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Community Blog Alibaba Cloud Databases Help Accelerate Digital Transformations

Alibaba Cloud Databases Help Accelerate Digital Transformations

Alibaba Cloud databases help accelerate digital transformations and its FinTech on the Cloud solution helps cope with the ever-growing user demand.

Alibaba Cloud Enables Indonesian Enterprises Achieve Their Digital Vision through Database Technologies

In March 2018, Alibaba Cloud officially launched service in the Indonesia region, becoming the first international public cloud service provider to operate locally. In early 2019, it launched another data center. After years of hard work, Alibaba Cloud has become a leading cloud computing provider in Indonesia, with customers across E-commerce, Finance, Logistics, and Retail.

At the press conference, Li Feifei, the Vice President of Alibaba Group and the President of the Alibaba Cloud database products division, introduced Alibaba Cloud's technological innovations and practices in next-generation enterprise database systems.

1) Complete Ecosystem - A Leader in the Chinese Cloud Database Era

Alibaba Cloud has the most powerful and largest family of cloud database products in China, including relational databases, non-relational databases, analytic databases, and migration tools. Our solutions meet different database application development needs and provide users with cutting edge cloud databases with outstanding reliability, security, and efficiency.

Based on years of practical improvements and technical iteration, Alibaba Cloud databases have made rapid progress in product technology. We have gradually formed a complete database ecosystem, covering everything from relational databases to analytical data, NoSQL databases, and tools. Our core products include Online Transactional Processing (OLTP) databases such as PolarDB and AnalyticDB, a next-generation real-time OLAP analytical database.

Currently, Alibaba Cloud's database family provides 26 cloud products and services, covering OLTP, Online Analytical Processing (OLAP), NoSQL, and tools. We are a cloud vendor with the most comprehensive cloud ecosystem in China.

Alibaba_Cloud_Cloud Database

2) Embrace Indonesia - Multiple PolarDB Versions Are Now Available in Indonesia

Today, cloud migration is the inevitable choice of enterprises, and databases are a critical part of the cloud migration process. With the surge in data volume and the rapid growth of businesses, next-generation enterprise-level databases have gradually entered into our thinking. Li Feifei believes that the next-generation enterprise-level database architecture should combine a cloud-native architecture with a distributed architecture. This was the vision that gave birth to PolarDB, Alibaba's proprietary next-generation relational and distributed cloud-native database.

PolarDB is designed with separated storage and computing as well as integrated software and hardware. It quickly scales up and down to meet the needs of all large-scale business scenarios. During the 2019 Double 11 Shopping Festival, PolarDB set a new record by completing 87 million database transactions per second (TPS). Currently, PolarDB is compatible with three database engines: MySQL, PostgreSQL, and Oracle (syntax compatibility).

Currently, Alibaba Cloud databases serve leading enterprises in the Indonesian e-commerce, financial technology, manufacturing, short video, and online education fields. We enable digital business practices through cloud empowerment.

Read this article to learn more about how the Alibaba Cloud ecosystem provides technical support to Indonesian enterprises to better embrace digital transformation.

Eight Business Benefits of FinTech on Alibaba Cloud

The FinTech industry often struggles to keep up with the ever-growing user demand and the changing regulations within the financial sector. That is why FinTech companies must continuously design, deploy, and maintain an IT infrastructure that is both scalable and cost-effective in order to compete within this dynamic market.

Alibaba Cloud's FinTech on the Cloud solution provides multiple benefits that help solve these problems. They assist the FinTech industry to not only address the challenges they face but help create tremendous value for businesses. Here are just three of the eight major advantages of using this service.

Customer Satisfaction through Low Latency

In today's fast-paced world, customers are looking for quick (if not instant) response times online. This is especially true when it comes to consumer-facing FinTech businesses who only interact with their users online. As a result, to ensure that customers are completely satisfied, FinTech companies must be able to process transactions quickly, as well as have low-latency and dependable infrastructure in place.

In response to these ever-growing needs, Alibaba Cloud uses a global, distributed infrastructure. It is scalable, reliable, and delivers low latency to meet your customers' high expectations.

Fast Go-to-Market and Cross-Regional Expansion

In order to keep attracting new customers and continuously drive business growth, FinTech companies must frequently release new products, upgrade the applications they already offer, and launch their marketing campaigns in a timely manner.

With Alibaba Cloud's infrastructure, FinTech businesses have the ability to scale their resources up and down with ease, keeping in line with user demand. FinTech companies also have the capability of establishing a strong global presence with high scalability and availability thanks to Alibaba Cloud's extensive worldwide infrastructure, which operates in 20 regions with 61 availability zones, as well as a vast network of 2,500+ Content Delivery Network (CDN) nodes and 110+ Point of Presence nodes.

Cost-Efficiency

Every business aims to be as cost-efficient as possible. Alibaba Cloud specifically offers FinTech companies a wide range of cost-effective solutions to satisfy this need.

Thanks to the nature of the cloud, both the operational and the maintenance costs commonly associated with paying for an on-premise solution are instantly removed. In addition, Alibaba Cloud also provides FinTech companies with pay-as-you-go options as well as a low-rate subscription service. These give companies a wide range of pricing models to choose from based on their business needs.

In comparison to other products and services currently available on the market, Alibaba Cloud's solutions offer many cost advantages. Take PolarDB for example - this Alibaba Cloud solution costs just a tenth of the cost of a traditional database.

To learn more about the business benefits of FinTech on Alibaba Cloud, download the FinTech on Alibaba Cloud whitepaper today.

Related Products

ApsaraDB for PolarDB

ApsaraDB for PolarDB is a cloud-native relational database compatible with MySQL, PostgreSQL, and Oracle. ApsaraDB for PolarDB provides the performance and availability of traditional enterprise databases and the flexibility and cost-effectiveness of open-source databases.

ApsaraDB for PolarDB is designed for business-critical database applications that require fast performance, high concurrency, and automatic scaling. You can scale up to millions of queries per second and 100 TB per database cluster with 15 low latency read replicas. ApsaraDB for PolarDB is six times faster than standard MySQL databases, and delivers the security, reliability, and availability of traditional commercial databases at 1/10 the cost. ApsaraDB for PolarDB embodies the proven database technology and best practices honed over the last decade that supported hyper-scale events such as the Alibaba Double 11 Global Shopping Festival.

Related Documentation

OLTP performance tests

This topic describes how to use SysBench to test the online transaction processing (OLTP) performance of PolarDB for MySQL clusters. You can follow the instructions in this topic to perform tests to understand the performance of database systems.

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