As cloud computing becomes more mainstream, Indian businesses of all sizes will demand more in the upcoming years that various cloud solution providers collaborate, whether in a multi-cloud or hybrid cloud environment, a top Oracle executive said on Wednesday.
Shailender Kumar, Senior Vice President and Regional Managing Director of India and NetSuite JAPAC, told IANS that the businesses and workloads are becoming more complex in India’s “Techade,” and technology usage is evolving quickly.
“As agility, scalability, and optimization 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, emphasized.
According to Nasscom, 84% of major organizations have implemented software-as-a-service (SaaS), and 53% of companies have increased cloud adoption over the last year.
“In the coming years, organizations 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.
For the third year in a row, Oracle India has been a significant growth engine, with the Oracle Cloud Infrastructure (OCI) unit expanding by more than 100%.
“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 significant prospects in well-established industries like the public sector, BFSI, and telecom.
New industries, including manufacturing, e-commerce/retail, healthcare, edtech, and startups, are also gaining momentum in these areas.
“We will continue to prioritize 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.
Customers require flexibility and want hyperscalers to work together to build well-integrated cloud ecosystems; thus, the future is multi-cloud, he added.