FEBRUARY 2020CIOAPPLICATIONSEUROPE.COM9Cyber Security & Oracle CloudMany studies have often found security to be the leading concern, scepticism or fear that stands in the way of cloud adoption. In recent times, relentless and continuous surge of cyber-attacks has triggered a more vigilant IT atmosphere within Enterprises. In the context of On-Premise, security breaches often happen because the systems are not being properly maintained or patched well enough. In-house cybersecurity teams are tasked with identifying anomalies and responding to potential threats, they face additional limitations with traditional on-premises solutions, inadequate storage, processing power and scalability.Furthermore, the need for regular capital investment in on-premise infrastructure can also lead to behaviours of "sweating assets" or delaying investments which can create greater exposure to cyber risks. One of the benefits of cloud is that it is operational expenditure and is "ever green" and up to date.Oracle Cloud is built around multiple layers of security and multiple levels of defence throughout the technology stack. If vulnerability is discovered and exploited in one layer, the unauthorized user will be confronted with another security control in the next layer.Oracle provides options for encryption, redaction, and data masking capabilities for data protection. Oracle provides privileged user controls on various administrators.Oracle cloud's autonomous offerings promises self-tuning, self-healing with automated maintenance and updates and very little downtime.Benefits of Oracle CloudThe key benefits we realized by moving our insurance solution on Oracle Cloud are1. Fast Time to Market 2. Full SaaS cloud-based Insurance solution3. Secured and Compliance Assured4. Scalable and usage based, growing with the insurer's business5. Integrated and high performant system6. Ease of moving workload (Lift & Shift)7. Lower total cost of ownership8. Low experiment costPlans with Oracle CloudAt Charles Taylor InsureTech, we continue to explore how Oracle Cloud technologies can be integrated into our future world class insurance solution offerings. Areas that we are either starting work on or already have proof of concepts underway include:1. Oracle Digital Assistant (Chatbot)2. Oracle Autonomous Datawarehouse3. Oracle Autonomous Transaction Processing4. Oracle API Platform Cloud Service5. Oracle Analytics Cloud Service6. Oracle IoT Cloud Service7. Oracle Blockchain Cloud ServiceConclusionOracle has traditionally been at the fore-front of offering secure and high-performance enterprise systems and software. Oracle Cloud Infrastructure (Oracle's Gen-2 Cloud) follows the same principle. With sophisticated security and high performance, Oracle Cloud Infrastructure offers a safer place for companies to run their business.Their roadmap of utilising Artificial Intelligence (AI) and Machine Learning (ML) in their autonomous offerings and digital assistant platform is impressive and Oracle Cloud offers the widest range of cloud services within IaaS, PaaS and SaaS. All these qualities make Oracle Cloud an attractive cloud platform for insurance companies to move their complex, high volume work-loads on Oracle Cloud and offer high quality of service to their users. Our partnership with Oracle allows us to take advantage of Oracle Cloud's prowess and enables us to build market leading insurance business solutions for our clients. With sophisticated security and high performance, Oracle Cloud Infrastructure offers a safer place for companies to run their businessJASON SAHOTA
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