| |May 20228SAAS ­ HOW CHANGING BUSINESSES IMPEMENT THE TECHNOLOGY & CREATE EMPLOYMENTBy Varun Chopra, CIO, Studds Accessories n an interaction with CIO Insid-er magazine, Varun Chopra, CIO, Studds Accessories Ltd, expounds on why SaaS are betting big technology innovations for providing the solu-tions of modern-day businesses, and how to overcome problems of using SaaS technology.1. The SaaS market has been witness-ing rapid growth, with software products moving from on-premise to a cloud-based model. Which are the factors driving the increased SaaS adoption? Whenever any CIO/IT Leader has to go to business leadership for a new initiative approval, questions that are popped up by business leadership are:1) How much do we need to spend?2) In how much time it will get implemented?3) When will we start seeing the benefits/ROI?4) What if we did not get the benefits as desired/things did not go as per plan?All these are factors push towards SaaS produc-tion adoption with key benefits as follows:1) Faster time to market/deploy2) Low initial investment3) Faster visibility of benefits that may be per-ceived in longer run.4) Data security as the key responsibility with SaaS provider while companies need to plan addi-tional measures over it.5) Reducing CIO pain of managing herculean in-fra depending on application size.6) Decent support mechanism7) If you don't like or things do not go as per plan, `just stop it'.2. Highlight some of the key strengths or winning formulae showcased by success-ful SaaS companies and elaborate on the factors that attract international compa-nies to invest in Indian SaaS companies.a. India is one of the largest knowledge hubs of the world with big tech pool and vast market. Every global player wants to be in India to cater to Indian customers. Indian SaaS based solutions are created more in accordance with Indian market needs.b. While not as it used to be earlier, but still it's a market where still at lower investment, you get high quality products which can be taken globally.IExpert OpinionVarun Chopra, CIO
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