The new EU rules on digital are starting to have their first effects. Oracle, well ahead of its competitors, announced in its blog that it will be «the first and only hyperscaler to offer customers around the world access to the Cloud Region” sovereign “regions in the EU, thus also offering organizations that do not they were able to migrate to the cloud due to complex regulatory and geopolitical pressures, the opportunity for ultra-secure cloud technology also from this point of view ». It is a new and unique way to handle data sovereignty issues with a single data privacy solution, a one-stop shop from a single cloud provider.
The novelty of the Oracle Sovereign Cloud Region.
By offering this secure cloud service, in essence, Oracle claims it can give customers more choice and greater control over where their cloud services and data are hosted to better meet their business needs. Customers using the “isolated” Oracle Sovereign Cloud Regions for the European Union will have the same functionality and pricing available for Oracle Cloud Infrastructure’s public cloud regions, always with state-of-the-art security, performance and availability.
What changes?
In essence, it is a new way of managing the sovereignty of data in the cloud. As explained to Il Sole 24 Ore.com Lanfranco Brasca, Technology Director Italy and Cloud Engineering at Oracle, the one created is a “unicum on the territory of the EU” which aims to protect the data of companies in the European Union, from requests for the supply of sensitive and non-sensitive data, which could occur at any time, by the United States, in the face of certain political situations.
The impact of EU rules on the cloud market
The acceleration on this front is also born to anticipate the new EU regulatory requests in terms of cloud data management that ask for more transparency and greater control of data by European companies that use non-EU providers. These additional policies will establish a framework for data and operational sovereignty, including how customer data is stored and accessed and how government data requests are handled.
The boom in data center investments
The picture is that of a real boom in cloud services. A survey conducted by international law firm DLA Piper found that the value of investments in data centers globally more than doubled in 2021, reaching $ 59.5 billion, while the number of transactions reached 117 in 2021, an annual increase of 64%