Multicloud is the new reality in enterprise technology, according to a report commissioned by Oracle Cloud Infrastructure, 451 Research, a division of S&P Global Market Intelligence. The global survey gathered information from 1,500 executives and senior decision-makers at firms around the world about how they use the cloud within their organisations, including India, and discovered that practically every cloud journey is now becoming a multicloud journey.
“Godfrey Phillips’ India’s (GPI) ‘People-First’ legacy spans decades, and it includes all our stakeholders – including our customers. Technological advancements are key enabler in ensuring that we deliver the best results to them. With the vision of offering greater agility in all our future deployments, our technological architecture is multi-cloud and futuristic. Considering our successful and long-standing association with Oracle across a wide range of areas, we have also onboarded them as our partners in our cloud journey to meet the future-ready needs of our expanding portfolio. With Oracle Cloud, we have further improved our scale, adaptability, and resiliency necessary to ensure uptime and successfully navigate volatile customer demands. With this partnership, we can optimize our processes across stages and functions which will give us the edge to fulfil the promise of customer satisfaction with DR support, scalability and better price performance”, said Sharad Aggarwal, CEO, Godfrey Phillips India.
He further added, “With Oracle Cloud, we have further improved our scale, adaptability, and resiliency necessary to ensure uptime and successfully navigate volatile customer demands. With this partnership, we can optimize our processes across stages and functions which will give us the edge to fulfil the promise of customer satisfaction with DR support, scalability and better price performance”, said Sharad Aggarwal, CEO, Godfrey Phillips India.
Kandarp Kant, CTO, Poonawalla Fincorp, said“By transitioning to cloud, Poonawalla Fincorp has seen huge benefits. From processing 20000 loans per month in Sept 2022, and after moving to OCI, the company now processes 600,000 loans per month. During the shutdown, Poonawalla Fincorp shutdown their in-premise datacenter and moved all their servers to the cloud. The ease of migration was also a good experience. 60% of our workloads run on OCI, while 40% is from other cloud solution providers.”
“As cloud becomes one of the most critical enablers of business success, organisations are increasingly keen towards achieving an edge in their cloud strategies. Selecting one cloud provider is no longer considered the most beneficial business decision. Instead, having access to best of breed services is a top priority. Oracle’s multicloud approach, with OCI’s distributed cloud, is well aligned with our customers’ preferences – it also addresses one of our ultimate goals of offering customers choice with business agility,” said Srikanth Doranadula, group vice president, technology and systems, Oracle India.
Cloud computing has practically become synonymous with IT in recent years as businesses seek enhanced business agility and operational efficiency from the technologies they utilise. While these trends have been present for some time, more than 89 percent of Indian respondents stated that the COVID-19 outbreak has been a significant driver of increased interest and investment in cloud technology. Organizations chose a multicloud strategy to acquire the flexibility and scalability required for this new reality as they faced new problems such as growing levels of remote work and engagement with new business partners and suppliers.
Also Read | Banks accelerate move to the Cloud with New Oracle Banking Services
“The ‘one-stop-shop’ mentality has died when it comes to the cloud. Instead, multicloud is the reality of enterprise technology environments as these organizations seek to get the right mix of solutions and capabilities they need to operate effectively,” said Melanie Posey, research director, Cloud & Managed Services Transformation at 451 Research. “Multicloud is here to stay, and enterprises are choosing this model for the benefits it provides for a range of different business and operational requirements, like business agility or access to best-of-breed technology.”
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/