Enterprises Realizing Power Of Autonomous Cloud, Says Oracle’s Steve Daheb
Companies are increasingly looking at business productivity, cost efficiency and innovation with Oracle Autonomous Database, believes Steve Daheb, SVP of Oracle Cloud. At the recent Oracle OpenWorld 2019 Middle East held in Dubai, Daheb articulated how Oracle’s autonomous proposition has already started to have an impact on the enterprise that are looking at integrated solutions to better serve their customer.
Daheb explained that autonomous is a technology that could be used in a private cloud or a public cloud or can even be used behind the customer’s firewall on premise through Oracle Cloud@Customer. Regardless of deployment scenario, the value prop of autonomous is that you don’t have to provision or tune or do these things manually. In fact, it automatically downloads and applies patches. We give customers the choice if they want to be fully autonomous or semi-autonomous or not at all.
According to him, “We are seeing companies transition to the cloud faster than we had anticipated. For example, 100% of apps will soon be some AI based solution or 50% of data will be managed autonomously,” he said adding that the exciting thing for us is that when we think about the cloud – we really define it holistically. People have defaulted it to imply cloud is compute and storage. For us, we look at applications as inseparable from the platform that does the integration, the analytics or the security.
A number of Indian organizations are already realizing huge business value from their data, by leveraging the Oracle Autonomous Database – the industry’s first ‘self-driving, self-securing and self-repairing’ database. “Armed with deeper and more meaningful insights, these customershave been able to significantly improve and fast-track business decisions, introduce new products/services to market quicker and create a smarter workforce,” a recent report by the company said.
As a result of its autonomous functionality, most early adopters have not only started realizing business benefits instantly, like faster transaction processing, more accurate sales forecasts andenhanced customer experiences;it’s also helped them strengthen their organization’s security fabric to help intuitively thwart cyber-threats and data thefts. Organizations using Oracle Autonomous Database come from diverse industries such as banking, consulting, digital commerce, IT and professional services, andunconventional sectorslike footwear and spices.
“Performing ATM Analytics on Oracle Autonomous Data Warehouse, we uploaded only aggregate data pertaining to ATM performance metrics, in line with our compliance guidelines around data privacy and security. In just under four weeks, we had an intuitive, user-friendly solution withfull drill-down and roll-up capabilities. This empowered our senior leaders with actionable intelligence for faster decision making. We’re now looking to enhancing the scope with social media content for better sentiment analysis and a more holistic understanding of our customers”, said Shalini Warrier, COO, Federal Bank.
Beyond large enterprises, SMBs, and born-in-the-cloud startups are optimizing their resources, boosting their competitive edge and crafting hyper-personalized consumer engagement strategies with Oracle Autonomous Database. Codeinks, a Bangalore based ecommerce software product company, is one such startup.
“Our customers are demanding faster, deeper, more accurate insights from us, but most database technologies aren’t fast enough to handle such heavy duty analytics workloads for real-time reporting.We used Oracle Autonomous Data Warehouse out of the box, and we realized an average performance improvement in the range of 30%-50% for our defined scenarios. We were able to quickly create dashboards in near-real time to capture the results of what-if analysis around a range of factors including session data looking at user interactions in a particular timeframe or around particular tasks,” said Manish Verma, Cofounder & CEO, Codeinks.
With Oracle Autonomous Database, CIOs are empowered to drive their organizations out of maintenance mode andaccelerate innovation. Oracle customers get the liberty of using the same database in the cloud, on premises or with Cloud at Customer, easing the transition of existing, mission-critical applications.
“In the last 12 months, our customers have rewired their organizational DNA to transform into a digital-first, data-driven business. They are freeing up resources to focus more on innovation. To put their data capital to better use and strengthen their core competencies, we’re helping them upgrade to the technology of tomorrow, today. Autonomous software will be the next big growth lever for businesses”, said Shailender Kumar, Regional Managing Director, Oracle India.
Having asked if Oracle is planning to position itself as a cloud-only and cloud-first vendor, Daheb said, “At Oracle, we continue to support on premise deployments. If a customer requires support for hybrid data management – it’s only us who can help him – Amazon is not really providing customers with a hybrid database.”
“We will continue to innovate in the cloud. Each company has a different path to cloud. If they want to go the on premise route, we can help. If they want to go cloud, we can help. If they want some on premise and some on cloud, we can help. This puts us in a very unique position,” Daheb concluded.