Oracle plans to put cloud on steroids

With the global cloud computing market set to explode to US$241 billion by 2020, from US$40.7 billion in 2011, Oracle is positioning itself to take advantage of this growth.

In this context, Oracle recently launched its Database 12c offering. Calling it "the first database designed for the cloud" the company said that it is optimised for cloud computing and Big Data, and it allows enterprises to plug in their existing databases without application change. It also enables enterprises to consolidate other databases into a single, multi-tenant container base in the cloud…

Praveen Thakur, Asean VP for Oracle’s technology business unit, told BizIT that companies all over the world are grappling with new technology and requirements while computing power has increased dramatically over the past decade.

"That provides us with an opportunity to do things differently. Cloud is ushering a shift in how businesses look at IT, how they consolidate and virtualise their infrastructure, as well as provide it to enterprises without the need for users to get involved with the complexity of the backend infrastructure."