Oracle has now resumed construction on a large data center in Utah, after stopping the project without an explanation in March 2009.

The 245,000-square-foot building is expected to cost nearly $300 million, and was designed to support Oracle’s on-demand division.

PC World says that the company’s on-demand CRM applications generated $779 million dollars in revenue in 2009, which is actually just a small fraction of the company’s overall sales.

But PC World says that analysts are predicting a big jump in sales this year, saying the company is expected to attract many new customers using a new generation of CRM applications integrating business intelligence.

The Altimeter Group told PC World that 92 percent of Oracle’s new CRM sales in 2010 are for its on-demand, cloud-based services.

"It wouldn’t be inconceivable to see 50 percent of Oracle’s business in the cloud by 2014," Altimeter analyst Ray Wang told PC World.

The Salt Lake Tribune reports that the company chose the West Jordan, Utah location after the state and city combined to offer Oracle $25 million in tax break incentives.