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San Francisco, July 9 Cloud major Oracle has launched a dedicated fully-managed service for enterprise customers running workloads on-premises that starts from $500,000 a month which, according to the company, is a small fraction of what customers to pay for a one-off region from other cloud providers.Called 'Oracle Dedicated Region Cloud@Customer', the new service brings second-generation cloud services, including Autonomous Database and Oracle Cloud applications, to customer data centres.With this, Oracle is making all of its cloud services more than 50 services available on-premises so enterprises can use Oracle's cloud services wherever they need them, in the cloud or on-premises via Cloud@Customer.Enterprises can get the exact same complete set of modern cloud services, APIs, superior price-performance and highest levels of security available from Oracle's public cloud regions on-premises, the company said in a statement on Wednesday."Enterprise customers have told us that they want the full experience of a public cloud on-premises, including access to all of Oracle's cloud services, to run their most important workloads," said Clay Magouyrk, executive vice president of engineering, Oracle Cloud Infrastructure."Our major competitors can't offer customers a comparable dedicated cloud region running on-premises," he added.The service is ideal for highly regulated or security-focused businesses, needing to meet demanding latency and data residency requirements, reduce operational costs, and modernise legacy applications."With Dedicated Region Cloud@Customer, Oracle delivers a slice of its public cloud experience into customer data centres, with no changes in pricing or capabilities," said Deepak Mohan, Research Director at IDC.( With inputs from IANS )

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