Oracle Takes Another Swing at Amazon Web Services
Like all legacy technology companies, database giant Oracle (NYSE: ORCL) has been forced to adapt to the continued rise of cloud computing. The switching costs associated with Oracle's products are significant, but the last thing the company wants is its customers moving databases to cloud computing providers like Amazon (NASDAQ: AMZN) Web Services.
At Oracle's OpenWorld conference, the company unveiled the next step in its plan to go toe-to-toe with AWS. Oracle's autonomous database cloud, powered by the next-generation version of Oracle Database, comes with some big promises. And Larry Ellison, Oracle's founder and executive chairman, had some fighting words for the cloud computing leader.
Oracle founder Larry Ellison speaking at Oracle's OpenWorld conference. Image source: Oracle.
Source: Fool.com
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