It provides the authentication of server and optionally client identities and encrypts the data for intended recipients. One does that for one of the following reasons:

• Status Quo
• Regulatory Requirements
• Information Security

The basic economic values comes from SaaS are cost savings and expertise. SaaS will create an environment for people to go towards Functional Standardization. What I mean by functional standardization is that for a business function you won’t require vendor specific end user training like in today world if I know how to drive a Mercedes than I know how to drive a Honda accord. Also, we will see that lots of consolidation activity for the tasks that are cost of doing business not adding any competitive advantage for the core business.

You will find lot of product services will be created by Horizontal Integration i.e. collaborating with multiple players in the industry.

Disclaimer

The views expressed in the blog are those of the author and do not represent necessarily the official policy or position of any other agency, organization, employer, or company. Assumptions made in the study are not reflective of the stand of any entity other than the author. Since we are critically-thinking human beings, these views are always subject to change, revision, and rethinking without notice. While reasonable efforts have been made to obtain accurate information, the author makes no warranty, expressed or implied, as to its accuracy.