As energy companies look at scaling their operations and starting new projects, strategic decisions around how to manage this growth will be essential for success. Forefront among decision makers should be leveraging Businesses-as-a-Service (BaaS) solutions, the successor of Software-as-a-Service (SaaS).
Many people are familiar with the term SaaS, which became ubiquitous in how software was delivered in the early 2000’s. It involves software being accessed online via a subscription, rather than bought and installed on individual computers. No more one-time purchases of a software, but rather a lower cost solution that is scalable and provides superior results. Companies moved from operating in silos, where they were creating their own software solutions and moved towards a shared multi-tenant environment that leveraged specialized software companies. A similar revolution is coming in the form of BaaS.
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