![]() That’s 1 sextillion bytes, or an incomprehensible 1 + 21 zeros. The global datasphere will grow from 35 zettabytes in 2020 to 175 zettabytes by 2025, according to IDC. Think biomedical research, video streaming, AI analysis, and advanced engineering.ĭata volumes are absolutely exploding. High-performance computing no longer is just for big companies and research labs.Ĭloud-based high-performance computing (HPC) capacity is allowing even small startups to compete with established players in fields that require storage, processing, and analysis of massive amounts of data. When COVID-19 required us to fast-track our virtual strategy, we felt ahead of the curve.Ħ. The focus of our virtually managed program is to introduce the startups to our customers, assist them with technology migrations, provide marketing exposure, and manage a members-only online portal.Īs Steve Case’s “Rise of the Rest” mantra underscores, great ideas and technological solutions can happen anywhere-not just in the traditional hotspots of San Francisco, London, and Tel Aviv-but also in cities, such as Amsterdam, Budapest, Riyadh, Singapore, and Sao Paulo. He then suggested we offer startups a 70% discount on all cloud infrastructure and platform services for two years. We also learned that providing those facilities limited our capacity to serve more than a handful of startups at a time.ĭuring a pivotal meeting with Larry Ellison in early 2019, he advised us to shutter the physical centers and reinvest the savings in more valuable resources. Although the startups in our program were engaged with us, they simply didn’t need us to provide that physical space. In the aggregate, our facilities sat at about 20% occupancy. Sparklers will attempt to brighten your days with a few fun facts and trivia.When we started Oracle for Startups in 2017, we believed that our worldwide coworking facilities in startup hubs were a strong program benefit, but the data proved us wrong. Welcome to another work week where I and my fellow Not wishing to be a bore but I’m afraid you’re landed with meĪgain, this fine Monday.
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