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Asian Firms Failing on Innovation Projects, Said an Oracle Survey

While 28 per cent of respondents cited ongoing inertia and resistance to change, 26 per cent said lack of process is hampering their innovation efforts

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Witnessing double-digit growth in India for past 3 years: Oracle. IANS

Fewer than 20 per cent of innovation-focused projects are coming to life, primarily because of lack of focus and leadership, poor processes and an ongoing resistance to change, an Oracle survey said on Tuesday.

Two thirds of those surveyed said 80 per cent of innovation projects never make it to market while over one third of companies are overwhelmed by too many innovation projects, the findings showed.

“While Asia has taken a lead globally in innovation, the research confirms the growing feeling that there is an impending innovation winter coming,” said Andrew Sutherland, Senior Vice President, Technology and Systems, Oracle APAC and EMEA.

The survey of over 1,850 decision makers across the Asia Pacific region in the cloud solutions and software market also revealed that despite a clear link between growth and innovation, most of the companies interviewed have little plan to be proactive in innovation over the next three years.

Oracle office.

“In today’s highly competitive global economy, companies cannot afford to sit back. Those who do risk being outpaced with little hope of catching up. Instead, they need to look at the barriers and actively seek to address them,” Sutherland added at the “Oracle OpenWorld Singapore” event.

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While 28 per cent of respondents cited ongoing inertia and resistance to change, 26 per cent said lack of process is hampering their innovation efforts.

“Organisations are moving away from traditional critical success factors measuring success of employee productivity (52 per cent) and revenue (53 per cent) and increasingly looking towards areas like customer experience (57 per cent) and retention (52 per cent) as the key measures for Return on Investment (ROI),” the report added. (IANS)

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Oracle and Microsoft Expand Cloud Partnership to Serve Customers in Canada

Earlier this year, Oracle and Microsoft created an interconnect in Ashburn (North America), Azure US East, and in London

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Microsoft and Oracle plan to make the direct interconnect available in additional regions, including on the US West Coast, in a US Government specific region, in Asia, and in the European Union. Pixabay

 Oracle and Microsoft have expanded their Cloud partnership to now help customers in Canada run their mission-critical workloads across Oracle Cloud and Microsoft Azure.

“Our new interconnect location means enterprises can now build workloads that seamlessly interoperate between Microsoft and Oracle cloud regions in Canada. This interconnect builds on an existing partnership announced in June last year,” Vinay Kumar, Vice President, Product Management, Oracle Cloud Infrastructure, said in a statement.

The partnership has received a huge amount of interest, as 80 per cent of enterprises use a combination of Microsoft and Oracle software to run their businesses.

These workloads include financial planning, inventory, sales applications — and their underlying databases.

“The expansion will give more customers direct, fast and highly reliable network connectivity between Microsoft Azure and Oracle Cloud, while providing first-class customer service and support that enterprises have come to expect from the two companies,” said Kumar.

The global demand for running applications and databases in multi-cloud environments continues to accelerate.

“With the new interconnect, our Canadian customers can now take advantage of a nearly seamless cloud integration between the world’s largest enterprise cloud providers, Microsoft and Oracle,” said Clay Magouyrk, senior vice president of engineering, Oracle Cloud Infrastructure.

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Oracle and Microsoft have expanded their Cloud partnership to now help customers in Canada run their mission-critical workloads across Oracle Cloud and Microsoft Azure. Wikimedia Commons

Microsoft and Oracle plan to make the direct interconnect available in additional regions, including on the US West Coast, in a US Government specific region, in Asia, and in the European Union.

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Earlier this year, Oracle and Microsoft created an interconnect in Ashburn (North America), Azure US East, and in London. (IANS)