Why you should adopt an enterprise SaaS strategy
Authored by: Synechron & Calypso Team
Cost pressures, regulatory requirements, and the need to innovate are key drivers for firms deciding to adopt a cloud strategy, however, it is critical to approach adoption strategically, and with an enterprise view, keeping in mind a long-term roadmap. However, Cloud adoption requires a heavy lift for legacy infrastructure modernization.
IDC found that Cloud Services spending globally is up over 23% from 2017 to 2018 and is expected to grow rapidly over the next three years. IDC said that Software as a Service (SaaS) will be most popular of Cloud services and will account for approximately 2/3 of public cloud spending this year, and in total, SaaS spending should exceed $100 billion worldwide.
SaaS opens the door as a leverage for enterprises to incrementally take on Cloud without having to update or change any existing infrastructure, as this also has a lower cost of implementation because it can be integrated into any existing IT systems. Adopting SaaS solution is also a way to initiate a transformation of the company resources as they will progressively move from a siloed core competency on the software to a horizontal expertize of their own eco-system and can speed up time to market, but requires standard adoption. Creating an enterprise Software as a Service (SaaS) strategy will be key for financial firms carving out their Cloud strategies as part of digital transformation initiatives. Read the complete article to find out the focus areas for SaaS strategy.