaS) in the country.
"We
are seeing double-digit growth (on an average) in the country. In fact,
that's both in our NetSuite business as well as our enterprise
business.
"The India Cloud business is really booming. Overall,
the double-digit growth has been there for the last three years in the
country, which has been the best-performing region in the Asia-Pacific
for us," Shaakun Khanna, India SaaS GTM Lead, Oracle, told IANS in an
interview.
The company competes with major Cloud players like
Amazon Web Services (AWS), Google Cloud Platform and Microsoft Azure and
provides services such as SaaS, Platform-as-a-Service (PaaS) and
Data-as-a-Service (DaaS).
According to Oracle, as a corporation, the firm is on track to become the top SaaS company in the world.
The
company offers innovative and proven Cloud suite of SaaS applications
that enable customers to transform their business with the latest
intelligent technologies such as Artificial Intelligence (AI) and
Machine Learning (ML).
"From a perspective of completeness of our
enterprise applications, there's no one who can compare with us. So,
that's pretty much our objective and vision in India as well," Khanna
added.
According to the company, going "autonomous" gave it an edge over rivals in the country.
Larry
Ellison, Co-Founder and Executive Chairman of Oracle, in October
unveiled the second generation Oracle Cloud with autonomous
capabilities, improved security and upgrades for enterprises at the
company's annual user conference "Oracle Open World 2018" in San
Francisco.
According to Khanna, autonomous is probably the
biggest thing because, with autonomous, the ability to engage
technologies like AI, ML, UI-UX, is there.
"I think the other
advantage is our diversity, because if you look at it, we are the only
company of our stature in the world that has everything -- it's not just
the applications that are ours, the hardware, the infrastructure, the
database, everything is Oracle," Khanna noted.
The Oracle
Autonomous Database now has the capability to automatically scan for
security threats and apply security updates while running to help
prevent cyberattacks and data theft.
"If you look at the way
Oracle built its first set of Cloud infrastructure is very similar to
how Google built it, how Amazon built it, how Microsoft built it, almost
everyone built it and we are doing exactly the same.
"Larry and
the other founders who started Oracle -- they were working for a CIA
project and then they came out and started Oracle. So we understand
security from our DNA," said Mitesh Agarwal, Vice President, Key
Accounts, Oracle India.
"Almost all of our competitors have never
managed to move an enterprise workload to the Cloud -- not a single one
of them. They all have peripheral applications that have moved to the
Cloud. That's still only about 5-6 per cent of the workloads in the
world," Agarwal informed.
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