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SaaS
– A New Delivery Paradigm
Software as a Service (SaaS) is an emerging
mechanism of releasing software applications to customers,
which is gaining increasing popularity. It is differentiated
by the fact that it can be implemented rapidly and
eliminates the infrastructure and ongoing costs that
traditional applications require. Analysts, the world
over, predict that up to 30% of all software applications
are expected to be delivered through this mode in
the coming years. While this presents a significant
threat to traditional solution delivery models, it
also throws open a never-before opportunity for technology
solution providers and users to explore the arena
of ‘SaaS-able applications’. The trend
to move to the SaaS delivery model is more prevalent
for core business applications, across domains. Besides,
solutions for functions like customer
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relationship management,
human capital management and accounting applications
are rapidly moving towards this new delivery mode.
It is also not uncommon to witness this phenomenon
in the social commerce and Internet applications
space.
SaaS for Banking
For banks this presents an exciting opportunity
to take a good and hard look at their IT landscape,
to identify applications with the potential to be
transitioned into the SaaS model. Solutions for
payroll, HR systems, intranet and Internet-based
systems are ideal candidates for early movement.
Core banking solution deployment for a specific
geography or with a specific line of function like
deposit products only, is another solution fast
emerging as SaaS-able.
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