Software as a service: the door to opportunity

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In the past few years, originally called “Software Plus Services” by Microsoft, “software as a service” or SaaS development has grown exponentially, especially because its use value has spread across many different industries. Therefore, SaaS developer With the increasing requirements of many companies on their skills, the skills have improved significantly.

Although the growth of SaaS alone is exciting, what is really exciting is the various industries that the software has successfully penetrated. In the age of the Internet of Things and the on-demand economy, software that was once dedicated to dedicated applications is now commonplace. Practice has proven that SaaS is useful in a wide range of consumer and enterprise applications, and some of the most successful applications involve finance, communications, and entertainment.

financial

Financial applications are one of the first major applications that come to mind in SaaS development, especially because Wall Street analysts are one of the most famous data scientists who have been running for decades. Therefore, it is not surprising that a series of SaaS development projects focus on financial applications and various use values ​​for consumers and enterprises.

Nowadays, almost all major banks have mobile applications designed to provide customers with more effective services. These SaaS banking applications provide customers with major advantages, such as depositing checks remotely, thereby eliminating the need to spend time visiting a bank office. These apps also allow customers to transfer money without having to visit the bank in person. In addition, in recent years, fintech startups have made considerable progress, including Venmo, a PayPal service, and Square, founded by Twitter CEO Jack Dorsey, which have become indispensable in consumer financial transactions. Part.

communication

In addition to finance, one of the most obvious widespread applications of SaaS development work is related to communications, as evidenced by the widespread popularity of Facebook, Twitter and other social media platforms. Through these revolutionary communication media, the way people communicate with each other has completely changed. Compared to the past dominance, telephone conversations are actually outdated.

As employees increasingly start working remotely at home or elsewhere, the importance of SaaS communication software will continue to increase. After all, during the pandemic, companies such as Zoom and Slack have grown rapidly in terms of consumer and enterprise adoption. In addition, major technology companies, such as Google and Facebook, are committed to developing their own electronic conference services for their customers (especially corporate customers). These efforts are likely to play an indispensable role in the development of communications SaaS in the next few years.

entertainment

In addition to finance and communications, which often overlap with work, SaaS development efforts have also been strengthened in the leisure industry (especially on-demand entertainment options). It can be said that Netflix is ​​the foundation company that launched the on-demand entertainment blitz, which has completely changed the way people enjoy movies and TV shows. One of the biggest differences is the concept of “watching while watching”. The user can watch the entire series in a day or a weekend depending on the length of the day, because Netflix usually releases all episodes of the base once rather than once a week.

In the years after Netflix was founded, many other companies were racing to imitate Netflix’s business model and surpass Netflix’s huge consumer base. For example, Hulu is another streaming SaaS on-demand entertainment service, as well as many other platforms. In addition, large companies have also begun to provide similar services, such as Disney, Disney+, YouTube, etc., and can choose to rent movies directly from the platform itself. Even major news networks have begun to broadcast live via these SaaS programs, showing their importance in people’s viewing and listening habits.

Future direction

Although finance, communications, and entertainment are the most well-known SaaS opportunities, many other industries are rapidly incorporating SaaS into their organization operations. These organizations include not only private companies in industries that serve many stakeholders, but also public companies, including the healthcare industry and the education system.

health care

Various medical centers have begun to provide remote medical consultation through SaaS software, and this option is particularly popular after mandatory quarantine has swept the world. Mental health services, such as psychological counseling and cognitive behavioral therapy, are also increasingly using SaaS platforms.

education

Another part of the economy benefiting from SaaS development is the education sector, including public schools and the entire university system, especially after unexpected closures during the COVID-19 pandemic. Through various programs such as Zoom, teachers and professors can teach students remotely, which keeps them from falling behind. Therefore, SaaS provides an opportunity to educate children who do not exist. What is interesting is how advanced SaaS will become in the near future in terms of meeting social needs.

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