Transformation is one of the common phenomena in the IT industry, which has been constantly evolving. Transformation can be in the form of improving hardware, upgrading software, or simply technical skills. No matter what, if a company has to remain competitive, some sort of transformation is a must.
Do you recall the days when having a server room was almost compulsory for even a small organisation dependent upon some kind of engagement with computers? An online on-the-premises server used to be super costly for maintenance, monitoring, and hardware. Even hosting a website used to come with a yearly cost of $2000 for a mere 25MB of space. The latter was still cheaper than owning a server with a few GB of space on those days. If you compare this today, you have plenty of GBs available on blazing fast and performing servers for your websites, applications, and databases at a throwaway price. That too. Now you pay for the above-mentioned services for only what you use. This has been possible by offering infrastructure as a service (IaaS) where you set the needed instances and you will be charged accordingly. You are sharing the infrastructure of the service provider and availing well-researched, tested, robust, and quality cloud infrastructure that would not have been possible standing alone. You have the option to go for a cloud-based dedicated server, VPS, or barely shared infrastructure with a comparatively more tension-free situation.
So, you are a technology or engineering company and need certain tools or applications to build and test your projects quickly. You can either build or buy the required tools conventionally or just subscribe to available platforms through Platform as a Service (PaaS). Advantages? You save a lot of time and money. On the other hand, the PaaS providers are able to sell their services to many customers. Hence, there is a win-win situation for both sellers and users due to the present subscription model.
Cloud technology has been one of the hottest topics in the IT industry. Cloud technology has brought a revolution in almost every corner of IT, and software has also witnessed the same. Today, you don’t need to buy the complete software, but just take the subscription and you are done. This saves your one-time huge investment and protects you from maintenance and upgrades. There is no need to compute the software’s depreciation. Despite the depreciation of 100%, this is still very cost-effective, even cheaper than conventional software purchases. These software providers are proudly announcing their cloud versions of every piece of software. This is software as a service (SaaS) with which you just subscribe and enjoy services.
So the key is “subscription takes you to an affordable, quicker, more reliable state, which is possible through sharing”.