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Oracle predicts 80 percent on innovation in IT budgets
An average of 80 percent of IT budgets will be spent on business innovation, and only 20% of the budgets…
An average of 80 percent of IT budgets will be spent on business innovation, and only 20% of the budgets will be used on system maintenance.
This was a key prediction made at the Oracle Open World 2017 by Mark Hurd, CEO Oracle.
Hurd made cloud predictions and discussed the future of business. Oracle customers Bloom Energy, FedEx, and Gap joined Hurd on stage to share how Oracle Cloud innovations are making their businesses more agile, efficient and profitable.
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Other key predictions for 2025 made by Hurd included:
- 100% of application development and testing will be conducted in the cloud.
- 80% of production apps will be in the cloud.
- 80% of IT budgets will be spent on cloud services.
- All enterprise data will be stored in the cloud.
- Enterprise clouds will be the most secure place for IT processing.
Hurd reinforced the success of Oracle’s cloud strategy to build the applications, platform and infrastructure that will enable customers to either move to the cloud or start in the cloud.
“It’s important to have great apps, but great apps that work together, the most complete suite of PaaS services and the next generation of infrastructure as a service that all work together to complement each other,” Mark Hurd, Oracle CEO
“It’s important to have great apps, but great apps that work together, the most complete suite of PaaS services and the next generation of infrastructure as a service that all work together to complement each other,” Oracle CEO Mark Hurd. “That’s what we’ve built out, and that’s what we now have.”
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The press statement also highlighted the significant expansion of Oracle Cloud, noting that in the last five years, Oracle released 3,500+ SaaS services and 125+ PaaS services making Oracle the most complete cloud in the industry.