Oracle has been working to establish itself as a major player in the cloud computing industry and is preparing to take on Amazon Web Services.  Oracle Executive Chairman Larry Ellison has said the company will offer online storage and customers will be able to have their applications run entirely on Oracle’s cloud network.

The new cloud service, called Oracle Cloud Platform, will be a lower cost alternative to Amazon Web Services and will contain automation to improve cost efficiency and faster processing. In addition, there will be 24 new cloud services such as Oracle Database, Oracle Integration and Oracle Process Cloud to increase Oracles presence in SaaS, PaaS, and IaaS. These programs are designed to give users a better experience while increasing productivity, allowing Oracle to compete with the big names in cloud computing like Amazon. As an example of the cost differences between Oracle and Amazon, Ellison has said “Our new archive storage service goes head-to-head with Amazon Glacier and it’s one-tenth their price.”

Also, Oracle Cloud Services has been growing rapidly. Ellison notes, “Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That’s an industry record; no company has ever sold that much in just one quarter… Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors.”

So, while Amazon Web services may be the big name in cloud computing for now, Oracle is on the rise in the rapidly expanding industry.

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