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SMBs, startups ride on Oracle Cloud to weather pandemic
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SME Times News Bureau | 31 Oct, 2020
After spending over seven months in uncertainty around the
pandemic-induced lockdowns, there has been an uptick in business
sentiment in India and a vast number of small and medium businesses
(SMBs) and startups are now turning to the Oracle second generation
cloud infrastructure for high performance and growth, a top Oracle India
executive said on Saturday.
From an overall market perspective, most organisations are keen now more than ever to transform into digital-first businesses.
According
to Shailender Kumar, Regional Managing Director, Oracle India, they are
seeing increased demand for Cloud services from organisations of all
sizes to not only weather the current crisis but also be prepared for a
digital future.
"Buoyed by rising Cloud demand and to aid better
disaster recovery and regulatory compliance, we made our second local
cloud region available to customers just a few months ago. Our cloud
business is growing well and is on the right track," Kumar told IANS.
A
recent Nasscom report forecast that the Indian cloud computing market
is currently valued at $2.2 billion and is expected to grow at 30 per
cent (year-on-year) to reach $7.1 billion by 2022.
Nearly 50 million SMBs and startups in the country have a key role to play in the Cloud adoption.
"Some
of these SMBs include RXIL, ARCIL, Lipi Data Systems, SImeio, Hyreo,
Aindra Systems and Gnani.AI, among others, which have turned to Oracle
Cloud," Kumar said.
Another key growth driver for Oracle in the country is independent software vendors (ISVs).
The industry analysts expect ISVs to play an important role in helping organisations to accelerate/expand cloud adoption.
"As
a trend, we're already observing increased cloud usage driven by ISVs
delivering their cloud-based SaaS offerings in turn to their customers
on the Oracle Cloud Infrastructure (OCI)," the Oracle executive
informed.
By moving to OCI, a number of ISVs are already gaining
extreme performance, robust edge to core security as well as superior
cloud economics, which in turn is benefiting their customers
significantly.
Jocata is a Hyderabad-based fintech company that
helps financial institutions run smoother by reducing overheads,
automating processes and ensuring compliance against the backdrop of
increasingly demanding consumer needs as well as complicated regulatory
requirements.
"By moving to OCI, we overcame these challenges
and clocked 40 per cent better application performance, achieved better
security and significantly better TCO (total cost of ownership), along
with better support," Sundari Vedula, CTO, Jocata, told IANS.
Bengaluru-based IBS FINtech, a mid-size company, offers treasury risk management solutions.
"We
selected OCI for its enterprise-grade features such as superior
performance, ease of migration, advanced security, high scalability and
autonomous capabilities", said CM Grover, MD and CEO, IBS FINtech.
"Further,
Oracle's Bring Your Own License (BYOL) feature helped us save
significantly on license costs. As a result, we'll be able to help our
'Treasury on cloud' customers realise more value and faster
performance," he added.
Oracle said it has worked closely with
customers to help them keep their businesses up and running, helping
them quickly respond to different challenges they may be facing during
the current challenging situation.
"In addition, we've enabled
customers with free access to online learning and certification, as well
as a free HR tool to help keep their employees safe," Kumar told IANS.
The
company has also provided free Oracle Cloud Infrastructure (OCI)
credits for startups part of �Oracle for Startups' programme, Kumar
said.
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