SME Times is powered by   
Search News
Just in:   • Need revolution in education, skill building: Raghuram Rajan  • India's Forex reserves drop by over $152 mn  • Binani seeks stopping insolvency move against subsidiary  • Meghalaya assures all efforts to ensure resumption of coal mining  • Another Rs 1,394 cr bank fraud, CBI now books Hyderabad firm 
Last updated: 25 Feb, 2018  

Data.Error.9.Thmb.jpg India tops Big Data and Aanalytics adoption in APAC region: Oracle

   Top Stories
» Prabhu chairs round-table of Invest India
» GST results in higher industrial activities, sales: Minister
» Minister urges agribusiness cos to explore more agri-marketing opportunities
» Corporate sector has to reform, perform and transform: Naidu
» Govt clarifies on e-way bill requirement for exports consignment
Sourabh Kulesh | 25 Feb, 2018
When it comes to Big Data and Analytics, Indian enterprises are adopting the technologies to improve operations and enhance customer experience at a greater pace than the rest of the Asia-Pacific (APAC) countries, a senior executive from Cloud major Oracle has said.

When it comes to the Next-Gen trends in the Big Data space, adoption, customer interaction and operational excellence are growing rapidly among Indian enterprises.

"India is the leader in Science, Technology, Engineering and Mathematics (STEM) education; so the companies are well prepared with the staff and the kind of talent needed to leverage Big Data and Analytics. There are a lot of opportunities that the country still needs to explore to make value out of Big Data," Jeff Olson, Head of Big Data and Analytics, Oracle APAC, told IANS in an interview.

"I see rapid adoption of Cloud in the country. The ability to try new ideas and to give staff and employees opportunities to innovate and use big data insights is a huge trend today," Olson added.

According to a survey conducted by the market research firm Longitude Research, along with Oracle and chip-maker Intel, the Cloud strategies of 43 per cent of Indian businesses are fully implemented and working.

The survey added that an emerging group of businesses that have 70 per cent or more of their applications in the Cloud are outperforming their competitors globally.

Businesses in India are now looking to capitalise on new and innovative technologies, such as open source, multi-platform capabilities and visual tools in the next year.

Nearly a quarter (23 per cent) of IT executives from India felt that automation capabilities were important to the business and a fifth underlined the importance of Artificial Intelligence (AI) and Machine Learning (ML) within the organisation, the survey noted.

"The advantages and flexibility with Cloud computing, particularly with Oracle, is very attractive to businesses and the momentum on Cloud is very large," the executive noted.

According to Olson, ML, AI and Big Data Analytics will become intrinsic to every point in an organisation to make it future-ready.

Oracle is helping enterprises in creating the mindset and helping them develop capabilities to innovate.

According to the company, Indian businesses are now comfortably adopting Cloud Software-as-a-Service (SaaS) solutions and have realised that these solutions are scalable, agile and secure.

As per market research firm Gartner, SaaS will be the biggest Cloud market and will double to $75 billion by 2020 globally. In India, the SaaS business grew at the rate of 33 per cent (year-on-year) in 2017.

Speaking on the industries that will leverage the power of Big Data Analytics in the future, Olson said enterprises with retail focus and large transaction volumes are more likely to adapt to the situation.

"Telcos, Banking, Financial Services and Insurance (BFSI) sector, and retail with huge customer-driven analytics focus, along with manufacturing and supply-chain heavy industries, will have a huge opportunity in analytics," Olson added.

Olson said that Oracle has several customers in the APAC region who have been successful because they delved into the Big Data Analytics space and innovations are coming to them at a rapid pace.

"We are in a phase where things are changing very fast. The ability to change, to adapt, to innovate and to fuel that entrepreneurial spirit into your business has added a lot of extra values to the world. Oracle's products are now helping businesses to adopt, innovate and drive values," the executive said.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Mar, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(22)
» Draft agriculture export policy(8)
» RBI ban on LoU to severely impact MSMEs: PPMAI(2)
» MSME ministry launches portal for women entrepreneurs (1)
» Collateral free loans available for MSMEs: Minister(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter