Oracle CloudWorld Tour- Oracle’s global celebration of customers and partners has been a promising event for the corporate world this year in 2024. This event provided the audiences with insights about Oracle’s solutions that help clients or partner companies to tackle biggest business challenges, build skills, knowledge, & connections, and learn more about Oracle’s cloud infrastructure, database, and applications from the people that build and use them.

This was a two-day events at Jio World Convention Centre, Mumbai and Oracle Mumbai BKC office.

At first Media and Analyst Group briefing happened at Oracle, Mumbai office by Srikanth Doranadula, Group Vice President, Technology, Oracle India and Deepa Param Singhal, Vice President, Cloud Applications  Oracle India about Oracle India Business Momentum and Business Strategy Update. Srikanth explained about the oracle cloud and its implementation in different industries. On the other hand, Deepa explained about the SaaS platform delineating what oracle is offering now across all industries, like Communication, Financial Services, Healthcare, and others.

Srikanth says, “In India, Oracle has clocked 50 percent YoY growth in cloud consumption in the recent quarter. Also, our SMB business has been growing in cloud consumption by over 70 percent for the past three years. Our cloud regions in Mumbai and Hyderabad are running at full capacity, with customers deriving business benefits of scale, price, performance, and reduced costs – it’s multicloud or hybrid cloud. Oracle is driving change in industries and dominates some of the biggest transformations in India – be it in banks or insurance or UPI or fintech or NBFCs, public sector, telco or digital natives or education. Our Next-gen technologies like AI, ML, edge computing will help our customers unlock new possibilities for automation and intelligent cloud solutions”.

According to Deepa, “At the forefront of India's digital transformation, Oracle aims to maintain its leadership through steadfast innovation, strategic collaborations, and a deep focus on customer and workforce success. Generative AI is riding on the paradigm shift to reshape industries, amplify human capabilities and creativity, and aid in redefining the fabric of work. Our goal is to help customers leverage AI to optimize costs and performance and minimize the need for human action. We are bullish of sectors like healthcare, e-Commerce, IT services, BFSI, public sector – they are all modernizing at a rapid pace. Oracle Fusion Applications business has been growing and Oracle Fusion Cloud ERP is one of the biggest contributors, growing at 34 percent.”

India growth statistics at a glance:

After that it was time for Partner Media and Analyst Group Briefing to understand Oracle’s partner momentum in JAPAC. Here they had Lalit Malik, Group Vice President, Alliances & Channels, Oracle Asia as the host who said, “Customers across Asia Pacific are modernising their IT infrastructure and applications at a fast pace to deliver enhanced customer satisfaction. Oracle with its innovative cloud solutions, industry knowledge and a strong partner ecosystem, is best placed to enable them in their digital transformation journeys. Backed by an experienced partner network, we offer our customers a wide range of cloud solutions that will accelerate innovation, develop and deepen their capabilities and expand reach to achieve desired business outcomes”.

There were 600 plus Oracle Partners who are associated with Oracle and getting benefited by Oracle Cloud infrastructure.

Hirak Kayal, Partner Technology Consulting, PwC, said, “The embedded industry best practices and seamless integration capabilities of Oracle solutions, coupled with PwC's expertise in industry domain and technical capabilities, has empowered us to make smarter decisions and achieve our business objectives with greater efficiency. This collaboration has truly been instrumental in driving our success".

Pankaj Ratra, Co-Founder & Director, Business Development, Path Infotech, said, “Our partnership with Oracle has been instrumental in driving innovation for our customers in India and other regions. We at Path are continually leveraging our deep skills and decades of experience around Oracle’s technology innovations to help our joint customers drive their digital transformation at speed. Some examples of this include Lakehouse, OCI, Fusion Apps., APEX and many more over the years".

Oracle Started their flagship event Oracle CloudWorld Tour 2024 at Jio World Covention Center (JWCC) on 14^th morning with a welcome note by Mr. Shailender Kumar, Senior Vice President & Regional Managing Director, OracleIndia and NetSuite JAPAC followed by a one-to-one discussion between Sonny Singh, Executive Vice President, Oracle and Milind Nagnur, Chief Technology Officer, Kotak Mahindra Bank where Milind siad how they are using Oracle Cloud infrastructure and how they got benefit and support from the Oracle Team.

We also had an interactive session with Shailender Kumar, Senior Vice President & Regional Managing Director, Oracle India and NetSuite JAPAC,Gaurav Kumar, Founder & CEO Yubi Group of Companies, and Bharat Krishnamurthy, CTO, Yubi & Yubi Securities, one of India’s largest lending technology conglomerates, is using Oracle Cloud Infrastructure (OCI) to run its co-lending platform across India. With OCI’s superior performance, enterprise security, high availability, low cost and globally distributed cloud regions, Yubi is able to bridge the credit gap in India and facilitate scalability in the co-lending sector.

“At Yubi, our mission is to enable prudent access to credit for Indian businesses with the help of our esteemed lending partners and fintechs, thereby accelerating financial inclusion in India,” said Gaurav Kumar, Founder & CEO, Yubi Group of Companies. He added, “As we gear up to increase our transaction volumes by over 10-fold in the upcoming months, technology plays a pivotal role in realizing our ambitious growth objectives. Transitioning to OCI marks a significant milestone, facilitating seamless scalability, enhanced performance, and the establishment of a multi-cloud environment to better serve our customers across India, anytime and anywhere. We opted for OCI due to its dual-region cloud strategy, anticipating over 25 percent cost savings from this migration. This move fortifies our stance to empower Indian entrepreneurs in funding their aspirations and bringing their innovations to life”.

“For India to meet its goal to become a 5 trillion-dollar economy by 2025, growth in services such as co-lending becomes pivotal as it powers up India’s businesses,” said Shailender Kumar, Senior Vice President & Regional Managing Director, Oracle India and NetSuite JAPAC. “With OCI, Yubi will be able to improve the performance of its co-lending platform, gain greater control of the budget, reduce underused resources, and forecast spending more accurately. OCI will also help Yubi combine cloud services from multiple clouds to optimize cost, functionality, and performance”.