SaaS allows users to ‘rent’ or subscribe to a software application and execute it online, rather than purchasing it to install on in-house computers. The Cloud services provider installs, operates, and maintains the required type of software application on behalf of the company.

It offers managed infrastructure, including storage, network, and servers, to support non-production as well as production applications environments. A third party or the host handles the system backup.

PaaS providers host the software and hardware on their own infrastructure. Therefore, users need not invest in software, hardware, and applications, or in their upkeep.

The financial services industry is looking at improving online customer service enabled by competition with consumer brands like Amazon, Facebook, and Google. Importantly, most financial services executives feel improving the customer experience to be the top driver of digitization in banking.

In March 2019, the world’s tech giants went offline, including a series of hitches on Gmail, Google Drive, Facebook, Instagram, and WhatsApp. The outage was an eye opener for thousands of users and enterprise leaders, as it highlighted the unforeseen risks of storing data on public cloud locations.

Cloud managed services generally include day-to-day monitoring and management of cloud service environments, including configuration management.

Digital transformation is the recent trend in healthcare space, where people have started leveraging digital assets. It is the process of introducing digital technologies in all aspects of healthcare business.

Oracle ERP (Enterprise Resource Planning) Cloud is an cloud based end-to-end Software as a service (SaaS) suite that manages enterprise functions including accounting, financial management, project management, and procurement.

Oracle SCM (Supply Chain Management Cloud) is a cloud-based application built by Oracle. It unifies end-to-end business processes considering the changing supply chain needs of the modern enterprises.

Oracle HCM (Human Capital Management) cloud enables HR leaders by delivering an end to end solution to manage every stage of the employee lifecycle.

HCLTech has been certified as an Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP)

The cloud is viewed as the business platform for innovation. But are organizations effectively taking advantage of it?