“We are very proud to witness this cloud infrastructure expansion and commitment to helping Chilean organizations embrace the transition to the cloud. This cloud Region will not only improve our clients’ experience, but it will also have a positive impact on the country’s innovation ecosystem and will help boost its digital economy by providing endless possibilities,” said Luiz Meisler, executive vice president, Oracle Latin-American.
The new cloud region will deliver Oracle Cloud services, including Oracle Autonomous Database, Kubernetes, Oracle Cloud VMware solution, Oracle Cloud Infrastructure, and Oracle Cloud Applications services. The new region will deliver multiple benefits to customers, especially to those in highly regulated industries with restrictions to access servers outside the national territory. In addition, Oracle’s first cloud region in Chile will also positively impact other Latin American countries, such as Argentina, Peru, Uruguay, Paraguay and Bolivia.
The Oracle Chile Cloud Region features multiple independent fault domains, enabling customers to deploy applications with high availability and it is also connected to a separate site in São Paulo, Brazil, as well as all of Oracle’s other cloud regions via Oracle Cloud’s private high-speed network backbone. This will allow organizations to deploy cloud services in multiple independent regions for disaster recovery, as well as host and store all transactional data in the region.
Chile was chosen as a strategic region because the country has been a pioneer in the adoption of public cloud services and Oracle has seen strong customer demand for cloud infrastructure in the region. In fact, IDC estimates the cloud Infrastructure as a Service (IaaS) investment trend for Chile will rise to an average compound growth of 41 percent by 2024, which is higher compared to other Latin American regions.
Pamela Gidi, Undersecretary of Telecommunications of Chile said, “Our country continues to invest and expand in world-class digital infrastructure that will position it as a digital hub of Latin America. We are currently seeing great infrastructure momentum with international organizations deploying new local data centers combined with our governmental digital connectivity projects, such as the Transpacific Cable and our roll out of the National and Austral Fiber Optic network. These infrastructure and private multinational initiatives confirm that investment interest is high and thanks to Chile’s powerful digital deployment plan, it will allow our country to reactivate its economy, strengthening other productive sectors and deliver new digital services for citizens.”
As the COVID-19 crisis continues, many companies have been forced to move their business and operations online, changing their IT priorities considerably. IDC expects a faster adoption trend of 25 percent CAGR for the next 5 years that will lead a regional spending in public cloud services of almost 50 percent by 2025.
“To support that expected growth path, it is certainly necessary to have large local infrastructure investments as there are many challenges to face, such as latency with services provided from other regions, complying with data sovereignty regulations and at the same time matching world class cybersecurity practices and methodologies. It is also important to mention that these kinds of investments bring additional value for the countries’ economies as they become a catalyst for increasing productivity and bolster open innovation for local ecosystems,” said Juan Pablo Seminara, program manager, Enterprise, IDC Latin America.
