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Oracle 2023 Technology Predictions
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Authored By: Chin Ying Loong, Regional Managing Director, ASEAN and SAGE (South Asian Growing Economies Oracle

With the new year upon us, let us take a look at three of our technology predictions over at Oracle:

Multi-Cloud Is the New Reality

There will be a unanimous shift into a multi-cloud model. A multi-cloud deployment places a workload in the best-suited cloud. This allows customers to deploy workloads across their cloud providers of choice. Some cloud providers are facilitating this trend by locating their respective cloud facilities close together to minimize latency. That ensures that customers using services from both providers get fast response times.

Ultimately, customers want their cloud providers to work well with each other in the name of true customer service. The onus is on cloud providers like Oracle and the other cloud hyperscalers to offer interoperability and connectivity, break down the walls between the clouds to ensure that users can seamlessly work together and deliver a continuous, internet of clouds for customers to choose from.

Organisations Will Democratize Access and Analytics of Their Data

Businesses are swimming in data from product sales, distribution, inventory and manufacturing, just to name a few. However, unused data is useless. The pressure is on to make sure that data is more accessible to more people. Artificial Intelligence (AI) technologies like Machine Learning (ML) are, thus, being embedded into corporate systems to lay the groundwork for data democratisation. Companies must deploy these augmented analytics to ensure employees on the ground, and not just data scientists, understand the data.

“Unused data is useless. The pressure is on to make sure that data is more accessible to more people.”

Access to real-time data and analytics can drastically improve performance in applications to deliver more meaningful business outcomes and efficient workflows.

Organisations Must Lead on ESG

Consumers have become more environmentally conscious and want to know how the products and services they use are sourced, manufactured, and delivered. Additionally, an increasing number want to do business with companies that have strong environmental social and governance (ESG) values.

The entire supply chain must be considered in calculating a company’s impact on the environment as an estimated 90% of a company’s greenhouse emissions emanate from its supply chain. With world-class analytics to help parse through data, organisations can better optimise shipping and warehousing costs to reduce waste. Organisations must work in collaboration with their suppliers, distributors and other partners to create an efficient and ethical supply chain.

“Consumers have become more environmentally conscious and want to know how the products and services they use are sourced, manufactured, and delivered.”

Beyond its inherent business benefits, the cloud offers a more sustainable alternative for companies looking to minimise their environmental impact. Adoption and migration to the cloud could also prevent the emission of more than 1 billion metric tonnes of carbon dioxide between 2021 and 2024.

We can expect organisations to look for data centres that can deliver a sustainable computing platform that is efficient, renewable and aligned with the circular economy.

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