What does private cloud Daas or DBaaS really mean ?

Just had meeting with Fortune 1000 company regarding their private DBaaS or DaaS offering. Interesting to see what DBaaS really means to them:
1. Automated Database provisioning - Being able to 'one button' provision databases and database objects. This
includings creating the database instance, creating database objects, network configuration and security
provisioning. It is estimated that just being able to provision a new DB table in automated fashion will reduce time
required to create a new DB table from 60 hours down to 8 hours.
2. Virtualization and blades - DBaaS infrastructure is all based upon VMs and blades.
3. Consolidation of database vendors - Moving from over ten database vendors down to three.
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Migrating legacy client/server and mainframe technologies to the Oracle cloud.

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