The CEO and founder of Ola, Bhavish Aggarwal, declared that his firm has completely left Google Maps and reduced its yearly spending on cloud and mapping services from Rs 100 crore to nothing by switching over to its own internal Ola Maps. In addition to mentioning that the Ola Maps API is currently available on Krutrim Cloud and that further capabilities like street view, NERFs, indoor photos, 3D maps, and drone maps are on the way, he urged customers to update their Ola app to utilize the new mapping service.
After Azure exit last month, we’ve now fully exited google maps. We used to spend ₹100 cr a year but we’ve made that 0 this month by moving completely to our in house Ola maps! Check your Ola app and update if needed 😉
Also, Ola maps API available on @Krutrim cloud! Many more… pic.twitter.com/wYj1Q1YohO
— Bhavish Aggarwal (@bhash) July 5, 2024
New Features and Capabilities of Ola Maps
We completely removed Google Maps after leaving Azure last month. We used to spend ₹100 cr annually, but this month we’ve cut that to zero by switching entirely to internal Ola maps! Check and update your Ola app as necessary. Ola maps API is also accessible on the Krutrim cloud! Many more features, such as 3D maps, drone maps, indoor photos, street view, and NERFs, will be available shortly. On X, Bhavish Aggarwal wrote.
Industry Context and Market Trends
Ola previously suffered an estimated daily income loss of INR 5–25 lakh due to its transfer from Microsoft’s Azure cloud. According to Aggarwal’s statements on X, Amazon was expected to incur daily costs of INR 30-40 lakh for the switch from Amazon Web Services (AWS). This relocation took place amid a content policy disagreement between Microsoft-owned LinkedIn and Aggarwal.
According to International Data Corporation, the Indian public cloud services market is projected to develop at a compound annual growth rate (CAGR) of 22.9% from 2022 to 2027, with a market value of $17.8 billion. Currently, more than 40% of the industry is dominated by the top two public cloud service providers.
Conclusion
Ola’s transition to in-house mapping services represents a significant turning point in the company’s technological development. Ola wants to improve service delivery and save a lot of money by investing in its own skills and lowering its dependency on outside suppliers. With the growth of the Indian cloud services sector, Ola’s action might encourage other businesses to investigate cost-effective and technologically independent approaches.