The tech giant Oracle has become the latest firm to place a ‘cloud’ in Dubai, as more organizations put all of their valuable data and processes in that space.
Amazon and Microsoft already have made big investments in UAE on cloud-based data hubs.
The Oracle one is the first of two planned ‘cloud regions’ in which the Dubai addition makes it the company’s 26th worldwide. The firm says that it will have 36 such cloud regions by next July.
For disaster recovery and data enforcement requirements, consumers can use these services, with certain countries having legislation that would not enable their citizens’ data to be hosted in a foreign country.
Abdul Rahman Al Thehaiban, Senior Vice-President – Technology, MEA & CEE Oracle said, “Oracle’s second-generation cloud region in Dubai will help accelerate the digital transformation initiatives of organizations across the UAE’ government entities, large enterprise and SMEs”. Recently, Oracle has taken control of TikTok through a bold gamble, moved away from its expertise in enterprise solutions.
Among those to have transferred to the Oracle cloud in Dubai are DP World, the port operator, and Damac, the developer.
Mike Bhaskaran, Chief Operating Officer, Logistics and Technology of DP World said, “We are focused on developing highly efficient, agile and cost-effective, secure logistics operations”.
He further continued, “Our goal is to facilitate the movement of goods around the world at the click of a button.”
Spending on publicly hosted cloud computing could hit $340 million by year-end and expand to $1 billion by 2024, based on International Data Corporation (IDC) reports.
Jyoti Lalchandani, group vice president and regional managing director, Middle East, Turkey and Africa, IDC said, “In a survey of UAE CIOs (chief investment officers) n the second quarter, 57 percent of respondents said they were accelerating digital transformation in response to the new customer and operational needs”.
“Cloud is increasingly being viewed as the technology platform that can provide the agility, capacity and innovation capability that is required to accelerate digital transformation”, he added.