Embracing the Oracle Cloud wave across the APAC region in a multi-cloud world
- Recent studies reveal that IT leaders utilize various cloud providers to gain cost savings and enhanced control over their data.
- Southeast Asian industries, such as finance and telecom, stand to benefit from OCI’s high-performance, security, robust data analytics, and distributed cloud capabilities.
Enterprises increasingly opt for multiple cloud providers to fulfill their needs, with multi-cloud becoming the norm in enterprise technology, as revealed by a study conducted by 451 Research, a division of S&P Global Market Intelligence, and commissioned by Oracle.
Cloud adoption is crucial for enterprises seeking business agility and operational efficiency. Over 90% of APAC respondents agree that the COVID-19 pandemic has significantly accelerated interest and investment in cloud technology.
To tackle challenges like increased remote work and collaboration with new partners and suppliers, organizations have adopted multi-cloud strategies for flexibility and scalability in the evolving landscape.
Key survey findings reveal that 97% of APAC enterprises surveyed either use or plan to use at least two cloud infrastructure providers, and 35% are using or plan to use four or more. Additionally, 95% of APAC respondents indicated they are using or will use at least two cloud application providers (Software-as-a-Service), with over 48% utilizing cloud applications from five or more providers.
Chris Chelliah, Senior Vice President of Technology and Customer Strategy at Oracle Japan and Asia Pacific, noted that customers embrace new cloud providers to accelerate digital transformation goals. They seek to rapidly migrate mission-critical workloads to the cloud without rewriting costs or risks, enabling access to machine learning and AI-driven innovations.
“Unique among hyperscale providers, OCI offers customer choice to deploy workloads where they best fit – on-premises, on the public cloud or even across multiple clouds. With the recent introduction of MySQL HeatWave on AWS and Oracle Database Service for Microsoft Azure, Oracle has broken down the wall between cloud providers, so that customers can achieve their business outcomes,” he added.
Strengthening commitment to Southeast Asia with second cloud region in Singapore
In response to the rapidly growing demand for cloud services in Southeast Asia, Oracle is set to establish a second cloud region in Singapore. This new region is part of a significant expansion, joining Oracle’s existing 41 regions and 10 planned additional public regions.
This region will offer public and private sector clients alternative options for their infrastructure, applications, and data placement, ensuring optimal performance and reduced latency. Customers will have access to a wide range of cloud services for modernizing applications, innovating with data, analytics, and AI, and migrating mission-critical workloads to Oracle Cloud Infrastructure (OCI). By using both Singapore regions, customers can achieve improved business continuity while maintaining data residency within Singapore.
“With the new region, Oracle offers customers true business continuity and disaster protection while meeting in-country data residency requirements. As a result, we’re extending our commitment to helping organizations in Southeast Asia embrace technologies like AI, machine learning, and IoT to address their most complex challenges and achieve more with less,” said Garrett Ilg, President of Japan & Asia Pacific at Oracle.
Presently, Oracle Cloud Regions in the APAC region include Tokyo, Osaka, Seoul, Chuncheon, Mumbai, Hyderabad, Sydney, Melbourne, and Singapore.
Banks turn to Oracle in accelerating the move to the cloud
As banks face rising transaction volumes, customer expectations, and competitive challenges, they must adapt quickly. To address this, Oracle introduced Oracle Banking Cloud Services, a suite of modular, cloud-native services. These six services offer scalable corporate account processing, enterprise-wide management, real-time global payment processing, API management, retail onboarding, and new self-service digital capabilities.
Utilizing a microservices architecture, banks can achieve faster modernization and minimized risk. Oracle Banking Cloud Services, available in numerous global cloud regions, can be deployed in alignment with data residency or sovereignty needs. New services include:
- Oracle Banking Accounts Cloud Service: Offers scalable demand deposit account processing and modernization for core banking systems without operational disruption.
- Oracle Banking Payments Cloud Service: Provides a unified engine for real-time payment processing and supports over 15 global payment schemes.
- Oracle Banking Enterprise Limits and Collateral Management Cloud Service: Centralizes limit definitions and collateral management, reducing risk and providing real-time exposure tracking.
- Oracle Banking Origination Cloud Service: Simplifies processes and automates decision-making, offering customized onboarding and origination experiences throughout various business sectors.
- Oracle Banking Digital Experience Cloud Service: Delivers ready-to-use corporate and retail banking experiences with omnichannel digital support, AI, and NLP-based engagement tools.
- Oracle Banking APIs Cloud Service: Enhances customer experience and revenue by embedding banking services across a growing partner ecosystem.
“Banks of today must create integrated, digital ecosystems to meet modern customer needs and stay ahead of the competition,” said Horng Shya Chua, managing director at Oracle Singapore. “With Oracle Banking Cloud Services, banks of all sizes in Singapore are able to innovate rapidly and securely, deliver seamless services across the customer journey and enhance operational efficiency in the leading financial hub in Asia Pacific.”
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