Oracle has recently announced a significant investment of over $1 billion in Spain over the next ten years. The focus of this investment is to meet the increasing demand for cloud computing and artificial intelligence services in the country. As a part of this plan, Oracle will be establishing a third cloud region in Madrid to facilitate the migration of critical workloads from traditional data centers to Oracle Cloud Infrastructure.
This initiative will also assist clients in the financial services and industry sectors in navigating European regulations such as the European Union Digital Operational Resilience Act and the European Outsourcing Guidelines. Oracle has partnered with Telefónica Spain for the development of this new cloud region, emphasizing its commitment to supporting Spanish organizations in adopting cloud technologies to enhance business performance and resilience.
Oracle’s national leader in Spain, Albert Triola, expressed the company’s dedication to helping businesses of all sizes and industries in the country. He highlighted the importance of accelerating the adoption of cloud technologies to drive growth and adaptability in the rapidly evolving business landscape. This investment comes in the wake of Amazon Web Services’ announcement of a 15.7 billion euro expansion of its data center presence in Spain in May.
Overall, Oracle’s significant investment in Spain reflects its commitment to meeting the growing demand for cloud computing and artificial intelligence services in the country. The establishment of a new cloud region in Madrid, along with partnerships with local companies like Telefónica Spain, will enable Spanish organizations to leverage advanced technologies for improved business performance and regulatory compliance. This move also signifies the company’s recognition of Spain’s potential as a key market for cloud services, further solidifying its position as a leading provider in the industry.
Article Source
https://www.mobileworldlive.com/big-tech/oracle-to-invest-over-1b-in-spain-for-ai-cloud-computing/