Huawei is a tech giant in the field of telecom and already taken growth in cloud-based industry solution but now the company is planning to launch its own cloud database product to capture a new market and to confront cloud database dominator, Oracle.
Huawei’s R&D budget reaches $15.3 billion, Outspends Apple
According to a report from TheInformation, Huawei is planning to unveil its new cloud database product at an event scheduled on May 15 in Beijing, China.
This step by Huawei is its biggest ever attempt to expand into an area of enterprise solution software currently dominated by Western giants including Oracle, Microsoft, and SAP.
A Huawei manager spoke to the source and revealed that the company will initially target the domestic market where it has a better chance of attracting more customers.
He also said that Huawei’s new cloud DB product focuses on enabling enterprise customers to manage their own data using Artificial Intelligence (AI) and the product has reportedly been developed by the Huawei’s database research group – Gauss.
It can be said that Huawei’s first batch of new database solution will only be available for the Chinese market but the company is approaching towards opportunities ahead of them and will expand this product in the overseas markets which lead us the industry.
Last week, Oracle China suddenly closed its Chinese R&D center and fired more than 900 peoples, industry insiders said that Oracle’ large scale layoff is politically motivated, while the company is yet to respond in this matter.
At a time like this Huawei’s entry in this cloud database business targets Oracles share in the industry and to take a good start.