Digitization is prompting companies today to increasingly acknowledge the importance of digital technologies in their IT and business landscapes. As a consequence, conceptualizing how they can enable and accelerate future innovation to drive transformation is an escalating ask for modern day organizations. In fact, global business leaders have already started embarking on various digital initiatives; they’re creating adoption plans in keeping with their future business directions and are highly aware of the strategic implications of these transformations.
However, there are certain considerations and challenges in the way of digital adoption and almost every industry in nearly every country is experiencing them. So how to deal with ever-changing end user behaviors and expectations? How to bridge the regional digital awareness gap? How to meet industry-specific regulations? These are only a few of many questions companies are discussing today while defining their long-term digital adoption plans. The silver lining, however, is that despite challenges, every company – large or SMB – is making every attempt to secure and sustain its end customers. Every business is looking for cost-effective, flexible and agile solutions that can expedite achieving its digital adoption goals.
A key solution option to drive digital adoption by enterprises is Cloud Computing. Its USP? It provides modern, cost-effective solutions to enterprises that drive business agility and innovation. A Forbes report clearly indicates how seriously digital enterprises have started adopting Cloud technologies when it says, “Worldwide spending on public Cloud services will grow at a 19.4% CAGR from $70 billion in 2015 to $141 billion in 2019.”
Having said so, Cloud Computing is not a new concept / trend. The glitch is that there are only a few players in the market who have the right maturity and capability to provide an effective, standards-based, enterprise grade Cloud solution that is available in all kinds of deployment models – private, public and hybrid. Cloud solutions come in three pay-per-use delivery models:
While there are several Cloud providers in the market today, Oracle is the only one that provides effective solutions in all three delivery models. It also provides a foundation that fosters innovation to build the next generation of digital enterprises.
The business benefits and ROI that Cloud solutions afford are encouraging organizations from different industries to leverage them to move their workloads to the public Cloud. That said, there are times when businesses hesitate in adopting Cloud technologies because of their specific regulatory compliance requirements.
To tap into this white space, Oracle recently launched a solution to bring the Oracle Cloud Platform inside a customer’s own datacenter. With this offering, customers will now have full control over their data and meet all kinds of data sovereignty and residency requirements with ease, while still taking advantage of the benefits of the Cloud. Oracle’s continuous innovation in the Cloud journey is certain to provide more choices to organizations on how they deploy their enterprise software and which business-critical applications they choose to migrate to the Cloud from on-premise environments.
To summarize, the way global consumers are changing in the new millennial economy is clear evidence of digital adoption’s indispensability. Enterprises too are realizing this and are increasingly focusing on service deliveries through Cloud to embark on their digital transformation initiatives. Reason why we are witnessing a significant rise in the adoption of Cloud applications and technologies. To stay ahead of competition, leading Cloud providers will do well to invest in building a holistic Cloud product platform that is modern, elastic, scalable, secure, cost effective and effectively managed keeping customer experience paramount.