Asia Banking on Big Data
Oracle’s Enhanced Customer Data Centers in Asia
2013 will bring more movement for data centers as hardware vendors work to round out their converged data center offerings via continued M&A activity. “We are dedicated to simplifying IT, so customers can focus on driving business innovation,” said Oracle President Mark Hurd. More than 25 million users and more than 10,000 organizations use Oracle Cloud worldwide each day.
Worldwide revenues from cloud infrastructure services reached US$12.5 billion in Q4 2012 and US$47.2 billion for the full year. Synergy data showed regional spending on IaaS and PaaS passed the US$1 billion mark in 2012, having grown by 55 percent from 2011. Oracle’s shares plunged nearly 10 percent on March 21 after its fiscal Q3 results released late the day earlier missed Wall Street expectations and company outlook. IBD reported that Oracle executives mostly blamed poor sales execution for the miss. The industry as a whole closed the day up 0.1 percent on April 8. By the end of trading, Oracle Corporation rose 33 cents (1 percent) to $32.36 on light volume. The stock ranges in price between $31.90 and $32.36.
Banks direct relationships are accurate to better understand their customers through big data. Even more so that they are typically more advanced vs other industry sectors. Good Innovation Models can come about in analyzing customer experience, customer behavior; which for a bank can reach across millions of their direct consumers through its channels of Mobile banking, ATMs, call centers, corporate websites and retail branches. This all has the ability to detect triggers in internal problem areas for banks which there analytics can lead to new model implementations, customer profitability.
Investors should also continue to watch evolving trends and big data growth returns of a company’s new products and technologies. There are also huge opportunities in re-writing client-server applications to run on cloud stacks and, in building and managing, a new class of smaller, cloud-compatible data centers.