How will ITaaS impact my credit union technology strategies?
Have you noticed that everywhere you turn there is yet another “aaS” term (I had to quote that because my spell check keeps making it an inappropriate term for this blog post!) being thrown around as the “next best thing” for your credit union technology strategy? There is SaaS, IaaS, DaaS and PaaS to name a few. So what’s with the latest buzzword – ITaaS? Is it a cloud model? Will it impact your credit union? These questions as well as others will be the topic for today’s post!
Let’s start with what ITaaS is NOT – or is at least not limited to. The term, as a service (aaS), is generally a cloud related term where IT services are delivered via secure channels to your credit union. Although ITaaS is NOT a cloud service model (NIST – defines three service models for cloud computing – IaaS, PaaS and SaaS) it can and almost always involves cloud/hosted service strategies. So what exactly is ITaaS and how will it impact my credit union technology strategy?
ITaaS is essentially an operational model that transforms a traditional IT organization from a business cost center to a service provider engaged in delivering products/services to the business units. Whether it does so with in-house services, third party products or outsourcing/cloud providers is dependent on the operational efficiencies and/or financial benefits to each choice.
So how does this impact your credit union technology strategy? As a credit union leader (IT or other), it is expected that you pursue technology decisions that are closely aligned with your strategic goals. Some points to consider when developing your own ITaaS strategy include:
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