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IaaS Becoming a Trend for SMEs

Organisations across many industries can now be seen to different business models not only in how they provide goods and services, but also how they purchase them.

One business model that has become a beacon in the 21st century is selling intangible online assets as a service instead of a product, including SaaS (software as a service) and PaaS (platform as a service). The latest similar service that is becoming increasingly popular among data-driven companies is IaaS – infrastructure as a service.

IaaS refers to online services that provide high-quality application programme interfaces (APIs) and within them, distinguish between a variety of different network infrastructure variants, such as security, backup, computing resources and data partitioning. In addition, it provides extra resources that may otherwise be too expensive for companies to acquire, including load balancers and servers. These are only a part of why IaaS is rapidly gaining recognition with companies who balance their digital skill with in-person knowledge and create integrated solutions.

One particular niche that IaaS is currently occupying is the expansion of small and medium sized companies into new technologies. Driven by customers, they are seeking to bring cutting edge technology to market in an effort to beat the competition, and therefore deploying IaaS has become the new trend among some of these organisations. At the same time, providers of all three (including IaaS) create disruption in the market and distinguish themselves from those who can only offer the now “basic” SaaS and PaaS.

It is expected that IaaS will be more significant in the future than now. With many experts predicting that serverless computing will continue to grow and thus require new services, and IaaS services have demonstrated their capabilities in meeting these requirements. According to Synergy Research Group, for example, public IaaS and PaaS solutions grew by 50% in the fourth quarter of 2017 compared to that of 2016.

While not completely jumping onto the bandwagon of IaaS, Dashboard can see its value grow and expand across multiple verticals in the future. Assessing its suitability and potential prepares companies such as ourselves to be able to better respond to technological revolution, which is a must in today’s business scenery.