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Platforms as a service a Deltec Bank Knowledge series

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Platforms as a service a Deltec Bank Knowledge series

November 07
06:00 2019
Platforms as a service a Deltec Bank Knowledge series

Deltec Bank
According to Deltec Bank, “If you’re looking to accelerate innovation and reduce cost, risk, and complexity as you move to the cloud, it’s a great time to take a closer look at PaaS.”

Let’s take a look below at how using platforms as a service is helping businesses with their cloud provisions. We will start by looking at exactly what PaaS is and then go on to take a look at some of the pros and cons of its use, and finally why it is such an important solution.

What is this “platform as a service”?

Platform as a service or PaaS is a cloud computing model in which a third-party provider delivers hardware and software tools. The tools are usually those needed for application development.

A PaaS provider hosts the hardware and software on its own infrastructure. As a result, PaaS frees users from having to install their own in-house hardware and software to develop or run a new application.

PaaS pros and cons

Simplicity and convenience

One of the main benefits of PaaS is simplicity and convenience for users. the PaaS provider supplies much of the infrastructure and other IT services, which users can access anywhere via a web browser. PaaS providers then charge for that access on a per-user basis.

This is a model that many companies may prefer, as it eliminates the capital expenses they traditionally have for on-premises hardware and software.

Service availability a concern

Service availability, however, can be a concern with PaaS.

If a provider experiences a service outage or other infrastructure disruption, this can adversely affect customers and result in costly lapses of productivity.

Migration

Provider lock-in is another common concern, as users are not easily able to migrate many of the services and much of the data produced through one PaaS product to another competing product.

Making sure that the business risks of service are evaluated is important before committing to a particular PaaS provider.

“One of the main benefits of PaaS is simplicity and convenience for users”.

Why platform as a service is important

PaaS is designed for companies that have either an application or a set of applications and want to deploy those applications over the cloud. In this situation, a PaaS provider with computer programming compatibility is the best solution. This gives you the following opportunities:

  • Reduce your setup costs All software developments require a combination of programming language, design and system administration abilities. If your project requires an integrated environment, you will be required to not only buy, build, design and manage, but also maintain the components for your application. Setup and ongoing maintenance costs can be avoided by using PaaS.
  • Increase the speed of your application deployment Without having to set up your own hardware and software to create your own platform, you are able to be free to work on the process of developing your application or applications.
  • Easily deploy a scalable service PaaS is typically a scalable subscription service that allows for substantial cost savings on what may be the basis of your revenue generation. This way you can grow your application quickly with a powerful platform that will grow with your needs.
  • Maintain control over your architecture Even while your architecture is provided by a cloud provider, you are still able to regain control over configuration and management. This is a huge advantage when developing and deploying your own application.
  • Generate productivity and innovation The PaaS system promises to free your operations from the time-consuming management and maintenance while freeing up your team from the maintenance work. They will then be able to more easily focus on innovative software development and improvements.


To sum up…

According to Deltec Bank, “If you’re looking to accelerate innovation and reduce cost, risk, and complexity as you move to the cloud, it’s a great time to take a closer look at PaaS.”

By taking advantage of PaaS, businesses may grow and reap the benefits of eliminating the inefficiency and excessive expense of internally requiring to manage solutions.

Disclaimer:  The author of this text, Robin Trehan, has an Undergraduate degree in economics, Masters in international business and finance and MBA in electronic business. Trehan is Senior VP at Deltec International www.deltecbank.com. The views, thoughts, and opinions expressed in this text are solely the views of the author, and not necessarily reflecting the views of Deltec International Group, its subsidiaries and/or employees.

About Deltec Bank

Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients’ unique needs. The Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited, and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management

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