SaaS solutions for Industrial Companies

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We live in an era that is connected and technology-driven. We want the best of both worlds: We want to work remotely without sacrificing any opportunity for face-to-face interaction with our colleagues. We also expect everything to be available at our fingertips whenever we need it. SaaS solutions have also been modified similarly for industrial companies

Companies have followed suit as well. Software like Microsoft Office, Salesforce, and Google Apps have become important for business operations, specifically email, documents, and CRM. These tools allow for effective collaboration as well as secure access from any computer. Companies were historically slow to convert to software-as-a-service (SaaS) because it wasn’t that long ago that these services weren’t readily available or viable options.

Many companies still aren’t sold on SaaS technology, but its value brings more business owners to the idea! As the economy continues to recover post-COVID-19 – some of the most significant changes are likely to remain in place based on McKinsey’s findings on current trends.

 Let’s see why now is the time for companies to seek out and implement SaaS where possible.

 

Remote Work

 IDG COVID-19 Impact Survey states, businesses reported that just 23 per cent of their workforce needs to be physically in the office to be fully operational. Many companies are allowing employees to work at least part of the time remotely. It turns out this additional flexibility is also a financial boon: 69 per cent save money by allowing remote work, and 37 save over $10,000 per year compared with having everyone in one place. This type of savings can mean significant boosts in investment in additional product features, improving the overall customer experience or lead generation.

 

Security Threats 

Ensuring resilient cybersecurity is becoming increasingly complex. The field is also evolving, as cybersecurity becomes more critical to governing bodies due to new threats like ransomware which has caused economic hardship on what was previously thought of as impenetrable industries, like pipelines and meat processing facilities. Cyber Threats calls for continuous improvement of the nation’s cybersecurity infrastructure.

Several reasons why security improves with SaaS:

Economies of Scale: SaaS providers manage various huge data centers to support customers so they’re ready to invest more in technology Solutions, processes, and skilled experts than the typical business.

Knowledge Base: Because they created the software, SaaS providers realize it inside and out, incorporating knowledge base of high-risk functional areas and specialized secure configurations.

Security Audits: Large cloud providers, like Microsoft Azure and Amazon Web Services, are routinely audited for ISO and SOC 2 compliance.

Zero-Trust Cybersecurity: SaaS providers are increasingly incorporating zero-trust run time principles, where access is tightly controlled and multi-factor authentication is important .

Don’t stick with on-premise solutions simply because you usually have done so. Much has changed within the software delivery and cloud services arena that make SaaS solutions safer .

 

SaaS for Industrial Software

The switch to SaaS for software applications, like product design and engineering, has been slow mainly because viable options weren’t widely available. The software industry is now at a tipping point where enterprise-level industrial software providers are pursuing SaaS solutions. The benefits of SaaS models, like real-time collaboration and accessibility, align with customer demand and business climate. 

Survey among Product Designers, engineering, and PLM leaders revealed that 74% are willing to explore SaaS for a CAD or PLM solution. For roughly 2 in 5 survey respondents, COVID-19 increased their interest in SaaS-based Business solutions.



Conclusion

Software as a Service (SaaS) is the wave of the future. This business model has taken the world by storm and shows no signs of slowing down. SaaS is a powerful solution that enterprises can leverage to reduce the cost of ownership and maintenance for their software.

SaaS allows customers to pay a monthly or annual fee for their software, and they can access the product from any device they choose. They don’t have to worry about maintenance and upgrades. If they want to access their software from a different location, they log in from another computer. These are just a few of the benefits customers can reap from SaaS. A company that has never used SaaS before may be hesitant to invest in the model. They may fear that SaaS is too risky or that they will miss out on customer support. 

 KloudPLM helps to bridge the distance towards technological adoption. With a cloud first based platform, companies can adapt to a future factory without having to invest too much in upgrading their technology. To find out how, schedule a demo with us today.

 

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