Oracle CEO Mark Hurd sees big money in offering cloud computing services. His database software company is in the business of cloud computing and views Amazon Web Services as the company's biggest rival. Hurd believes that the largest cloud firms, which are Oracle and Amazon, are enjoying growth of 44% every year.
According to tech industry analysts, Amazon is substantially beating other leading cloud computing firms, including Google, Microsoft, and IMB in a range of aspects, including revenue and storage of customer data.
On the other hand, Hurd predicts that 80% of corporate organizations will be relying on cloud services to store their data by the year 2025 after transferring their IT infrastructure to cloud-based data centers. In a period of 9 years, the Oracle CEO at https://twitter.com/markvhurd forecasts that companies will be committing 80% of their information technology budgets to the cloud as opposed to conventional IT equipment that can only be deployed within a company's internal data center.
It is already clear that Oracle is experiencing the pressure resulting from organizations shifting to the cloud. The database software firm is trying to crank up all the momentum it can toward its own cloud computing services to compensate for the slowing of its flagship software and database products.
Hurd has already disclosed that his company has been, for the past couple of years, redesigning its existing legacy software products to provide cloud-based versions for subscription. Salesforce, which is Oracle's competitor, employs a similar business model.
In efforts toward meeting the demand for cloud computing services while defeating competition, Oracle has invested substantial amounts in relevant research. For example, Hurd said that his company injected $5.1 billion toward research as well as development of its cloud services in 2016. For more facts and information regarding Mark Hurd, you can go to https://www.youtube.com/watch?v=pFKFN8EbzAc.
As the cloud war continue, Oracle has not yet revealed how much it's going to dedicate toward the expansion of its data center capacities. The firm has not disclosed how many new facilities it has to build to ward off competition from its main cloud computing rivals like Microsoft and Amazon.
The CEO added that his company was pumping more capital into its IaaS venture, although substantial investments will be prioritized toward guaranteeing the cloud compatibility of the firm's legacy software.
A day in the life of Mark Hurd certainly involves plenty of strategizing and analyzing to maintain the competitiveness of his company, Oracle, across several fronts, including cloud computing and cloud software provision.