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If there’s one technology that underlies the modern enterprise environment, it’s cloud computing. Adoption of cloud services is accelerating to a point where Gartner estimates that over 95% of new digital workloads will be delivered on cloud-native platforms by 2025, up from 30% in 2021.
Just today at CloudWorld in Las Vegas, Oracle announced a new solution that enables enterprises to host and deliver custom cloud services for their customers using Oracle Cloud Infrastructure (OCI), the company’s public cloud solution.
With the new solution, companies can create applications and services that are specifically tailored to the needs of specific industries, markets or regulatory requirements and provide access to over 100 infrastructure and platform services offered by OCI.
While this release is primarily focused on giving organizations greater customization options for cloud service deployment and consumption, it also has significant implications for corporate security, particularly around data sharing.
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How Oracle Alloy can help with data protection
It’s no secret that the more third parties have access to information, the greater the risk of that information being exposed through exploitation by third parties.
A survey by Black Hat shows that 53% of cybersecurity professionals cited vulnerabilities in third-party cloud or network services provided to their organization as their top cybersecurity concerns.
Oracle Alloy helps address third-party risk by giving organizations the ability to operate their cloud service independently of a cloud service provider.
Additionally, it gives organizations in highly regulated industries the ability to keep their workloads in a single geographic region so they don’t violate local or international privacy regulations.
“Giving our partners and customers more choice has long been a priority for OCI. Today, we’re taking it a step further by offering our partners the option to become cloud providers so they can develop new services faster and meet specific market and regulatory needs,” said Clay Magouyrk, executive vice president of Oracle Cloud Infrastructure.
“As a cloud provider, our partners have more control over the customer experience for their target customer or industry, including where workloads reside and how their cloud is operated,” said Magouyrk.
A look at the cloud computing market
Oracle is one of the largest players in the cloud computing market, which researchers valued at $445.3 billion in 2021 and is expected to reach $947.3 billion by 2026 as more companies try to collect, process and store critical data.
The largest provider in the market is Amazon Web Services (AWS), which offers companies cloud storage options such as Elastic File System, Storage Gateway, Glacier, S3, and EBS, and supports a range of databases, including Aurora, RDS, Redshift, and DynamoDB.
AWS recently reported revenue of $19.74 billion for the second quarter of 2022.
The next biggest competitor is Microsoft Azure with the Azure cloud platform, which offers over 200 products and services to help organizations build, run and manage applications in the cloud. Microsoft recently announced revenue of $51.9 billion for the quarter ended June 30, 2022.
The introduction of Oracle Alloy has the potential to be a key differentiator between Oracle’s approach to cloud and other competitors, by offering organizations better customization and control over their cloud environments.
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