CIOs define business models for cloud computing

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CIOs define business models for cloud computing

Date: July 15th, 2010

With cloud computing being predicted to have a growing impact on business activities in organisations of all sizes over the coming years, CIOs are pooling their knowledge and resources to explore the opportunities offered by cloud technology.

At a recent conference in Bengaluru hosted by IBF Media, CIOs of around 30 organisations discussed various aspects of cloud computing, including how companies can define successful business models based on the emerging technology.

The experts outlined how cloud computing has become increasingly accepted by enterprise-level customers, after making its initial mark among small to medium sized businesses (SMBs) looking for lower-cost solutions for hosting their IT services remotely.

As part of this growing trend, the CIOs predicted that maturing cloud models will lead to a ‘new wave’ of start-ups offering the services, whose barriers to entry in the competitive marketplace are made easier thanks to the more cost-effective and scalable solutions offered by the cloud.

CXOtoday.com reports that the panel also explored the differences between the three distinct layers associated with the cloud – namely Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS).

While SaaS has been a rising phenomenon among application service providers since the 1990s, the technology is now taking off beyond areas such as customer relationship management and sales force automation, and the emergence of PaaS and IaaS over the last few years is also expected to have a significant impact on the industry.
Written by Dave Warburton

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