Learn About The 4 Main Types of Cloud-Based Computing Services

What are Cloud-based computing services?

Cloud-based computing services are a type of internet-based computing that provide users with access to a virtualized computing environment. In a cloud computing system, there is a pool of physical or virtual resources that users can access and use on demand. These resources may include storage, networking, computing power, and applications.

There are three types of cloud computing: public, private, and hybrid.

    • Public cloud computing refers to the use of public cloud services, which are owned and operated by third-party companies. These companies provide access to their cloud services over the Internet.
    • Private cloud computing refers to the use of private cloud services, which are owned and operated by a single company. These companies provide access to their cloud services over a private network.
    • Hybrid cloud computing refers to the use of both public and private cloud services. These companies provide access to their cloud services over a hybrid network, which combines the features of both public and private networks.

There are many benefits of cloud-based services, including the ability to scale resources on demand, pay-as-you-go pricing, and increased flexibility and agility. Additionally, cloud-based services can help organisations reduce their IT costs by eliminating the need to purchase and maintain expensive hardware and software.

What are the advantages of Cloud-Based Computing Services?

Cloud computing uses a network of remote servers hosted on the Internet to store, manage, and process data rather than a local server or a personal computer. Cloud computing relies on sharing of resources to achieve coherence and economies of scale, similar to a public utility. The cloud model comprises five essential characteristics, three service models, and four deployment models. Three Service Models: Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Four Deployment Models: private cloud, public cloud, community cloud, and hybrid cloud.

There are many advantages of cloud-based services. 

    • One of the main advantages is that it can help organizations save money. With cloud-based services, organizations can avoid the high upfront costs associated with traditional on-premises computing infrastructure. Additionally, cloud-based services can be scaled up or down quickly and easily to meet changing needs, which can further help organizations save money.

    • Another advantage of cloud-based services is that they can improve organizational agility. With cloud-based services, new applications and services can be deployed quickly and easily. This can help organizations keep up with the latest market trends and better meet the needs of their customers. Additionally, cloud-based services can make it easier for organizations to experiment with new technologies and applications.

    • Finally, cloud-based services can improve security. With cloud-based services, organizations can benefit from the expertise of the service provider in areas such as data security and disaster recovery. Additionally, cloud-based services can make it easier for organizations to comply with data security and privacy regulations.

What are the 4 main types of Cloud-Based Computing Services?

Cloud-based computing services are delivered over the internet and provide users with access to a virtual environment that can be used to store, manage, and process data. There are four main types of cloud-based computing services:

1. Infrastructure as a Service (IaaS):

Infrastructure as a Service (IaaS) is a cloud computing model in which a service provider delivers computer infrastructure—including servers, storage, networking, and data center facilities—to its customers on a pay-as-you-go basis. IaaS is one of three main categories of cloud computing services, alongside Platform as a Service (PaaS) and Software as a Service (SaaS).

IaaS providers typically own and operate the underlying hardware and software resources, and customers access those resources via the Internet. This model enables customers to avoid the upfront capital expense of purchasing and managing their own infrastructure, and pay only for the resources they use on an as-needed basis. 

2. Platform as a Service (PaaS):

Platform as a Service (PaaS) is a cloud-based computing service that provides users with a platform for developing, testing, and deploying applications. PaaS is typically offered as a subscription service, and users can access the platform via a web-based interface or a set of APIs. PaaS services can include everything from simple application hosting to complex data processing and analytics.

PaaS is a popular option for developers who want to focus on building applications, without having to worry about managing the underlying infrastructure. PaaS can also be a cost-effective way to scale applications, as users only pay for the resources they use.

Some of the most popular PaaS providers include Amazon Web Services, Google App Engine, and Microsoft Azure.

3. Software as a Service (SaaS):

SaaS is a cloud-based computing service that allows users to access and use software applications over the internet. These applications are typically hosted by the service provider and delivered to users on a pay-as-you-go basis.

SaaS is a convenient and cost-effective way for businesses to access the latest software applications and tools, without the need for expensive on-premises hardware or software licenses. SaaS applications are also easy to set up and use, and can be accessed from any internet-connected device.

The SaaS model has become increasingly popular in recent years, as businesses of all sizes look to take advantage of the many benefits it offers.

4. Storage as a Service (STaaS):

Storage as a Service (STaaS) is a cloud-based computing service that provides users with a platform for storing, managing and accessing data. STaaS is a scalable, pay-as-you-go service that offers users a flexible and cost-effective way to store and access data. STaaS is designed to meet the needs of businesses of all sizes and can be customized to meet the specific needs of each business.

How to make the best use of Cloud-Based Computing Services for your business?

There are many different cloud-based computing services available, and the best one for your business will depend on your specific needs. To make the most of these services, you’ll need to carefully consider what your business needs and how the various services can best meet those needs.

For example, if you need a lot of storage space for your business data, you’ll want to choose a service that offers plenty of storage space. If you need to be able to access your data from anywhere, you’ll want to choose a service that offers cloud-based computing services.

No matter what your specific needs are, there’s a cloud-based computing service that can help your business. By taking the time to find the right service for your business, you can make sure that you’re getting the most out of these services.

How can Futran Solutions help you?

Futran Solutions has a lot to offer when it comes to cloud computing. They can help you with everything from setting up your infrastructure to managing your data. They also offer a variety of services that can help you save money and increase efficiency. In addition, Futran Solutions is always innovating and expanding their services, so you can be sure that they will always be able to meet your needs. 

If you’re looking for help with cloud computing, Futran Solutions is the perfect partner. We have a team of experts who can help you with everything from migrating your data to the cloud to managing your cloud-based applications. We can also help you optimize your cloud infrastructure for maximum efficiency and performance.

Conclusion –Cloud-Based Services are very useful to a business. You just have to do the research and the hard work of finding the right type of Cloud-Based Computing Services for you! If you are still unaware on what is the Cloud-Based Computing service for you, you should definitely reach out to the experts at Futran Solutions. 

    • Simplifying patient appointment scheduling
    • Speeding up account settlements
    • Streamlining claims management
    • Implementing discharge instructions
    • Recording audit procedures
    • Improving the healthcare cycle

RPA in Insurance

RPA in Insurance helps improving transactional, administrative tasks which are repetitive, high volume and rules-based activities by building a high-growth responsive business. Adopting RPA in Insurance sets the industry to become more customer-centric and efficient to help insurers by integrating new front-end technologies with back-office environments. Here are few uses cases for RPA in Insurance.

    • New Business & Underwriting

    • Claims Processing

    • Business and Process Analytics

    • Manual Data Entry Process

    • Usage of Legacy Applications

    • Regulatory Compliance

What are the Benefits of RPA?

RPA helps you to include flexibility, agility, adaptation, and price potency into your business processes.

    • Enable you to scale operations: Unlike humans, Robots can work longer hours without any breaks.

    • Saves time: Using a robotic application helps to reduce human errors and the time required correct them which leads to better customer experiences.

    • Cost Effective: Surveys estimated that RPA deployment is cost effective.

    • Minimizes IT department interference: With the help of RPA employees are allowed to train and manage their own robotic assistants using RPA.

    • Ensures there are no extra infrastructure costs: As there is no significant changes required to the infrastructure by implementing RPA in finance and banking.

    • Increases human employee efficiency: As per the studies, robots can work up to five times faster than humans on specific tasks which results in time saving and increasing the job satisfaction.

    • Reduces human error: Financial RPA increase output quality by eliminating human errors that happens due to human nature.

What are the Challenges of RPA?

    • Organisations have struggled to deploy RPA automation process as it is easy to implement but hard to manage.

    • A big challenge to automate end-to-end processes as many RPA tools may be insufficient to automate all the process steps.

    • Technical ambiguity: RPA installation is very easy and therefore it is one of the key features of RPA. For the successful RPA deployment, it is important to conduct in-depth research to resolve technical and functional queries.

Conclusion – Leveraging AI and RPA enables faster decision-making and reduces the chances for human bias by improving efficiency for organizations across the industries such as Insurance, Finance and Healthcare. Futran solutions is the best RPA solutions provider to automate your business processes and facilitate digital transformation rapidly. Learn more about how companies can successfully implement digitalisation to scale their operational excellence.