Oracle Cloud Infrastructure Dedicated Region will now have a minimum commitment of about $1 million a year, far below the previous requirement of $6 million a year in consumption over a three-year period. Credit: IDG In an effort to appeal to a broader range of users, Oracle is reducing the entry price for its Oracle Cloud Infrastructure (OCI) Dedicated Region. OCI Dedicated region, which started off as a service to enable enterprises to take advantage of cloud technology inside their data centers while complying with data residency and other regulatory guidelines, offers a portfolio of public cloud services along with Oracle Fusion SaaS applications. The reduction in prices will enable enterprises to start at an entry price of $1 million a year, Oracle said, adding that the new dedicated region requires 60%-75% less data center space and power on average. Up to now, the service required a minimum commitment of $6 million a year in consumption over a three-year period. “The move to reduce prices show that Oracle is confident with scaling to a larger number of customers with smaller footprint. The total addressable market grows massively with that,” said Holger Mueller, principal analyst at Constellation Research, adding that OCI is one of Oracle’s big bets that is showing signs of success. The price reduction follows quarterly results in which Oracle reported that demand for cloud infrastructure combined with the rise in sales of SaaS services boosted revenue to $11.8 billion. Distributed cloud strategy with Roving Edge Infrastructure Oracle, which has 38 OCI Dedicated regions globally, is also offering a distributed cloud strategy with the service, along with the option of extending it on hybrid architectures using Roving Edge Infrastructure. Roving Edge Infrastructure consists of local edge devices that contain scalable server nodes designed to allow enterprises to connect to Oracle’s cloud services and applications. The OCI Region is operated as a commercial and government public cloud in 38 regions, and can be interconnected with other clouds for multicloud architectures, or act as the control plane for hybrid cloud offerings, Oracle said. The company also introduced a new OCI Compute Cloud@Customer service in preview. The compute service is a rack-scale system meant for smaller environments than OCI Dedicated Region and will enable organizations to run applications on OCI-compatible compute, storage, and networking in their data centers, Oracle said. “The main aim behind launching Compute Cloud@Customer is to primarily allow existing customers to move to the cloud and look at other rivals or alternatives,” Mueller said. Related content news Google spurs US to ease immigration rules for tech talent Citing a US talent shortage, the tech giant has urged the Department of Labor to expand Schedule A occupations to include AI, software engineering, and cybersecurity roles. By Sascha Brodsky May 01, 2024 4 mins H-1B Visas Hiring Technology Industry brandpost Sponsored by Cisco Reduce your network complexity with AI Jumpstart your AI-enabled network transformation now to achieve multiple benefits. By Matt Landry May 01, 2024 5 mins Networking brandpost Sponsored by SAP Internet startup launches while embracing adoption Internet provider Brightspeed had to replicate information from its SAP solutions to AI-ready, data analytics platform Google BigQuery. SAP’s adoption strategy helped empower the company to become an intelligent enterprise. By Keith Elliot Greenberg, SAP Contributor May 01, 2024 4 mins Digital Transformation feature Expectations vs. reality: A real-world check on generative AI Now with the benefit of hindsight, organizations are more aware of moving cautiously to ensure gen AI delivers rather than disappoints. By Mary Branscombe May 01, 2024 11 mins Microsoft Generative AI Development Tools PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe