‘BD promising market for IT innovations’

Bangladesh is a promising market for the global innovations in the information technology sector, regional managing director of Oracle ASEAN & SAGE Cherian Varghese said.

“Seeing the prospects here we have invested heavily in Bangladesh over the past two decades opening a full-fledged office,” he said.

Mr Varghese was speaking at a virtual media briefing for the ASEAN and South Asian Growing Economies (SAGE) on Tuesday.

He said the uptake of cloud services is accelerating and as economies reopen, migration to the cloud could be the ‘new normal’ solution for an organisation of cloud computing.

The past few months have shown how organisations with low to zero digital business models are taking the hit, especially for companies in the consumer-facing sectors, he said.

Now the organisations must reconcile with workforce changes and find new ways to engage with customers, said Mr Varghese.

Governments and businesses alike are finding ways to address the economic impact and mitigate supply chain volatility and risks, he said.

“As a result of the current situation, customers we’re speaking to come to us with two things on their mind – how to plan for a contingency and how to bulletproof or future-proof their current IT operations,” he said.

The cloud presents itself as an attractive and flexible option for organizations to accelerate the standardisation and automation required enabling business continuity while planning ahead,” he added.

For business users, Oracle offers a complete suite of software as a service, or SaaS, or cloud-based application services, he added.

These services are ready-to-use technologies that enable users to automate sales and marketing activities, human resources operations, enterprise planning, financial management, supply chain management, and so on.  

“We acknowledge the challenges in the landscape and complexities that businesses face when migrating to the cloud. It’s important for businesses to have the flexibility and multiple options on their journey to the cloud,” continued Varghese. 

With this offering, Oracle is making all of its cloud services -- more than 50 services -- available on-premises so enterprises can use Oracle’s cloud services wherever they need them – in the cloud or on-premises via Cloud at Customer.

Oracle Cloud Infrastructure “The goal for OCI is to have better performance than the rest of the Cloud market and also deliver the best pricing for that performance,” said Varghese.

“We are currently on track to launch our OCI region in Singapore within our current financial year to better meet the demands of our customers in the region,” he said.

Concluding the media briefing, Varghese highlighted that businesses have the power to choose and shape their own future; the increased need to build resiliency now, build adaptable organizations to meet the needs of our new economy, and plan for how to successfully manage this change in the long term.

Oracle SaaS customers include Telenor Pakistan, United Bank Limited, bKash, Grameen Phone, MAS Holdings and Virtusa in this region.

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