What is the purpose of OCI’s service limits and quotas?

The purpose of OCI’s service limits and quotas is to ensure fair usage of cloud resources. These limits are essential for managing resource availability across all users of the Oracle Cloud Infrastructure. By setting quotas, OCI helps to prevent any single user or organization from monopolizing resources, thereby promoting a balanced and equitable distribution of cloud services. This is particularly important in a shared cloud environment where many customers may compete for the same resources. As a result, service limits and quotas not only help maintain service performance and reliability but also help manage operational costs effectively, ensuring that all users have access to the necessary resources without degradation of service.