Oracle’s Billion-Dollar Commitment to Spain’s Digital Future
As the world races towards digital transformation, Spain is quickly becoming a major player in the cloud computing arena. Following significant investments by Amazon and Microsoft, Oracle has announced a monumental $1 billion investment to establish a new cloud region in Madrid. This ambitious project will unfold over the next decade, leveraging a Tier 3+ data centre provided by Telefónica, ensuring stringent European data sovereignty.
Oracle’s investment underscores the country’s burgeoning status as a tech hub. The Madrid cloud region aims to bolster the resilience of large enterprises and public administrations, particularly within the financial sector. By migrating mission-critical workloads to Oracle Cloud Infrastructure (OCI), businesses can tap into high-performance cloud services and enhanced security.
Albert Triola, Country Leader of Oracle Spain, emphasised that the investment isn’t about building vast data centres but about offering cutting-edge cloud services and AI tools. This approach is expected to accelerate the digital transformation of Spanish businesses, providing them with the necessary tools to boost performance and resilience.
Driving Digital Transformation and Regulatory Compliance
Spain’s rapid adoption of cloud technologies reflects a broader trend of embracing AI and data analytics. With the impending launch of Oracle’s Madrid cloud region, organisations will gain access to advanced digital technologies, facilitating compliance with stringent regulations such as the Digital Operational Resilience Act (DORA) and the European Guidelines on Outsourcing (EBA, EIOPA, ESMA).
Oracle’s commitment to Spain includes solutions for data residency and disaster recovery, ensuring business continuity and compliance with both local and EU regulations. This move is a strategic win for Spanish enterprises, particularly those in sectors like finance, where regulatory compliance is critical. By leveraging Oracle’s cloud infrastructure, businesses can ensure their operations remain resilient against disruptions.
Triola highlighted that the Madrid cloud region will support public and private sector organisations in their cloud migration journey. The investment is set to empower Spanish companies to innovate with AI, thereby transforming their business models and enhancing competitiveness.
Public-Private Partnerships Fueling Innovation
The collaborative spirit between the public and private sectors is a cornerstone of Spain’s digital strategy. José Luis Escrivá, Minister of Digital Transformation and Public Administrations, welcomed Oracle’s investment, recognising its potential to drive innovation and digital transformation across the country. Similarly, Miguel López-Valverde, Councillor for Digitalisation of the Community of Madrid, underscored the importance of such investments in fostering a robust digital economy.
Oracle’s Madrid cloud region will be part of a broader initiative to establish a resilient and scalable cloud infrastructure. This includes low-latency access to cloud services, disaster recovery capabilities, and support for high-availability applications. Spanish organisations will benefit from Oracle’s extensive suite of over 100 cloud services, spanning AI, data analytics, and hybrid cloud solutions.
The strategic collaboration with Telefónica España as the host partner further strengthens Spain’s position as a leading destination for cloud infrastructure. Telefónica’s network and IT expertise will be instrumental in ensuring the successful deployment and operation of Oracle’s cloud services.
Empowering Businesses and Advancing Digital Skills
The ripple effects of Oracle’s investment are expected to be far-reaching, particularly in terms of enhancing digital skills across Spain. The new cloud region will serve as a catalyst for digital innovation, enabling businesses to modernise their applications and infrastructure. Organisations like Banco Sabadell and Naturgy are already gearing up to leverage Oracle’s cloud capabilities to enhance agility and security.
For instance, Banco Sabadell plans to migrate its critical workloads to Oracle Cloud Infrastructure, ensuring compliance with local regulations and gaining a robust and secure cloud foundation. Similarly, Naturgy is migrating a significant portion of its data infrastructure to Oracle’s cloud, attracted by its scalability and performance benefits.
As the world embraces digital transformation, Spain’s strategic position in the global tech landscape is solidified by Oracle’s commitment. The investment will not only drive economic growth but also create high-quality jobs and attract further investments, fostering a vibrant digital economy.
In conclusion, Oracle’s $1 billion investment in a new cloud region in Madrid marks a significant milestone in Spain’s digital journey. This initiative is set to transform the landscape of Spanish businesses, providing them with the tools to innovate, comply with regulations, and enhance resilience. With the support of Telefónica and the Spanish government, Oracle is poised to play a pivotal role in the country’s digital future, propelling Spain to the forefront of the global tech industry.
FAQ
Oracle is investing $1 billion in Madrid over the next ten years.
Oracle’s investment will establish a new cloud region, offering cutting-edge cloud services and AI tools.
Madrid’s strategic location and collaboration with Telefónica ensure stringent European data sovereignty.
The financial sector and public administrations will benefit significantly, along with various other industries.
Oracle’s services will help meet requirements like the Digital Operational Resilience Act (DORA) and European Outsourcing Guidelines (EBA, EIOPA, ESMA).
