At Oracle OpenWorld, in his keynote, Oracle CEO Mark Hurd has shared his cloud predictions and discussed the future of business. According to the CEO’s key predictions, in 2025, 100% of application development and testing will be conducted in the cloud while 80% of IT budgets worldwide will be spent on cloud services.
Mark Hurd reinforced the success of Oracle’s cloud strategy to build the applications, platform and infrastructure that will enable customers to either move to the cloud or start in the cloud. He highlighted the significant expansion of Oracle Cloud, noting that in the last five years, Oracle released 3,500+ SaaS services and 125+ PaaS services.
“It’s important to have great apps, but great apps that work together, the most complete suite of PaaS services and the next generation of infrastructure as a service that all work together to complement each other,” said Oracle CEO Mark Hurd. “That’s what we’ve built out, and that’s what we now have.”
Hurd’s other key predictions for 2025 include:
- 80% of production apps will be in the cloud.
- 80% of IT budgets will be spent on business innovation, and only 20% on system maintenance.
- All enterprise data will be stored in the cloud.
- Enterprise clouds will be the most secure place for IT processing.
Oracle customer Bloom Energy joined Hurd on stage to share how Oracle Cloud innovations are making the company’s business operations more “agile, efficient and profitable.”
“With Bloom, we help customers pay as they grow,” said Randy Furr, CFO of Bloom Energy. “And this is very much akin to the Oracle Cloud. Now Bloom, from the early days, we’re the largest fuel cell provider out there. We’ve kind of had to create an industry. And we’ve been fortunate in that we picked early the Oracle ERP, EPM, and Supply Chain, and it’s helped us grow and scale our business.”