Oracle Corporation (NYSE:ORCL) is gearing up to get a pie of the cloud business worldwide by closing the gap between cloud giants: Google Cloud, Microsoft Azure, and Amazon Web Services. It plans to penetrate deep into a hybrid, public, and private clouds. To augment its Oracle Cloud Infrastructure Business, the company plans to add up to 2,000 new jobs in cloud operations, software development, and business operations. It would also indulge in product innovations and expanding cloud regions worldwide.
Increase cloud foothold at national level
As many businesses are foraying into digital transformations, Oracle, a small player in the cloud business, could get a foothold at the national and regional levels. According to Executive Vice President of Oracle Cloud Infrastructure, Don Johnson, the penetration is still less than 20% in the cloud. It is still in the nascent stage because several businesses are just moving mission-critical loads to the cloud.
Oracle, with its ambitious growth plans and aggressive hiring, is gearing up to provide the customers with robust security, high performance, and high reliability as they embrace the cloud.
Delivering enterprise applications
According to Oracle, it is the only cloud infrastructure firm to support customers with enterprise applications that are economical and offers a competitive advantage in extending the applications to meet the growth.
Inaugurates 12 New Gen 2 Cloud Regions
Oracle has inaugurated twelve Gen 2 cloud regions in 2018. It currently maintains 16 areas across the world. Oracle is adding more regions at a fast pace when compared to its peers. However, it has to add a lot more regions to get on par with Microsoft, Amazon, and Google. The company would strengthen its global footprint to 36 by adding 20 more regions by the end of the next year.
Working to ensure compliance
As the cloud operations span the nations worldwide, Oracle is putting in efforts to ensure compliance with the laws specific to each country for its customers. It helps the customers to ensure the safety of the data. The measures offered to protect the data include disaster recovery and allows the customers to store the data in-region or in-country.
In February 2019, Google announced plans to pump in funds worth $13 billion to expand the existing data centers/ build new data centers mainly, in Texas, Ohio, Nevada, Nebraska, Virginia, South Carolina, Oklahoma, in the US.