In your view, how will emerging technologies like Al, Edge computing, and blockchain shape the future landscape of the SaaS industry in India?
AI will enable SaaS platforms to elevate user experience with better personalization, and also automate, to a good degree, processes such as customer support. This is not to replace human beings, but rather augment their abilities and empower them with contextual information that helps improve customer satisfaction and also reduces operational costs. Not just that, AI can help with better analytics for forecasting, decision-making, and anomaly detection.
The biggest benefit that Edge computing offers is bringing data processing closer to the users, in turn making SaaS applications work faster and in a more secure fashion. This would also bring down bandwidth costs significantly as data can be processed locally. Blockchain, on the other hand, enables robust and resilient SaaS platforms via decentralized data management-something that's at the core of blockchain technology.
These technologies together will enable more and more industries to adopt SaaS platforms and drive better efficiency in their business processes.
For established saas companies, how do you see your role evolving in the face of industry maturation, and what strategies will be crucial for staying ahead of the curve?
Companies like ours face the challenge of maintaining strong differentiation and offering the best value to customers. In the current economic environment, this becomes even more critical. Below are a few strategies and cultural values that help,
a) Investing in R&D to build technology that not only effectively solves challenges of large businesses but is also affordable in the long term. This is achieved by being obsessed with customer experience and building unified software suites.
This story is from the February 2024 edition of DataQuest.
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This story is from the February 2024 edition of DataQuest.
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