On June 29, Oracle rolled out its second cloud data centre in Hyderabad which will provide support to its enterprise cloud services after its customer demand increased in India. Oracle has planned to operate 36 second-generation cloud data centres or regions by the end of 2020.
The company has launched its Mumbai based cloud region in 2019. Regional MD of Oracle, Shailender Kumar said, “Hyderabad’s data centre launch is part of Oracle’s dual-region strategy. Both our Mumbai and Hyderabad are second-generation cloud regions, helping our customers meet India’s stringent requirements for data privacy and residency. It is aimed at enabling customers to comply with local data-related regulatory compliances and also address operational issues related to operating in multiple countries. Also, customers get an unmatched BCP (business continuity planning) environment spanning two different seismic zones, inter-connected by low-latency Oracle backbone”.
While Oracle’s total revenue has decreased by 6% year on year basis to $10.4 billion in the fourth-quarter ending on May 31, 2020. Its revenue increased by 1% year on year basis to $6.8 billion in its cloud services and licence support segment, in the same quarter.
We have been clocking double-digit growth for the last 5 years, doubling our overall customer base from 7,500 to 15,000 at the same time frame, Shailender Kumar added.
NBFC, Manappuram Finance Limited, earlier this year has given a five-year contract to Oracle for accessing its cloud solutions. Executive Director of Manappuram Finance, Raveendrababu BN said, “With Oracle Cloud, we will gain 2-3x performance improvements over the next 5 years vis-à-vis our current IT setup, while also unlocking 30-40% additional cost savings”.
Suhas Uliyar, Vice President of Digital Assistant, AI & Integration Services, Oracle said, “Oracle is also helping enterprises in India leverage artificial intelligence (AI)-enabled digital assistants in their core business processes. For instance, Bajaj Electricals is using ‘Bajaj Paddy’, an AI chatbot to transform its customer interactions”.
He added, “Most importantly, there are no privacy issues and we can easily comply with the country regulations. All the data resides with our customers and we are not using customers’ data to train our models”.