In a bid to help enterprises and institutions in the European Union navigate data privacy, residency, and other regulatory guidelines, Oracle plans to launch two sovereign cloud regions for the European Union this year. Unlike a generic cloud region, a sovereign cloud region is designed to offer secure data access to both private and public entities while meeting the stringent regulatory guidelines of a particular region. Oracle’s sovereign cloud, which is a subset of its Oracle Cloud Infrastructure (OCI) portfolio, will not move customer content from the regions the customers select for their…