Indian cos investing heavily in data tech to benefit from cloud, Big Data - Oracle
Oracle has announced that a large number of Indian companies are investing in its data integration technologies to derive greater value from their data, while taking advantage of emerging technology trends such as cloud computing and big data. With data volumes growing at unprecedented rates in Indian firms, effective integration, management and use of this information in real-time to make strategic business decisions and gain competitive advantage is a priority.
Companies like Bank of Baroda, Cosmos Co-operative Bank Ltd., Federal Bank, NIC, PSG Hospitals, Tata Motors, Tata Sky are using Oracle data integration technologies like Oracle GoldenGate 12c to enable continuous access to timely and trusted data across heterogeneous systems. These customers have experienced multi-fold productivity gains, up to 80 percent reduction in total cost of ownership (TCO), and other business benefits, claims Oracle. It has helped them implement real-time data integration and transactional data replication between on-premises and cloud environments and across a broader set of heterogeneous platforms, achieving faster time to value and a greater return from their data assets.
Banking and telecommunication companies were first adopters but with growth in data volumes and the increasing need to extract real-time information out of transactional data in order to increase market presence, companies in manufacturing, retail and even government departments (State government, Central government and Armed forces) have started deploying Oracle GoldenGate.
“Oracle GoldenGate is used by major Fortune 500 companies to support mission-critical systems and we are excited to see the growing demand for our industry-leading solution in India”, said Subash Nambiar, Vice President, Oracle India. “In today’s anywhere, anytime world of digital transactions most of the data, loses its inherent value and becomes less effective in influencing operational decisions, unless it is integrated, analyzed and consumed almost immediately. Oracle GoldenGate 12c helps compete in this 24/7 world through data integration and replication solutions that are easy to implement and have little to no impact on business-critical applications.”