ORACLE OPENWORLD INDIA 2017: KEY ANNOUNCEMENTS ACKNOWLEDGE INDIA’S TECH PROWESS
Announces GST-ready Oracle ERP Cloud for India
Oracle ERP Cloud delivers built-in features to facilitate compliance with new GST regulations, provides native support for GST Network integration and reporting, and support for local requirements including withholding, payment processing, and statutory reporting.
To help customers successfully manage this transformation, trained and certified Oracle ERP Cloud consultants from Oracle partners, including Clover Infotech, Deloitte, Filix Consulting, KPIT, KPMG, and Price water house Coopers, are currently engaged with customers.
Oracle ERP Cloud delivers embedded analytics, contextual social collaboration and a deviceindependent mobile experience. Importantly, Oracle ERP Cloud will now enable Indian firms to administer and leverage the significant GST process changes, including tax calculations, liability accounting, recovery, settlement and reporting. The availability of Oracle ERP Cloud in India reflects Oracle’s support of the government’s Make in India initiative.
“Global adoption of our leading Oracle ERP Cloud continues to accelerate,” said Safra Catz, CEO, Oracle. “We expect this trend to grow in India as customers can now take advantage of Oracle ERP Cloud’s comprehensive tax management capabilities, fully integrated with core ERP functions, to help make better business decisions and address regulatory changes driven by the new GST.”
Validates Oracle Cloud Platform for India Stack
Oracle Cloud Platform has been validated to develop applications using India Stack services. Key to the country’s “Digital India” vision, India Stack is a set of APIs that allows developers working with government, businesses, and startups to utilize a unique digital Infrastructure to deliver secure presence-less, paperless, and cashless service
delivery. With this validation, developers and partners can leverage Oracle Cloud at Customer to create and test next generation cloud applications that invoke core India Stack APIs, including Aadhaar Authentication and eKYC, eSign and DigiLocker.
With this validation, developers gain ultimate choice and flexibility of where to deploy their modern India Stack-based applications - inside their own datacenter, in the Oracle Cloud, or in a traditional on-premises environment. Leveraging Oracle’s Cloud PaaS and IaaS capabilities, Oracle Cloud at Customer offerings enable customers to innovate faster, while meeting regulatory, data sovereignty and residency requirements behind their firewall. With a comprehensive, integrated portfolio of platform services, the offering enables users to increase productivity and lower costs. India Stack APIs can also be leveraged with Oracle SaaS applications for India specific enhancements.
Demonstrating the strength of the India Stack movement, daily transactions have already topped 20 million and are expected to soon reach more than 100 million. Early adopters of the India Stack already include innovative developers participating in the Oracle Startup Cloud Accelerator (OSCA) program, such as ezeDox, a startup that is changing the way documents and related processes are produced, stored, and consumed digitally.
Announces India datacenter for an India-based Cloud
Oracle announced it will expand its cloud services in India over the next six to nine months with plans for an Oracle data center in India. The data center is likely to come up in Maharashtra.
Over the coming months Oracle will be reviewing proposals from government and business partners to provide customers with the capability to build and move workloads to an India-based cloud. The services will offer uncompromised security and performance at a significant price advantage over both existing on-premises infrastructure and competitive cloud offerings.
Oracle’s expanded infrastructure footprint is a result of tremendous customer demand.
“Our customers and partners in India have trusted their businesses and mission- critical workloads to the Oracle Cloud for years,” said Thomas Kurian, president of product development, Oracle. “With this expansion we will be able to further support customer choice adding to capabilities already available through deployments of Oracle Cloud at Customer, as well as other Oracle Cloud data center regions in Asia Pacific.”
Opens Doors For New Indian Startups
The Oracle Startup Cloud Accelerator program provides startups with six months of training and mentorship, state- of-the-art technology, a co-working space, access to Oracle customers, partners and investors and free Oracle Cloud credits. Through this initiative, Oracle is looking to boost entrepreneurship, economic development and further the country’s digital agenda.
Unlike traditional accelerator programs, this is a next-generation acceleration initiative driven by Oracle R&D, and has a focus on reimagining enterprise innovation through true partnership with startups. The initiative targets medium-sized firms, including MSMEs (micro, small, medium enterprises) and startups, which encompass a highly vibrant and dynamic sector of the Indian economy, contributing more than 37 percent of India’s GDP.
Oracle Startup Cloud Accelerator Batch One participants
• ExpertRechas developed a machine learningbased, plug-and-play search and recommendation solution for online marketplaces • NiYO Solutionsis a fintech startup focused on alternate payment mechanisms • Ray IoT Solutionshas developed a mobile-based sleep monitoring device to detect infant healthcare dysfunctions • Tydyprovides a mobile first, automated employee on-boarding platform • Vearprovides a device agnostic, augmented and virtual reality platform for content distribution and marketing
Oracle Startup Cloud Accelerator Batch Two participants
• ezeDox is a digital locker built on theAadhaar ecosystem using India Stack building blocks to connect organizations and users. It provides digitally signed online applications, eKYC enablement, storage, collaboration, categorization, tagging, browsing, and document sharing. • comis a data science and predictive analytics firm that provides dynamic price locks to hold airfares for undecided travelers, giving them more time to plan. It has an extensive risk management process to keep lock pricing attractive to end customers while mitigating the operational risks involved for air carriers. • Re#hashis a platform for the post-sales lifecycle management of consumer products. After a product is purchased, this app enables repair, service, renew, resale, or recycle in just a few clicks. This is a one-stop tool to manage products from cradle (date of purchase) to grave (end-of-life recycling). • Sonder Connectis a not-for-profit trust founded by four women who identify, nurture, and champion high potential women-led startups in India with the goal of growing them to be multimillion/billion dollar companies. • Trendlyneis a financial services advisor marketplace that provides equity scoring, analytics (including interactive charts with bullish/bearish/ fundamentals indicators), custom alerts, and an aggregated business newsfeed.
Benefits of associating with Oracle Startup Cloud Accelerator Program include:
• Over 125 hours of combined mentorship from Oracle and industry experts, which includes CTOs and CIOs of established startups and peer organisations • 24×7 access to a co-working space within Oracle’s premises, with Internet connectivity. The space also includes an activity centre, a café, and a creative, fun, healthy working environment • Access to Oracle’s vast ecosystem of customers and partners • Ongoing interactions and sessions with the investor community • Access to Oracle Cloud (including training), at no charge • After completing the six-month program, the startups that have leveraged Oracle Cloud for their business may be eligible to continue using it for an extended period
API Platform Cloud Provides Business Transformation
Oracle has expanded Oracle Cloud Platform’s integration offerings with the availability of Oracle API Platform Cloud Service. Bringing together leading API-first design and governance capabilities from recently acquired Apiary and API management from Oracle, the new cloud service delivers end-to- end capabilities for designing, prototyping, documenting, testing, and managing the proliferation of critical APIs. Through a completely new and simplified API management experience, users can easily support changing business demands while having clear visibility into who is using APIs for better control, security, and monetization of digital assets.
Part of the Oracle Cloud Platform, Oracle API Platform Cloud Service is designed to eliminate the complexities associated with transforming onpremises API solutions into the cloud, so companies can thrive in the digital economy. Users can grant external developers and partners access to data locked behind firewalls, inside applications, and within data stores, enabling them to power a