As more companies embrace digital transformation, XaaS models are becoming extremely prevalent
It all started with Software-as-a-Service (SaaS), a distribution model wherein third-party providers host business applications over the internet. Espoused with increasingly reliable internet and other advancements in tech, everyone realised the potential of hosted cloud computing, paving the way for applications like Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). But the excitement over the term as-a-Service and its features has further made researchers to come up with Everything-as-a-Service (XaaS). XaaS is a cloud computing term for a variety of services and applications accessed on-demand over the internet as opposed to being accessed on-premise. It encompasses Software-as-a-Service, Database-as-a-Service, Disaster recovery-as-a-Service, Communication-as-a-Service, Network-as-a-Service, Platform-as-a-Service, and even Transportation-as-a-Service. Anything and everything can pretty much be offered as-a-service in today’s cloud-enabled world. As more and more companies embrace digital transformation, XaaS models are becoming more prevalent. Big companies like Adobe, Workday, LinkedIn, Salesforce, etc have successfully implemented this model by enabling customers to use software applications in the cloud for years. Remarkably, organizations that have made the switch to XaaS are growing 5x faster than their peers and provides shareholders 7% higher returns. However, before adopting a new service model, you need to completely know about it. Analytics Insight brings you a list of facts about XaaS service.
Top 10 must-know facts about XaaS
Reduce time to market
With XaaS, there is no need to buy and deploy the hardware and software that you want to build and maintain your application development platform. There is no need for the development teams to wait while you are doing it as you can eventually tap into XaaS resources from the cloud service provider and start developing immediately.
Empowers a different kind of personas in your network
By availing XaaS, a company’s network and the ecosystem become open and evasive, and can also appeal to a broader range of customers. By knowing the personas concern and marketing through empathy, your company can benefit from a multiplier effect that quickly scales and enables all the end-user personas to adopt your platform and become more loyal.
Easy access to top-level services
Digitisation is a must in the modern era of technology. However, not all companies have revenue which is affordable enough for a total conversion. Small companies often fall behind when it comes to introducing disruptive technologies in the working system. With XaaS solution, companies of all size, even the smallest can have access to high-level services that are otherwise too expensive.
XaaS made a cut during Covid-19 pandemic lockdown
Enterprises enjoy an enhanced IT agility, flexibility, on the fly scalability, speed, higher ROI, fewer downtimes, and improved productivity while leveraging XaaS models. During the Covid-19 pandemic, the whole world was jeopardised. XaaS was playing a crucial role in helping businesses to keep moving forward irrespective of disruptions and dangers that lie ahead. Enterprises realised the value of XaaS during that critical period.
Enables financial efficiencies
Companies spend a lot of money on their IT cells. CEO believed that the IT cell is the heart of the organisations that keeps it running. However, this long undisturbed thought can go away by implementing XaaS in the environment. Companies can achieve significant cost savings by no longer having to invest in multiple different software programs. Small companies can also customise their technology environments to accommodate rapid changes in employee and customer needs.
Big data is the key behind XaaS
XaaS comes as a handy solution for a lot of enterprise problems. Fortunately, the secret ingredient behind its success is big data. IoT and the cloud are producing enormous amounts of data about customer preferences. Insight about product usage is a compelling reason for companies to switch to XaaS. It accelerates data sharing between customers and service providers.
Developers work high-time to hid the complexity from customers
Even though XaaS models are pretty cool, the developers behind it are doing a very critical job to make it up to the users. The customers look for a high degree of functionality in XaaS at a cheaper price. This means they are not ready to engage in too many training and service hours, and needs a ready-made solution. The more complexity is hidden from the customers, the more work needs to be done in the development phase.
Your company might fall without XaaS
Companies that don’t use XaaS might feel outdated at a certain period. Customers always look for rending solutions in whatever they buy. Henceforth, it is a safe move to keep updated with market trends and adopt XaaS. Even in organisations with large tech provider contracts, individual employees will go around their received solutions.
You should secure the company’s privacy
In XaaS, everything is open and public to enable new and innovative applications to be built. This is done through APIs or application protocol interfaces, which allows developers to get access to all the information. Henceforth, you should ensure that the information you share on API is not complex and sensitive.
Better backup and disaster recovery planning
Many businesses came to know the value of backup and disaster recovery during the Covid-19 lockdown period. Suddenly one day, everything came to a standstill. Whatever happens in a company’s environment, being a XaaS user means the management can be sure that their information is safely backed up.