Oracle has revealed plans to invest over $1 billion to establish a new cloud region in Madrid amid the increasing demand for AI and cloud services in Spain. As Telefónica Spain partners with Oracle, this new region is expected to benefit public and private organizations by enabling the migration of workloads to Oracle Cloud Infrastructure (OCI) to meet regulatory requirements such as the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines.
The forthcoming cloud region in Madrid aims to support various industries, including the financial sector, in leveraging data, analytics, and AI for innovation. Oracle’s wide range of cloud services, including AI infrastructure, MySQL HeatWave Database Service, and OCI Generative AI Service, will be accessible to customers across different cloud environments globally.
Spanish government officials, such as José Luis Escrivá and Miguel López-Valverde, have welcomed Oracle’s investment, highlighting its potential to drive digital transformation and economic growth in the region. In addition to the new public cloud region, Oracle also offers an EU sovereign cloud with a dedicated region in Madrid to address data residency and regulatory requirements for sensitive data.
With OCI’s resilient and scalable cloud foundation, organizations, especially in the financial services sector, can benefit from enhanced data security and regulatory compliance. Oracle’s efforts to support customers with due diligence and regulatory obligations, such as DORA requirements, demonstrate its commitment to facilitating cloud adoption in Spain.
Leading organizations in Spain, including Telefónica Spain, Banco Sabadell, and Naturgy, have expressed their support for Oracle’s cloud services, citing scalability, performance, and security as key advantages. These companies plan to leverage Oracle Cloud Infrastructure for critical workloads and infrastructure support systems to enhance their operations and business resilience.
Oracle’s distributed cloud offerings, including public, dedicated, hybrid, and multicloud options, provide organizations with a flexible and controlled cloud environment to meet various business needs. With its integrated application suites and secure infrastructure, Oracle aims to empower organizations in Spain and globally to drive innovation and digital transformation.
In conclusion, Oracle’s investment in a new cloud region in Madrid signifies its commitment to supporting the digital evolution of businesses in Spain. By providing advanced cloud services and AI capabilities, Oracle aims to help organizations accelerate their adoption of cloud technologies and thrive in today’s competitive landscape.
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https://www.datanami.com/this-just-in/oracle-to-invest-more-than-1b-in-ai-and-cloud-computing-in-spain/