The Covid-19 pandemic has fundamentally and in many cases fundamentally changed the lives of billions of people around the world as well as the economic strategies of organizations. One of the key implications for the latter is an apparent acceleration in digital transformation, coinciding with an increase in cloud usage to meet the demands arising from digital transformation. This resulted from the widespread use of smart working, the growth of e-commerce, the demands for more and more sophisticated logistics, and so on. According to various estimates, the global cloud computing market as a whole has grown at double-digit rates year-on-year, by over 40% in 2021 alone.
As cloud-based, as-a-service platforms evolve, determining which one is ideal for your business is becoming increasingly complex. Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) have emerged as the top technologies to help businesses progress. However, PaaS can have the greatest impact on the success of a company’s digital transformation.
Platform as a Service (PaaS) is a software development enabler in which a third party provides customers with a platform that enables them to develop, run, and manage software applications without having to build and maintain the underlying infrastructure .
In recent years, volatility has turned traditional business structures upside down. Today more than ever, companies have to adapt to a constantly changing environment and react quickly to it. PaaS provides a technological framework for the rapid development of businesses in these uncertain times. Despite the outbreak of Covid-19, Gartner forecasts a sharp increase in the PaaS market from $46.3 million in 2020 to $71.5 million in 2022. PaaS offers businesses a developer-ready platform that is easy to integrate and yet tailored to their specific requirements. Many PaaS providers may manage software development infrastructure, including operating systems, servers and storage, and networks. Simply defined, these platforms support companies in the development, operation and management of on-premises and cloud-based systems.
One of the most important characteristics of PaaS is its ability to increase productivity. Developers can benefit from a variety of tools and services. Many repetitive development tasks can be simplified and automated with PaaS, allowing IT staff to focus on higher-level work rather than deploying software updates and other time-consuming tasks, and increasing organizational efficiencies. Additionally, non-technical users can use the Application Platform as a Service (aPaaS) to build fully-functional commercial apps without having to write any code. Essentially, aPaaS can make new app development more accessible by removing the need for specialized developer talent. Business leaders can more easily integrate disparate data sources into a single, holistic perspective and use analytics to make near real-time adjustments with these technologies.
Harnessing the potential of AI and ML models
Artificial intelligence (AI) technologies are expected to grow to $309.6 billion by 2026, making them a continuous trend in software development.
Pre-trained machine learning and deep learning models free development teams significant resources to build applications that integrate specific AI capabilities without the high cost of purchasing, managing and maintaining the power, significant compute power, storage capacity and the network capacity that these applications demand.
Evolution of Industries
Artificial intelligence and machine learning have transformed a variety of industries including banking, e-commerce, manufacturing, telecom, education, hospitality, medical services, transportation, payments, and home services. Facial recognition for biometrics and automatic temperature sensors are ubiquitous in places like offices, shopping malls, lecture halls and airports where AI and IoT applications are used to track attendance. With IoT and GPS tagging, e-commerce companies can now offer services without touching them. Even for modest transactions of Rs. 50/-, Google Pay and PayTM have provided a 400 percent increase in digital payment usage. Artificial intelligence was used by WFH to calculate employees’ productive and non-productive hours. Realtors have adapted the use of augmented reality and virtual reality platforms to show potential buyers their homes.
Achieve sustainability goals
PaaS is also the solution to our major sustainability challenge as it removes most price barriers to sustainable design and encourages reuse and longevity.
Customers and more and more governments want more sustainable solutions in addition to PaaS. This choice can certainly support the current trend.
The Platform as a Service (PaaS) market has been growing rapidly as companies look for solutions that will help them speed up processes and reduce costs. Deploying a PaaS strategy provides the flexibility and efficiency needed for business expansion.
In the past, companies created and developed their programs, which required skills, server space, development environment software and security. This required a significant internal investment, complex software stacks, frequent updates and hardware maintenance. Balancing current business needs with long-term expansion is critical and difficult. In the end, the decision is made to invest considerable resources in in-house development or to use PaaS.
The views expressed above are the author’s own.
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