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

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding

Pakistan Courts in Peril

The question now is whether Pakistan’s courts can continue to function as guardians of the law, or whether they will be reduced to instruments of control…reports Asian Lite News Pakistan judiciary’s independence
Go toTop

Don't Miss

Jaishankar Meets French Counterpart in Paris

The meeting took place on the sidelines of Prime Minister

Budget 2024: Education Sector Anticipates Higher Allocation

Education experts also opine that a strategic fiscal approach is