US-based technology major Oracle Cloud Infrastructure (OCI), Oracle’s cloud services platform, has introduced the ‘OCI dedicated region’ for the Indian market. It will enable customers to leverage public cloud services on their premises while meeting strict latency, data residency, and data sovereignty requirements.
According to the company, the OCI dedicated region requires 60-75 per cent less data centre space and power on average, with a significantly lower entry price of around $1 million a year for a typical customer.
The new offering will allow Oracle to deliver over 100 OCI public cloud services to customers within their premises, which were earlier available only to public cloud consumers. It will also help boost the adoption of public cloud in the public sector, banking and other sectors that were so far restricted to do so due to regulatory and other requirements.
Important takeaways for all competitive exams:
- Oracle Founded: 16 June 1977;
- Oracle Founder: Larry Ellison, Bob Miner, Ed Oates;
- Oracle Headquarters: Austin, Texas, US;
- Oracle CEO: Safra Ada Catz.