March 16, 2023
2 mins read

‘Tremendous opportunity for Cloud in India’

According to Nasscom, 53 per cent of enterprises have increased their cloud adoption over the last one year …reports Nishant Arora

As Cloud gets mainstream, Indian organisations of all sizes will increasingly demand in coming years that various cloud solution providers operate with one another-be it a multi-cloud or hybrid cloud environment, a top Oracle executive said on Wednesday.

Shailender Kumar, Senior Vice President and Regional Managing Director India and NetSuite JAPAC, told IANS that in India’s ‘Techade,’ businesses and workloads are becoming more complex and the way technology is utilised is changing at a rapid pace.

“As agility, scalability and optimisation remain top business priorities among customers, the efficacy and demand for multiple clouds will only expand. There is tremendous opportunity for Cloud in India. the market is rapidly expanding and both private and public sector stakeholders are becoming more open to embracing new, emerging technologies,” Kumar, an industry veteran, emphasised.

According to Nasscom, 53 per cent of enterprises have increased their cloud adoption over the last one year and 84 per cent of large organisations have adopted software-as-a-service (SaaS).

“In the coming years, organisations will increasingly demand that their various cloud solution providers operate with each other, whether it is a multi-cloud or hybrid cloud environment – so they can achieve operational efficiency and provide the best customer service,” Kumar noted.

Oracle India continues to be a significant growth engine for the third year in a row, with the Oracle Cloud Infrastructure (OCI) unit growing by more than 100 per cent.

“Our SaaS business grew rapidly, and the portfolio remains in high demand across Fusion ERP, HCM, or CX solutions. We are closing ground-breaking deals and making inroads into new industries,” Kumar told IANS.

The company sees enormous opportunities in dominant sectors like telecom, public sector and BFSI sectors.

However, new sectors like manufacturing, e-commerce/retail, healthcare, edtech and startups are also providing a great impetus.

“We will continue to prioritise innovation that provides business value to our customers, as we focus on multi-cloud, hybrid cloud ecosystems, and new, modern applications to bring cloud to more and more businesses in India, including PSUs and companies operating in regulatory markets,” said Kumar.

The future is multi-cloud as customers require flexibility and want hyperscalers to collaborate and build well-integrated cloud ecosystems, he added.

ALSO READ: Meta fires 10K more employees, shuts 5K open roles

Previous Story

Why is sleep necessary?

Next Story

Samsung eyes competitive edge with chip investments

Latest from -Top News

PM Modi Welcomes Microsoft’s Bold Plans

Satya Nadella expressed his gratitude to the Prime Minister for his visionary leadership….reports Asian Lite News Prime Minister Narendra Modi expressed his appreciation for Microsoft’s ambitious expansion and investment plans in India

Ex-Indian Envoy Questions Hasina Arrest Warrant

The warrants pertain to two cases involving accusations of extrajudicial killings and enforced disappearances….reports Asian Lite News After the International Crimes Tribunal (ICT) issued a second arrest warrant against former Bangladesh Prime

Kim Warns Pacific Rivals With Hypersonic Arsenal

Kim highlighted that the missile’s development is intended to bolster North Korea’s nuclear deterrence, describing it as a “cornerstone of strategic defense….reports Asian Lite News North Korea has claimed its new hypersonic
Go toTop

Don't Miss

CPC: An anti-Indian bid to ruin US ties

Experts in India allege that not just Pakistan, even People’s

DAILY BRIEF: Opposition tears into Centre as Pakistan set to get $1 bn disbursement

DAILY NEWS: A quick look at South Asian stories that