Accelerating Digital Transformation with Oracle Cloud Infrastructure

  1. Introduction

The inevitable thing about the future is that it becomes present. And oftentimes, it happens quickly enough to surpass all the surest predictions of an era. The advent of the Covid-19 pandemic that forced radical changes in each and every aspect of most businesses is one of many such cases were predictions failed, but those who were digitally transformable, prospered!

Between the end of 2019 and the beginning of 2021, involuntary digital adoption by the people led the world into the future. At a glance, this period can be referred to as the rise and expansion of e-learning, teleworking, social media, online shopping, entertainment (over OTT platforms), telemedicine, etc. We like to call them the ‘locomotives of resilience’ as they helped isolate the distressing effects of the ‘New Normal’ that the covid-19 pandemic had brought along. If it was not for the ‘locomotives of resilience’, the sudden transition into the future would have been a catastrophic failure in the history of evolution.

However, the actual credit goes to the enablers of these ‘locomotives’, i.e., the enterprises that fathomed the importance of digital transformation and adopted technology (in the form of big data analytics, IoT, AI, cloud, automation, and edge computing) before it was widely considered as an option. Needless to mention, the role of digital transformation has also, in turn, paved the way for a more robust, agile, 360-degree smart business ecosystem that takes advantage of the evolving markets, changing customer expectations, etc., with the help of cutting-edge information technology, to unlock product differentiation, competitive advantage, reinvent management while multiplying their market share and return on investment.

For digital transformation to reinforce these many changes, innately makes it much more than simply plugging in new technology. Among other things, it requires a strategic approach that addresses five key domains encircling Customer Engagement, Value Proposition, Competition, Innovation, and Data. And to top it off, a cloud platform can jazz up enterprises’ digital capabilities and scale up their hardly a ‘data-supported business’ into a data-driven business. This process is greatly streamlined by Oracle Cloud Infrastructure, and which is why we are keen to examine and demonstrate the ways ‘OCI’ not only transforms businesses but does it at a rapid pace.

In recent developments, Oracle has also come up with a range of best-of-breed technologies that autonomously configure, repair, and maintain itself. However, a number of tasks with respect to optimization, patching, and maintenance still remain with the enterprises to deal with. In this paper, we will discuss all the aspects of accelerating digital transformation with Oracle Cloud Infrastructure, and the ways forward.

  1. A brief history of business, data, and transformation

Before the rise of the Data Economy, businesses around the world struggled to keep up with the market trends and customer expectations, let alone sourcing, managing, analyzing, and implementing IoT and Big Data for improving their products and services. Today, not only large enterprises, but a massive 68% of small and medium enterprises are leveraging data and analytics cross-departmentally, including in operations, finance, products, and sales.[1]