Oracle Opens its First Cloud Region in Chile Jan 6, 2021 Oracle has opened its new Chile Cloud Region, marking Oracle’s 29th Cloud region worldwide. The opening is part of Oracle’s plan to have 38 Cloud regions by the end of 2021. The Chile Cloud region will provide reduced latency to organizations, which refers to the decrease in the time it takes for data to be transferred from the data center where the application data is hosted. In addition, the move to an Oracle Cloud region helps security-focused enterprises that need to meet demanding data residency requirements, as well as, reducing operational costs and modernizing legacy applications.