Oracle investment to boost digital economy
03 Oct 2024
Inflow of RM27bil poised to nurture the country’s next-generation digital talent
United States-based Oracle Corp’s investment of over Us$6.5bil (Rm27bil) in Malaysia is expected to nurture the country’s next-generation digital talent and strengthen its digital economy.
The multi-billion-dollar investment will be used to establish a new cloud region aimed at harnessing the power of artificial intelligence (AI) and modernising local businesses.
Oracle Malaysia managing director Fitri Abdullah said Oracle understands the importance of developing Malaysia’s talent pool to ensure a skilled and ready workforce as the country’s digital economy grows.
“We have made great strides with Oracle Academy in Malaysia that has worked with more than 80 educational institutions to help them prepare students for successful technology careers with knowledge, handson practice and career-relevant skills. Our investment of more than Us$6.5bil continues to build on nurturing Malaysia’s next generation of digital talent,” Fitri told Starbiz.
Yesterday, Oracle said it plans to invest more than Us$6.5bil to set up its first public cloud region in Malaysia.
Oracle’s investment in Malaysia marks one of the largest technology commitments in the country, driving the total investment by global tech giants to Us$16.9bil to-date.
This follows Microsoft Corp’s Us$2.2bil push to expand cloud and AI services, Google’s Us$2bil for its first data centre and cloud region, and Amazon Web Services’ Us$6.2bil commitment through 2038, underscoring Malaysia’s growing importance as a digital hub in South-east Asia.
Although Oracle did not specify the timeframes for the investment, Fitri said the investment underscored the company’s long-term commitment to the country, where it has operated for over 35 years.
“With Oracle’s cloud region in Malaysia, organisations in the country will be able to migrate mission-critical workloads to the Oracle Cloud Infrastructure (OCI) and leverage cloud and AI infrastructure and services,” he added.
It will enable businesses to modernise their applications, innovate with data and analytics, and capitalise on advanced AI capabilities.
The firm said the new cloud region will offer access to more than 150 services, further driving Ai-fuelled innovation and supporting Malaysia’s digital economy.
It will also extend OCI’S footprint in Asiapacific to a total of 12 public cloud regions.
Oracle Japan and Asia-pacific executive vice-president and general manager Garrett Ilg said Malaysia offered unique growth opportunities for organisations looking to accelerate their expansion with the latest digital technologies.
“Our multi-billion-dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure
“With Oracle’s cloud region in Malaysia, organisations in the country will be able to migrate mission-critical workloads to the Oracle Cloud Infrastructure and leverage cloud and AI infrastructure and services.” Fitri Abdullah.
Source: The Star
