5 min
The clean, austere premises of the Oracle building in Bengaluru reminds one of a federal institution -- picked out straight from a dystopian Hollywood film. But in this case, they have even stricter security checks -- more so than most airports. When we joked about it with their CorpComm manager, he told us seriously that it was inevitable because Oracle deals with one of the most precious things in the world -- data.
Data is becoming more and more essential to every form of transaction -- online as well as offline, for individuals as well as businesses. That's why it is not a far-fetched idea when the Indian Prime Minister Narendra Modi called it the new "wealth" at the recently-concluded World Economic Forum meet.
Analytics India Magazine took a look at the inner workings of Oracle, one of the fastest growing cloud companies in the world. We caught up with Subash Nambiar the vice president of Cloud Platform at Oracle India.
A famous perfectionist, Nambiar is used to working on things relentlessly until he gets them just right. We settled in his plush office, which proudly displayed his achievements and trophies, over a cup of hot Boost. A drink of his choice? Yes, he said. It reminded him of the "good old days".
We began our conversation with Cloud Platform -- a network of remote servers hosted on the Internet which are used to store, manage, and process data in place of local servers or personal computers.
Can you throw light on some of the major trends that are shaping the IT industry?
Emerging technology paradigms like AI, ML, Blockchain, IoT are redefining IT as we know it. Digital transformation is now recognised as a business imperative, and I believe cloud is the foundation for digital. Therefore, businesses have no choice but to move to the cloud sooner rather than later.
Cloud computing services in India is projected to grow at a CAGR of over 22 percent during 2015-2020. The spending on cloud services will touch $1.9 billion by 2019.
Please elaborate on the drivers of cloud in India, especially IaaS
With more and more Indian companies looking to transform into digital-first businesses, the move to cloud is becoming increasingly appealing. Indian companies are more bullish on cloud than some of their peers in other APAC markets. The explosive growth in Cloud in India indicates that enterprises are moving away from building their own on premises infrastructure, as well as migrating from the traditional software licensing model, to a SaaS model served up by cloud providers. Growing demand from increasing number of SMBs and the government’s efforts to digitalise the economy creates remarkable potential for the IaaS market in India as well as the entire APAC region.
Infrastructure as a Service (IaaS) is evolving as the fastest cloud offering and businesses are rapidly embracing cloud infrastructure to boost performance. Those resisting the move, need to start challenging the perceptions holding them back, because the longer they wait, the further ahead their competitors will pull.
What’s the best cloud model for an enterprise?
Despite research firm Forrester predicting that half of large enterprises will be running production workflows in the cloud by 2018, it is obvious that many companies still lack a clear, long term cloud strategy. Where should you start?
There’s no ‘one size – fits all’ approach to cloud. It depends on where an organisation is in their digital journey. In India, especially with large enterprises who have legacy IT infrastructure, we’re increasingly seeing a hybrid approach at play, with them moving workloads in a phased manner.
What according to you are the key factors to consider when a company is contemplating cloud?
I think it’s important for every enterprise to have a clear objective and roadmap for cloud. Because, the transition to the cloud is a journey in itself. It's important to clearly define the objectives and outcomes that an organisation wants to achieve from its cloud journey. A simple four step approach can work wonders.
- Focus on business outcomes and governance
- Settle on an approach. Then resource and organise accordingly
- Avoid transformation fatigue
- Create internal advocates to drive change
- Over three-quarters of respondents (77 percent), believe IaaS makes it easier for businesses to innovate.
- 78 percent of businesses believe IaaS delivers exceptional operational performance in terms of speed and availability, showcasing a 19 percent quarter-over-quarter increase.
- Nearly three-quarters of the respondents (70 percent) observed that their organisation experienced improved productivity from their migration to cloud, and just under two thirds (62 percent) noted that their IT teams have greater scope to work on other value-adding projects.
- Nearly three-quarters of businesses (71 percent) believe that companies not investing in IaaS will struggle to keep up with those that are using it.
- Moving to IaaS has significantly cut time to deployment of new applications and services and slashed maintenance costs for over two-thirds of respondents (74 percent).
- In the digital economy, cloud is the only way to succeed. So it’s high time for organisations still dilly-dallying to begin their cloud journey if they haven’t started still.
- The hype around Blockchain will make way for more practical use cases and solutions being piloted and deployed by customers across sectors (beyond just BFSI).
- Chatbots will become more mainstream.
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