A new Oracle Cloud Region will open in Valparaíso, marking a significant step that might change the technology environment in Chile and beyond. With this move, Oracle says it becomes the first hyperscaler to set up two cloud regions in Chile, which could be a significant milestone in the growth of the nation's digital infrastructure. Together with the current Santiago area, the new Valparaíso region would be well-positioned to support business continuity, and satisfy strict requirements for data residence.
Oracle Chile's Managing Director, Joaquin Ma-Shichoy, highlighted the expansion's revolutionary power. Businesses in Chile may now take advantage of improved disaster recovery capabilities and comply with local data sovereignty rules by using Oracle Cloud Infrastructure's (OCI) complete services in Valparaíso. This could especially be important for industries that are subject to stringent regulatory oversight.
Oracle's growing commitment in Latin America is shown by its distributed cloud strategy, which now includes its 48th worldwide public cloud area. The whole range of over 100 OCI services and cloud applications, including innovations like Oracle Autonomous Database and MySQL HeatWave Database Service, are available in the Valparaíso area. With seven public cloud locations spread throughout Chile, Colombia, Brazil, and Mexico as a result of this development, Oracle says it has surpassed all other major hyperscalers in the area in terms of presence.
Director of Invest Chile, Karla Flores, praised this action as strategically putting Chile at the forefront of South American digital infrastructure development, in addition to being a benefit for the country's economy. Beyond only technical innovation, the Oracle Cloud Valparaíso Region would stand for international investor trust in Chile and its potential to become a regional digital powerhouse.
Disaster Recovery, Low-Latency Networking
For Chilean partners and clients, the Valparaíso area introduction would offer several advantages. It provides comprehensive disaster recovery (DR) solutions, high-speed data transport, and low-latency networking. Financial services and retail are just two of the many sectors that may innovate with data analytics, upgrade applications, and move workloads to OCI with ease because to our dual-region solution. It complies with national data sovereignty requirements and guarantees company continuity.
Another important component of this growth is Oracle's dedication to sustainability. Every Oracle Cloud Region, including Valparaíso, aims to run entirely on renewable energy by 2025. This would be consistent with Oracle's worldwide goal of operating sustainably, as shown by the Santiago area, which now runs solely on renewable energy, and the fact that 99.7% of decommissioned hardware was recycled in FY 23.
Clients and associates have enthusiastically embraced the new area. Banco de Chile's COO, Esteban Kemp, emphasized the significance of the area in offering local resilience and scalable, secure services, which are essential for the bank's digital development. The CTO of Unicomer, Sergio Cornejo, discussed their achievements in quickly converting data centers to OCI and highlighted the resulting gains in efficiency and performance.
The opinion that Oracle's growth in Chile is essential for advancing digital transformation, promoting resilient cloud architectures, and establishing the nation as a leader in AI innovation in the region was expressed by Helder Branco from Entel, Emilio Davis from Khipu, Ricardo Stranges from Accenture Chile, Diego Cotignola from Deloitte, and Ariel Sclippa from Kyndryl Chile.
Oracle's distributed cloud strategy would provide a unique combination of improved control and flexibility with cloud advantages. This method would ensure low latency and consistent service across a range of installations and meets a variety of demands, from public and dedicated cloud alternatives to multicloud and hybrid cloud solutions. Oracle's extensive network covers a wide range of businesses and regulatory needs, including strict EU sovereignty constraints, with 67 cloud regions spread across 26 countries.
