FILE PHOTO: The logo of Spanish telecommunications company Telefónica is seen at its headquarters in Madrid, Spain on May 12, 2021. Reuters / Sergio Perez
September 27, 2021
MADRID (Reuters) – Spain’s Telefonica has announced a multi-year contract with cloud service provider Oracle to move most of its database systems to the cloud in preparation for 5G and Internet of Things (IoT) use. )
Carriers already using Oracle’s data systems will move their data systems to a fully cloud-based private platform that supports internal and commercial operations, including business intelligence services, billing, revenue and customer management products. ..
According to a joint statement, the new platform will be operated by Oracle at Telefonica’s own data center in order to be cost-effective, secure and comply with European data laws.
“It is a four-year contract, with the ultimate goal of moving all systems. [Oracle’s] A source with knowledge of dealing with the “public cloud” said. “The private cloud is an intermediate step between connecting a physical machine and suddenly connecting. There’s nothing there.”
Fidel Jesus Fernandez, Director of Technology and IT Transformation at Telefónica, said:
The increasingly competitive, low-cost Spanish market and the high costs associated with rehabilitating physical and digital infrastructure in recent years have put pressure on needy operators to bet on rapid digitization in a pandemic. Growth.
Cloud computing is skyrocketing as companies around the world try to migrate their systems online. It benefits providers such as Amazon, IBM and Microsoft, but it also examines potential regulatory and cybersecurity risks associated with fully cloud-based operations.
(Reporting by Clara-Layla Laudette, Editing by Nathan Allen, Louise Heavens, David Evans)
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