Oracle alerts Nigerians to more cyber security breaches

Cloud technology firm, Oracle has alerted both the public and private organisations to possible increase in cyber security breaches this year, adding that instead of abating, the security situation is getting worse.The American company, which canvassed increased adoption of cloud technologies, noted that breaches would force expansion in the leverage of cloud based technologies.

The Chief Executive Officer, Oracle Nigeria, Adebayo Sanni, in an interaction with journalists, in Lagos, said cloud computing enables unmatched speed, value, and better return on investment (RoI).He noted that businesses and public sector entities in Nigeria are accelerating their digital transformation initiatives with Oracle.

Sanni said Oracle specialises primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems.

According to him, Oracle cloud is already gaining momentum in Nigeria, adding that local expansion, increased workforce, and latest cloud solutions are driving rapid customer growth.

The Oracle chief said security breaches are gaining momentum daily, “and if care is not taken, more breaches will happen this year. But cloud technologies/computing can prevent this menace if adequately deplored.”

According to Sanni, cloud is now a mainstream approach in Nigeria, “and we are increasingly seeing business leaders opt for solutions that allow them to free up resources for creating unique customer experience; drive innovation or reduce ownership costs. Over the past few years, Oracle has invested in expanding its footprint, increasing the workforce and introducing latest cloud solutions in the country. This sustained engagement has helped us support the digital transformation initiatives of a host of organisations and thus drive solid momentum for Oracle cloud in Nigeria.”

Aside the security threat, which he said would lead to automation, Oracle said Artificial Intelligence (AI) will cement its place in enterprises, arguing that by the end of this year, most customer support will be conducted by chatbots.

In 2018, blockchain will emerge as a transformational technology; IoT will evolve from individual components to an integrated platform; and regulated industries will move to the cloud en masse, Oracle predicted.He said: “With IDC projecting the country’s ICT market to grow to $10billion in 2018; Nigeria is fast emerging as the hotbed of technological innovation in Africa, and we are working with customers that sit right on the edge of this potential. In a market defined by growth, development and change, Oracle Nigeria has focused on redefining the capabilities of cloud, the potential of technology and the relevance of innovation. From the ubiquity of next-generation cloud to the reliability of blockchain, we continue to invest in solutions and services that will help bring transformational change for our customers.”