Oracle focusses on govt, BFSI to cash in on cloud opportunity

Upbeat on the multi-billion dollar cloud opportunity in India, technology giant Oracle is focussing on sectors like government, BFSI, healthcare and telecom to deliver more personalised, connected and secure solutions.
While new age companies (mostly e-Commerce firms) were early adopters of cloud technology, the trend is now catching up fast with larger enterprises, as they look at increasing operational efficiency and optimising costs.
"When cloud was known to be relevant only among SMBs, we have seen a drastic propensity among large enterprises (100 year old companies) adopting this new modern form of computing. We will focus on healthcare, telecom, banking and financial services, manufacturing and government sectors," Oracle India MD Sandeep Mathur told PTI.

According to research firm Gartner, India is expected to spend around USD 3.9 billion on cloud services from 2013 through 2017, of which USD 1.7 billion will be spent on software-as-a-service (SaaS).
Of this, the public cloud services market in India is forecast to grow 33.6 per cent in 2013 to touch USD 404 million from USD 303 million in 2012.
"Oracle is very excited about the opportunity the Cloud market offers in India and there has been incredible growth in this business," Mathur said.

He added that these adoptions are for a wide range of applications like talent management, customer service and modernising finance and back-office operations.

"Our product mix is evolving rapidly towards the cloud. Unlike traditional cloud solutions offered by most industry players, Oracle Cloud is personalised, connected and secure," he said.
Oracle counts companies like Apollo Hospitals, Jabong, Intel, Maruti Motors, Hero MotoCorp, Myntra, Kalpataru, NetApp India, Adobe Systems, Haier and Thomas Cook as customers for its cloud services.