Cloud and technology sourcing

Developments in technology, business practice and implementation require the technology sourcing practitioner to understand characteristics of the technology deployed, how data is used and transferred and the nature of the IT solution in the context of the sector in which it will operate. To explore the scope of further aspects of technology sourcing transactions, see:

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Technology sourcing—IT outsourcing—overview
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Technology sourcing—Data protection & technology sourcing—overview
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Technology sourcing—Technology and service integration—overview
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Technology sourcing—Financial services and technology sourcing—overview
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Technology sourcing—Public sector technology sourcing—overview

What is cloud computing?

Cloud computing is the shift of software or infrastructure from the physical possession of the customer to a shared common location controlled by a third party. The customer accesses this through the internet or a private network. Rather than incurring capital expenditure or ongoing licence fees, the customer generally pays for use on a subscription basis.

The three main types of cloud service are software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS):

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SaaS is a service under which multiple customers gain access, usually through the internet,

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