Cloud Adoption Among Indian Enterprises
In the last couple of years, we’ve seen a quicker rate of cloud adoption by Indian enterprises. One notable trend is that the extent of their cloud usage and the breadth of cloud services they consume has also evolved and grown. Indian enterprises have realized that, in the digital economy, a cloud-first approach has become a prerequisite for accelerating innovation and enhancing customer experience. Per an IDC report, half of the enterprises in India will be operating in a hybrid multicloud environment by 2021. The current challenging situation has further led to faster cloud adoption in India.
As the saying goes, well-begun is half done. So, everything starts with making the right cloud choice. However, making the right cloud choice can sometimes be tricky for an organization, given their already existing IT setups, complex processes cutting across multiple departments, quite a few cloud providers to choose from as well as the complexity of hybrid IT setups. In such a scenario, opting for a cloud provider that offers a converged platform approach for cloud adoption could benefit organizations in the long run. A high performant cloud infrastructure foundation can help organizations focus on their core business and change growth orbits faster.
Oracle is the only enterprise-grade cloud provider offering an end-to-end cloud proposition to customers - from IaaS, PaaS to SaaS. Further, we fully understand and appreciate the fact that many of our customers might be at different stages of their cloud journey. We’ll continue to collaborate closely with them and help them move to the cloud at their own comfort and pace, while helping them protect their legacy technology investments.
One of the ways we’re helping customers advance in their journey to the cloud is by empowering them with cloudadjacent technology, with Oracle Cloud at Customer offerings, which offer the exact same public cloud like experience to customers-including superior cost benefits, but within their own premises, behind their own firewall. In effect, with Oracle Cloud at Customer, customers can access our complete portfolio of public cloud infrastructure, take advantage of our fully managed cloud services, and consume Oracle Fusion SaaS applications from within their own datacenter. Oracle Cloud at Customer offering enables customers to run applications faster, while lowering costs, by using the same high-performance capabilities as well as autonomous operations, plus benefit from the low-cost subscription pricing that’s available to our public cloud infrastructure customers. Further, customers get to maintain complete control of their data, complying with data sovereignty, security, connectivity and such regulatory requirements.
“Oracle Exadata Cloud at Customer helps organizations move straightaway to an OPEX IT model, thus significantly reducing their operational costs”
Why is Oracle Exadata Cloud at Customer finding resonance with customers, especially in regulated industries?
Oracle Exadata Cloud at Customer is an ideal proposition for customers looking for cloud benefits but are constrained to move their databases to a public cloud infrastructure due to a variety of reasons such as regulatory requirements/ data residency policies/industry regulations, or corporate policies, security necessities, or network latency. Some organizations might also find it impractical to separate and move databases away from other tightly coupled on-premises IT setups.
Oracle Exadata Cloud at Customer helps organizations move straightaway to an OPEX IT model, thus significantly reducing their operational costs. With Oracle Exadata Cloud at Customer, organizations can access almost all of our enterprise-grade data management cloud services, including our flagship innovation - Oracle Autonomous Database, the world’s first and only self-driving, self-repairing and self-securing database. It enables them with more agility, scalability and elasticity without adding to their costs and complexities.
Per an IDC study, Oracle Exadata Cloud at Customer optimizes database performance, reduces operational costs, and contributes to better business results. Businesses have been able to realize 256% growth in business returns and many of then have realized the investment costs in six months. There has also been a significant impact on reduction in operational costs with 47% reduction in total cost of operations over five years.
One of the largest asset management companies in India, was running their customized fund management applications used to service their customers across various portfolios, on ageing hardware. By moving to Oracle Exadata Cloud at Customer, the organization witnessed a smooth transition with minimal disruption to their operations. Another example is that of the auto finance division of one of India’s leading conglomerates, offering loans for purchasing small consumer vehicles. They were running key workloads such as automated cheque handling, computerized loan accounting, instant eKYC etc on hardware that came up for refresh, which also ran their core lending application. By moving to Oracle Exadata Cloud at Customer, the organization achieved the flexibility of cloud and scalability on-demand, with advanced security.
Cloud Computing in the Future
Different industries - and even different organizations within each industry - are at different stages of maturity in their digital/cloud journey. While cloud at an overall level offers a viable proposition to organizations across the board, it’s imperative to make the right cloud choice. A recent Nasscom report forecasts that the Indian cloud computing market is currently valued at $2.2 billion, and is expected to grow at 30 per cent y-o-y to reach $7.1 billion by 2022. Cloud is certainly the way to go.