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While database IT outsourcing is common, so is the feeling of being underwhelmed by that management. It can quickly become expensive, while still not answering all of your database needs outside of management.
At the same time, database administrators are becoming more overworked than ever, even as they become more in demand.
Check out the Oracle Autonomous Database to see how a cloud database can automate a huge portion of tedious database management tasks, for a reasonable price.