Oracle introduces new cloud pricing models with further glance at beating AWS | Cloud Tech News

Oracle OpenWorld may still be a couple of weeks away, but Larry Ellison gave a glimpse of what to expect in San Francisco with the announcement of new licensing and pricing structures – promising to beat Amazon by at least 50% on cost.

Ellison, Oracle’s CTO, took to the stage to not only discuss the new structures, but reaffirm the company’s strategy, as well as its next generation, fully autonomous database, to be fully unveiled at OpenWorld.

One of the new models is ‘universal credits’ (below), which provides Oracle customers “the industry’s most flexible buying and consumption model for cloud services”, as the company itself puts it. In other words, you give Oracle what you want to spend without having to explicitly say where it’s going, whether it’s the infrastructure as a service (IaaS), platform as a service (PaaS), or which data centre you will be using. “You don’t have to in advance figure out what you’re going to buy,” Ellison told attendees. “The contract is incredibly simple.”

Also announced was a ‘bring your own license’ (BYOL) model which enables Oracle customers to reuse their existing software licenses for Oracle’s PaaS. Customers who have existing on-premises licenses can leverage their investment to move to Oracle’s cloud options at ‘a fraction of the old PaaS price’, the company added.

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Oracle introduces new cloud pricing models with further glance at beating AWS – Cloud Tech News.