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Monthly TechNews Roundup: Oracle Announces MySQL HeatWave Lakehouse, Gartner Forecasts Worldwide IT Spending to Grow 5.1 Percent, Skill Deficit Biggest Impediment in Cloud Transformation & more

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Clover Infotech brings to you a curated round-up of important technology updates for the month of October’22.

1. Oracle Announces MySQL HeatWave Lakehouse: 17x Faster Query Performance Than Snowflake

Oracle recently announced MySQL HeatWave Lakehouse with query performance that is touted to be 17x faster than Snowflake and 6x faster than Redshift based on a 400 TB workload…

2. Oracle Launches Alloy, Its New Cloud Solution Option for Enterprises

The new cloud solution will offer a full set of cloud services along with additional value-added services and applications to meet the specific needs of their markets and industry verticals. Companies can use Alloy independently in their own data centers and fully control its operations to help address specific regulatory requirements…

3. Gartner Top 10 Strategic Technology Trends for 2023

Gartner Inc. announced its top ten strategic technology trends for 2023 at their Gartner IT Symposium/Xpo 2022 in Orlando this week. The ten trends are broken into four themes: optimize, scale, pioneer, sustainability…

4. Gartner Forecasts Worldwide IT Spending to Grow 5.1% in 2023

Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.1% from 2022, according to the latest forecast by Gartner, Inc. Demand for IT in 2023 is expected to be strong as enterprises push forward with digital business initiatives in response to economic turmoil…

5. Skill Deficit Biggest Impediment in Cloud Transformation of Indian Entities: IBM Survey

Skill deficit has emerged as the biggest impediment for Indian entities in their cloud transformation journey, followed by compliance requirements and cyber security threats, a market research report of IBM said. The survey was conducted among 3,014 IT and business professionals, including over 250 from India, in companies with annual revenue over USD 500 million who have deep knowledge of their organisation’s Cloud strategy, it added…

6. India’s Data Centre Capacity to Double up By 2024 to 1318 MW

India’s data centre industry has been on a high growth trajectory reaching a 637 megawatt (MW) of capacity in the first half of 2022, a 16% rise compared to 551 MW in 2021, and is expected to reach 1318 MW by 2024, according to a new study.

7. Half of All Indian Cos Set to Boost ICT Budget Post 5G rollout: KPMG Study

Around 50 per cent of Indian enterprises are set to increase their budget allocation for Information and Communications Technology (ICT) and industry 4.0 use cases, as 5G services roll out in the next 2-5 years, says a KPMG India report released recently.

8. 70% of Respondents Report Their Organisation Does Not Have Enough Cybersecurity 

2022 (ISC)² Cybersecurity Workforce Study sheds light on the demand for cybersecurity talent with the gap growing twice as much as the workforce with a 26.2% year-over-year surge…

9. Oracle CloudWorld 2022: The Biggest Announcements

A new Oracle platform for partners to build cloud services, a beta for the latest version of Oracle’s converged database and a beta for MySQL HeatWave Lakehouse were among the biggest announcements made recently at the vendor’s annual CloudWorld conference…

10. Oracle Brings Database Innovations to Simplify Development and Enhance Protection of Mission-Critical Apps

Oracle today announced Oracle Database 23c Beta, the latest version of the world’s leading converged database, supporting all data types, workloads, and development styles. Oracle Database 23c, code named “App Simple,” focuses on simplifying applications and development. Many additional innovations across Oracle’s database services and products portfolio extend Oracle’s leadership in performance, security, and availability for mission-critical workloads…

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