From blockchain to AI, Oracle India is betting big on a series of smart innovations that the database major believes will help it grow faster than the competition
India is on the verge of a major digital disruption – a disruption that can be seen across industries. Research firm, Gartner, estimates that India’s IT spending is projected to total US$ 89.2 billion in 2019, an increase of 6.7 per cent from the estimated spending of US$ 83.6 billion in 2018. Gartner estimates that IT spending in India continues to be driven by digital business transformation initiatives, from both private and public organisations, as both sectors have become adaptive to business model change and bring new practices, develop new capabilities and create new ways to succeed in the digital world.
Global majors like Oracle are betting big on this market, as India is experiencing a growth in digital initiatives like never before. Backed by its foundational reach in databases, the company has gone with full force in the cloud, with the company offering the complete stack across Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).
Shailender Kumar, Regional Managing Director, Oracle India, states, “In the past few years, India has been delivering strong results. Due to which, India has been conferred the best performing region within JAPAC last three years consecutively. In India, Oracle serves more than 15,000 customers (license and cloud together) across the private and public sectors.”
While the database segment continues to be the biggest area of strength, Oracle has also been trying to grow the market by using emerging technologies to solve some of the country’s biggest problems. Take the case of fake drugs, a global menace that the World Health Organisation (WHO) believes costs the healthcare industry close to US$ 30 billion due to counterfeit drugs. Oracle believes that blockchain can be used for fighting the growing problem of fake drugs in India.
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