Oracle Is Extremely Bullish On The Cloud

November 19, 2015 Off By David

Grazed from CloudTweaks. Author: Jeremy Daniel.

Global software giant Oracle laid out, in no uncertain terms, its ambition to be the dominant player in the cloud over the next ten years at its annual Oracle OpenWorld gathering late last month. CEO Mark Hurd and Oracle Founder Larry Ellison both laid out a powerful vision of the cloud and the way they see business moving in the next 10 years.

During his keynote address CEO Mark Hurd predicted that: By 2025, over 80% of all applications will be in the cloud as opposed to the modest 25% that are there today. Furthermore, he boldly stated that only two Software-as-a-service (SaaS) providers will have 80% of that market, and that “I volunteer us to be one of them”, to appreciative laughter from the packed auditorium…

The commitment to cloud computing and the direction of the company became apparent when Oracle founder Larry Ellison opened the gathering by saying “The transition to the cloud is a generational change – this is a big deal. This is as big of a deal as when personal computers showed up.”…

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