Cloud transformation for all: How highly regulated organisations can leverage Oracle to start their digitization
Cloud has become the base for all innovation and has brought about many benefits to organisations across sectors including business resilience. However, there are still some organisations reluctant to accept cloud. One such primary reason behind the hesitance is data residency requirements of businesses in highly regulated industries across the world. As much as organisations would want to explore cloud, the process is hampered given the sensitivity of the data and the fear of breaches.
For this, a cloud provider is required who offers security, transparency about the location of data storage and offering in-country data security protocol compliance. Oracle Cloud aims to do just that with its 38 global cloud regions. The cloud provider is adding new regions at a pace that is twice as much as other providers. The goal remains to offer cloud regions near to the customers and help them meet their data residency or data sovereignty requirements with other compliances too. Oracle with its two MeitY empaneled cloud regions in the country, also recently expanded its cloud presence in Mumbai with Nxtra by Airtel. Oracle also has some significant hybrid cloud offerings which makes it ideal for organisations to leverage the benefits of public cloud by complying with their data residency requirements. Mr. Kapil Makhija, Vice President -Technology Cloud, Oracle India share more insights on the same
What are the cloud acceptance trends in the country
India is one of the leading countries in cloud acceptance race given the massive acceptance towards cloud in the recent times. Sectors across the country including public sector, SMBs, BFSI, Retail, Education amongst many others are actively moving towards a cloud-first world where they are experimenting with emerging technology including AI/ML. Businesses in India are accepting cloud to proceed with their plans and have witnessed higher efficiency with improved innovation throughout their business processes. IDC’s report states that the overall Indian public cloud services market is expected to reach $9.5 billion by 2025 which is a testimony to India’s cloud acceptance. Another trend that we are witnessing is businesses are also keen to experiment with cloud strategies and dive into multicloud or hybrid cloud for an improved performance.
Having an experience spread across decades, at Oracle we believe in ensuring that our customers achieve their cloud specific requirements at the most economical costs. Our customers too understand the dedication we put into their businesses and the benefits they achieve out of cloud. Therefore one of Oracle’s customers, an IT services firm, has expressed its plans to have a zero data center policy in the next 3 to 4 years. This is a huge step towards complete cloud acceptance in various industries. We are currently planning to have at least 44 cloud regions by the end of 2022 to support the rising demand.
How are public sector organisations taking the cloud route
Given the cloud acceptance in the country, the government is already taking steps to ensure digitization across. We are witnessing higher acceptance of AI/ML and cloud computing in various governmental organisations with an intention to innovate for the benefit of the public. An example of this commitment would be the government’s MeitY empaneled cloud service providers who are allowed to offer cloud services to public sector organisations. This makes it easier for the sector to pick and choose the right cloud provider for them.
Additionally, the government sector or public sector organisations need to be much more efficient to standardize public service. A key to this approach would be for these organisations to choose the right cloud vendor who can cater to increasing or decreasing demand with no hidden costs and better efficiency. The organization needs to identify the right business objectives, their security requirements or compliances they need to adhere to. These organisations must also pick a provider that has data centers across seismic zones to improve the chances of DR considering the sensitivity of data stored.
Public sector organisations can also experiment with a hybrid cloud environment to keep data protected.
How is Oracle supporting the rise of cloud in public sector organisations
We have a significant experience in managing public sector organisations in the Indian market with an aim of helping these businesses to foster development. Our portfolio of public sector projects range from logistics and commerce to healthcare amongst other sectors. Our cloud is build for highest level of security with its autonomous service and flexibility.
Additionally, as a part of ensuring development for the public sector we launched the OCI dedicated region for the India market which allows public cloud for our customers on their premises. Along with ensuring data residency and data sovereignty requirements, with this customers can achieve the benefits of public cloud. The offering comes at low entry price point of around $1 million a year. With this, we want to offer the efficiency of Oracle with low operational costs and help them manage the manual tasks in a better way. Globally, we have customers including Nomura Research Institute and Vodafone who have chosen OCI dedicated region.
Any case study around the customers
While we have collaborated on various projects however one key project was the smart government initiative – the Aspirational Districts Programme. The idea here was to identify the top performing districts based on key factors to improve the quality of life. This was implemented in 112 of India’s most backward districts where thousands of data points were assimilated. The data accuracy is secured after which it is combined for analysis and ultimately results are identified. The results of this are shared with the administrators, districts collectors, government officers and general public in the form of a dashboard. These data management functions are run on Oracle Autonomous Cloud.
Expected outcomes of cloud acceptance in public sector
With our experience of handling customers in the public sector, we are certain that cloud will all play a key role in government sector as organisations leverage AI/ML, Data analytics to ensure better results. Cloud will also offer benefits like agility which are crucial in today’s business environment for any sector. Cloud acceptance will not only contribute towards the efficiency of the sector but also the entire nation as public service delivery improves. The sector will be allowed to focus more on critical aspects of public service while the cloud focusses on the technical aspects and innovation making it easier to implement plans. Additionally with avenues like hybrid cloud, the sector can move non-critical data to cloud and leverage as many benefits as possible while adhering to the compliances.