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Oracle makes case for ‘cloud’

For Oracle’s stand point, the future looks grim for the current On-Premise operating model which many companies adopt for their Information Technology needs. Research shows that IT equipment is aging faster-up to 30 % in some industries. An average of 80 percent of companies’ IT budget is spent on maintenance and integration rather than innovation and progress. Yet system failures are increasing and despite cybersecurity spending growing at 10 percent per year, 95 percent of networks have been breached.

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