Oracle Plans To Take Full Advantage Of Nigeria’s Tech Market

Oracle Corporation is making plans to take full advantage of the accelerated growth of technology adoption in Nigeria and interest in digital transformation with its robust cloud solution offerings.

The company which has been identified as the fastest growing scaled cloud company, has based its Nigeria and Africa investments on a recent International Data Corporation (IDC) report which shows that public cloud adoption in Nigeria was already close to 40 percent, with 20 percent of organisations looking to implement cloud solutions by end of 2018.

Speaking to newsmen recently in Lagos, Adebayo Sanni, Managing Director, Oracle elaborated  the key factors driving the rapid adoption of Oracle cloud solutions in Nigeria. He also highlighted key technology trends, organisations in Nigeria are expected to adopt in 2018.

‘Cloud is now a mainstream approach in Nigeria and we are increasingly seeing business leaders opt for solutions that allow them to free up resources for creating unique customer experience; drive innovation or reduce ownership costs,’ Sanni said.

He added that, ‘Over the past few years Oracle has invested in expanding its footprint, increasing the workforce and introducing latest cloud solutions in the country. This sustained engagement has helped us support the digital transformation initiatives of a host of organisations and thus drive solid momentum for Oracle cloud in Nigeria.’

Also speaking, Oluwole Abegunde, Senior telecoms and IoT analyst, IDC West Africa, commended Oracle’s decision to focus on its Nigerian market, as ‘cloud in Nigeria is moving from infancy stage to the growth stage.’

Sanni highlighted some of Oracle’s tech predictions for Nigeria, some of which include the fact that; enterprise security will become company job number one with much of it being automated, and that in 2018, Artificial Intelligence (AI) will cement its place in enterprises.

They also predicted that by the end of 2018, most customer support in will be conducted by chatbots. Although there has been some adoption of chatbots since late 2017, especially amongst e-commerce and telecommunications companies, oracle predicts that the use of chatbots will become more popular by the end of this year. Sanni also explained why blockchain will emerge as a transformational technology and IoT will evolve from individual components to an integrated platform in 2018.

Based on Oracle’s predictions of how technology will affect Nigeria in 2018, it is more likely that regulated industries will move to the cloud en masse and Oracle is rightly positioned to take advantage of this.

‘With IDC projecting the country’s ICT market to grow to USD 10 billion in 2018; Nigeria is fast emerging as the hotbed of technological innovation in Africa and we are working with customers that sit right on the edge of this potential,’ Sanni said.

‘In a market defined by growth, development and change, Oracle Nigeria has focused on redefining the capabilities of cloud, the potential of technology and the relevance of innovation. From the ubiquity of next-generation cloud to the reliability of blockchain, we continue to invest in solutions and services that will help bring transformational change for our customers,’ he added.

Oracle specialises primarily in developing and marketing database software and technology, cloud engineered systems and enterprise software products — particularly its own brands of database management systems. In 2015, Oracle was the second-largest software maker by revenue, after Microsoft.

Businessday.

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