Niche technologies eroding Oracle Corporation (NYSE:ORCL)’s base
Oracle Corporation (NYSE:ORCL) is nothing less than a mammoth in its field. But to a certain extent, this also means that the company may be undermining the threat that it faces from numerous upstarts in the business. Niche technologies are putting in a tough fight and luring the company’s present and prospective customers. Of course, it is a well-known fact that ORCL boasts of a very high-end clientele and its customers are some of the biggest corporations in their respective fields. In addition, the company also has a big chunk of the private sector business.
So what is it that is bringing about a change in the landscape? The fact is that with the current economic condition across the world, longtime existing customers are looking for means of cutting-costs and breaking free of the overtly priced licensing that comes with the territory. On the other hand, comparatively younger companies are not really well-acquainted with Oracle’s technology and efficacy and will settle for services that upstarts provide, if the price is right.
Trending away from the biggie
Customers are migrating away from ORCL and heading for lesser-known companies. The Postgres company CEO, Ed Boyajian said that that over the past 2-3 years, 20-30 migrations from Oracle have moved to them. Datastax is a company that assists in the development of Cassandra. This is a “NoSQL” data-store that is based on various technologies that are based on Facebook and Google. It has seen more than 30 migrations from Oracle.
Ellis, the Datastax CEO said that the primary motivation is scale and the second main affecting factor is that some people are being motivated by geographic redundancy. They prefer keeping the data updated in more than one data center. At the moment, the shift seems to be a significant one and will be more noticeable over the next few years.