Software applications are greatly used by many organizations to ensure that all different services of the company are managed to deliver the functions they ought to.
There was even a time in an organization when software have different approaches, however, have in general the same functions and purpose, thus, making them use and pay redundant service.
The collection of software application and software-based services of a company is called an application portfolio management, which is also used to attain the goals and objectives of that software. IT portfolio management, on the other hand, identifies the best combination of multiple applications and projects for business processes to enable and optimize them, accommodate decision making, provides more visibility to IT projects and many more.
To be able to manage these portfolios, like any other portfolios for business, one has to be familiar and be an expert with the applications being used as these can be detrimental to the progress or do fall of an organization. The challenge became even more intense due to the continuous upgrades of software that makes applied software go obsolete, hence, the need to as well upgrade to meet the demands. It is a very daunting task when you have to consistently ensure proper management of these portfolios and are very demanding that the need for new innovation in managing it is sought after.
SaaS or commonly known as software as a service that delivers a centrally hosted application over the internet. Being able to be accessed over the internet, which is the most used resource today, the use of SaaS will eliminate the typical installation and maintenance of software. Saas is a painless application access as the customer has no software or hardware to purchase, install, maintain or update because it is all put together, you just need connectivity.
It is highly adoptive, has lower initial cost, has painless upgrade and seamless integration as it facilitates remote application hosting and delivery. The system of Saas works like that of a bank where customers uses the same system and technology without worrying of anyone accessing their personal information without authorization.
Customer privacy is still at its utmost concern with the assurance of reliable, and secured services all the time. Using Saas will make customization easier with the less risk for the customer while having an efficient adoption cost as it upgrades constantly all the software essential for the organization functions.
Keeping abreast with the ever changing and evolving advancement of all systems, managing your portfolios in a way that is competitive in the market will be of great importance with the use of highly useful innovative systems to bring out the necessary upgrades too.