Narayan AmmachchiAmerican multinational computer technology corporation Oracle has set up its first Latin American innovation center in the Argentinean capital of Buenos Aires, as it gears up to capitalize on the growing demand for its cloud services in the region.
“These days, we are seeing growing interest among companies in embarking on the digital journey,” said Mario Cuniberti, Director of Architecture for Oracle Argentina, explaining why the company chose Argentina.
The innovation center will create cloud applications and offer Internet of Things (IoT) and data analytics services for industries, particularly retail, banking, media, telecom and manufacturing.
More than anything else, the center may even become a playfield for the budding technology wizards of the region, because Oracle says it would collaborate with universities and government laboratories, and use the center to create technology prototypes.
“The center will seek to create an environment of collaborative work between Oracle and the ecosystem of customers, partners, entrepreneurs, universities, and government laboratories,” Oracle stated in a press release.
Oracle has recently stated that it is selling more cloud-based business software than traditional licensed products in Latin America. This statement makes it evident that Oracle’s cloud business in Latin America is growing like never before.
According to Reuters, the company has “thousands” of cloud clients in the region and aiming to have more than 5,000 this time next year.
Another noteworthy point is that a large majority of these customers are small and mid-sized companies.
In recent past, it set up a data center in Brazil and introduced new lines of cloud services in Mexico. “In this rapidly changing world, innovation is key to helping organizations in their transformation and adaptation,” Cuniberti added.
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