Oracle takes on Amazon in cloud services market

(Telecompaper) Oracle has presented a range of new cloud services at its Oracle OpenWorld event, announcing its intent to challenge Amazon in the cloud infrastructure market. The flagship offering is the release of the Oracle Database software 'as a service', hosted in the cloud. The company also presented more than 20 new Oracle Cloud Platform and Application services. Oracle said the new DBaaS is "orders of magnitudes faster and more scalable than other cloud database services" and also offers