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Cloud computing had been hailed as the strongest technology investment sector in 2015. SPI (SaaS, PaaS and IaaS) is an acronym for some of the most common cloud computing service models, Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Cloud capitalists are the pioneers of these PaaS and SaaS models. Some of the biggest cloud capitalists of our times include Facebook, Apple, Google, Twitter, amongst others, which create and manage clouds.
SaaS is a software distribution model in which applications are hosted by a vendor and made available to customers over a network, typically the Internet. SaaS is amongst the most common form of cloud service for consumers. SaaS moves the task of managing software and its deployment to a third-party service. SaaS finds it application in business across areas including CRM (Customer Relationship Management) applications, productivity software and storage solutions. Common platforms include Google Apps and Dropbox. Usually provided on a subscription model, SaaS applications tends to reduce the cost of software ownership by removing the need for technical staff to manage install, manage, and upgrade software, as well as reduce the cost of licensing software.
PaaS involves delivering operating systems and associated services over the Internet without downloads or installation. PaaS, as seen from the exhibit, functions at a lower level than SaaS. Common platforms of PaaS include Google App Engine and OpenShift.
A 2015 study by Deloitte highlighted venture capitalists ranking cloud computing as the strongest technology investment sector for the 3rd year in a row. What underlies this interest? Cloud technology is enabling businesses reach goals at a scale not seen earlier. For the corporate sector, the question no longer lies in whether they should move to a cloud platform of the likes of Microsoft Corp’s Azure; it instead stems on how fast can the transition happen. As Odin SMB Cloud Insights highlights, the $99 bn market is expected to grow to a size of $159 bn in the coming 3 years
Cloud platform adoption is bound to be driven in the future by the need of better data processing, management and business analytics. For the vendors, it is evident that there remains a lot of traction to be had in this segment, both from a business and investment perspective. Vendors should utilize the buzz around the industry to raise their customer’s interest in the cloud by highlighting the benefits emerging from adoption of cloud’s opportunities.
As Techopedia summarizes, “Cloud capitalists believe that, with the complexity of the technology growing rapidly, it makes sense to host these services on hardware that can best handle them rather than continuing the expensive cycles of upgrading that typically take place when software needs to outpace hardware capabilities. With the ground that cloud-based solutions are gaining, it is a hard point to argue.”