Oracle Is Extremely Bullish On The Cloud
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…

