Do the Benefits of Cloud Outweigh the Costs?
Companies are now making a decisive shift from traditional on-premises Oracle software to Oracle’s cutting-edge cloud solutions. In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022. Worldwide spending on public cloud services is expected to grow by 21.7% in 2023.