It will require 60-75% less space and power, resulting in lower costs for customers, Kapil Makhija, vice-president, technology-cloud, Oracle India told ET.
It will also help accelerate public cloud adoption for enterprises that were so far unable to do so because of regulatory and other requirements, Makhija added.
“We are seeing a huge change in the way governments are viewing how technology can accelerate their digitization efforts. Our OCI Dedicated Region is a game-changer product for India – especially for companies that operate in regulated industries, including all public sector firms and governments – more so for India’s states,” he said.
Makhija said the new cloud solution for state governments and companies would address challenges with reference to technology on costs, data residency and security.
The new services will help customers meet strict latency, data residency, and data sovereignty requirements that are key to many IT modernization efforts. It will also allow Oracle to offer customers nearly 100 services within their premises, which were earlier available only to public cloud consumers.
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“The public cloud is being given to our customers within their premises, they can keep their data within their firewall, entirely under their control, but they also have the flexibility which is available in public cloud data centres,” he said.
Further, they will be billed as per consumption, which will help cut overall costs.
Public cloud adoption in India has accelerated over the course of the Covid-19 pandemic but only 20% of overall workloads have shifted to the cloud.
End-user spending on public cloud services in India is forecast to total $7.3 billion in 2022, an increase of 29.6% from 2021, according to a recent forecast by Gartner Inc.
“Distributed cloud is the next evolution of cloud computing, and it provides customers with much more flexibility and control in how they deploy cloud resources,” said Dave McCarthy, research vice president, cloud and Edge infrastructure services, IDC. “Customers are no longer restricted by location choices, data sovereignty, data residency, or latency.”
This will allow customers to run IT workloads while retaining data and service control, making it possible for enterprises that must meet certain regulatory requirements to also adopt the public cloud.
The Oracle solution will help companies bring down IT management costs as it would reduce capital expenditure.