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Deloitte: Companies Adopt Anything-as-a-Service (XaaS) to Move Faster, Innovate BetterNEW YORK, Sept. 17, 2018 /PRNewswire/ -- Companies under pressure to move faster due to competitive shifts fueled by technology-driven business models are turning to Anything-as-a-Service (XaaS) to tap into advanced technologies quickly. While improving operational efficiency and reducing costs remain important goals for XaaS adoption, business agility – the ability to pivot quickly as new opportunities and threats emerge – is rivaling these traditional uses of XaaS, according to Deloitte's Flexible Consumption Models study released today. By accelerating and democratizing access to advanced technologies such as artificial intelligence (AI), mobile, analytics and IoT, XaaS is helping bigger companies innovate faster, while giving smaller companies the scale and capabilities they need to compete. The study revealed that XaaS has become essential for keeping up with competitors, with 28 percent of companies reporting that they are able to use XaaS to create a sizable lead. Thirty-nine percent of companies report that XaaS adoption helps them catch up to or keep pace with their competitors, and another 32 percent believe it will help them edge slightly ahead. In fact, adopting XaaS is no longer just a part of the information technology (IT) playbook, with seven in 10 companies reporting it is "very" or "critically" important to their business success. Furthermore, the study found in the next one to two years, the number of companies that consume over three-quarters of IT as a service will increase by 50 percent. Democratizing advanced technologies levels the playing field
XaaS security: Trust grows with experience
"Companies are adopting XaaS to use AI and data analytics. To get the best insights, they'll have to put sensitive data about their customers, financials and operations in the cloud. We've found that the more experience they have with XaaS, the more comfortable they are with this," said Dr. Jeff Loucks, executive director, Deloitte Center for Technology, Media and Telecommunications, Deloitte LLP. "Strong data and privacy governance should be a top priority for companies looking to use XaaS to build agility." The cost conundrum
To learn more about how companies are adopting and benefiting from XaaS solutions, Deloitte surveyed 1,170 IT and line-of-business professionals across 12 industries from large US companies that consume at least 15 percent or more of their enterprise IT as a service. Connect with us on Twitter: @DeloitteTMT, @Jeff_Loucks. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. View original content to download multimedia:http://www.prnewswire.com/news-releases/deloitte-companies-adopt-anything-as-a-service-xaas-to-move-faster-innovate-better-300713145.html SOURCE Deloitte |