Three Business-Process-as-a-Service Case Studies
The Business-Process-as-a-Service (BPaaS) market is on the rise, with an expected compound annual growth rate of 23.7% from 2015 through 2020, according to Markets and Markets.
Smart manufacturing is buzzing right now, but some organizations might still be a little lost as to what this change really means.
The growing wave of cloud services provides businesses with easy access to a wide range of technology, often at a more affordable price and with added flexibility. In all, the public cloud services market is expected to grow by 18% in market value this year, according to Gartner. One of the largest and most well-known segments of that market is Business Software as a Service; these BPaaS solutions include applications in areas ranging from customer relationship management to energy management.
Software as a Service (SaaS) solutions are still on the rise, with more companies choosing the flexibility and convenience of platforms hosted remotely by another company. While the market is maturing, the value of the SaaS industry is still expected to grow by 20% in 2017, finds Gartner.
In the quest to reduce costs and increase profitability, businesses can take plenty of static steps to save energy, such as replacing dated lighting or HVAC equipment. The hope is that the end result will always be that the new devices or equipment will run more efficiently and therefore produce energy savings.
While many businesses fear revealing too much to customers and employees, transparency can have a powerful effect on improving trust and loyalty, thereby helping businesses in the long run.
The manufacturing industry is shedding its past image of hard, bulky manual labor and evolving to become more digital and nimble with the widespread implementation of industrial energy analytics systems and software. This change has brought about a new terminology called smart manufacturing, which California Manufacturing Technology Consulting (CMTC) defines as “the use of real-time data and technology when, where and in the forms that are needed by people and machines.”
Software-as-a-Service (SaaS), meaning software that is provided as a subscription and hosted remotely, continues to grow and replace the old model of companies having to host applications themselves while often paying a large upfront licensing fee. From 2015-2020, Cisco projects that SaaS will attain a compound annual growth rate of 30%.
While referred to interchangeably, building management systems (BMS) and energy analytics software (EAS) are quite different forms of energy analytics management. energy-analytics-software-different-building-management-system
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