Is Software as a Service (SaaS) Security Better for Your Business?
Cloud technology is increasingly being presented as a solid solution for optimizing security in many companies. Many organizations are looking to leverage scalable and robust technology platforms to create systems and solutions that can deliver to customers in the form of a service. This bundled package of a product is what is called platform/software/infrastructure as a service.
However, there has always been a concern surrounding the security around SaaS-based solutions. Steve Francis, the founder of Logic Monitor, says that around 46 percent of people who responded to a survey were not keen on migrating to a SaaS-based application on the cloud simply because of security risks. The truth is that just because the application is behind the company’s network firewall doesn’t make it secure.
Transparency Market Research believes the global market is expected to grow at a compound annual growth rate of 27.9 percent between 2015 and 2022. The market was valued at $23.88 billion in 2014 and is expected to reach $164.29 billion by the end of 2022.
With recent news about security hacks, there is always the question in the minds of executive teams on whether SaaS is secure enough and good for business. Organizations have millions of sensitive files stored on cloud applications that can be accessed from anywhere with just a username and password. Though SaaS applications offer businesses scalability and flexibility to run the operations at a global level, some security challenges have arisen recently. However, it is still a sought-after model.
Even with all the talk about security of SaaS, the bottom line is that SaaS is better for businesses. With organizations working in a collaborative manner, SaaS-based applications are going to help enterprises accomplish a seamless integration. When such a scenario is taking place, it is inevitable to take care of certain measures in terms of security, which is better for businesses. Deploy all internet standards and avoid hosting extra-sensitive data on the system. Measuring or auditing the security parameters is equally important and must be scheduled. If these details are in place, SaaS works in favor of enterprises.
