Oracle: Melting barriers to cloud adoption
Data residency is a bit of a myth, according to Oracle’s VP of Apps for the Mid Market, Rajen Sanggaran.
He shared this during Oracle’s Modern Experience event in Malaysia, where Oracle customers like the Asia School of Business (ASB) and Albukhary International University talked about how they strategically use cloud computing technologies for their respective operations.
“State-owned banks tend to be more stringent, but most monetary authorities don’t mandate for banks’ data to be located locally. However, there is a strong preference for this, so as to ensure that privacy laws are protected.”
Rajen also said that Oracle works with regulators to find the (cloud deployment) comfort level for banks and authorities. He had earlier shared about a big global bank that moved their entire finance piece to the cloud.
“That includes their procurement function, revenue management, expense management… basically all of their core general ledger functions.”
Prevailing cloud strategies
Rajen further commented on cloud strategies that he has observed in Asia Pacific, “Businesses have option to take on what they are comfortable with.” That includes being wholly on the cloud, or having only pieces of organisational functions delivered by the cloud.
In Asia, more established businesses would have largely legacy solutions that are hosted on-premise by the business. Cloud players like Amazon Web Services (AWS), Microsoft Azure, Oracle and more, are trying to entice these businesses to complement their on-premise set up with cloud services like software-as-a-service.
Oracle Malaysia’s Managing Director, Jimmy Cheah commented, “If you look at the history of enterprise software, people usually buy the whole thing (for on-premise). With the software-as-a-service model, it’s a subscription model.
“They can subscribe to the function that they need instead of having everything else come along with it.”
“A lot of people underestimate the effort it takes to maintain systems, apply patches, do backup, recovery and more,” Cheah added, explaining why cloud computing may be alluring to businesses that do not want the hassle of running IT.