Stay with SaaS or move to DaaS? The pros and cons of using emerging data services

Data-as-a-Service (DaaS) has become a hot commodity, with companies around the world enjoying access to multiple rapidly-growing, full-spectrum data marketplaces provided by the likes of IBM and Google, as well as S&P Global, Snowflake, and others.

What is underpinning their rising popularity is the fact that hedge funds, investors, and financial services companies are increasingly discovering how they can leverage these rich datasets to make informed decisions.

Governments around the world have also been quick to adopt DaaS practices, especially when it comes to data monetization drives in such fields as health care and smart city projects.

My aim with this article is to explain what DaaS is, what it is packing “under the hood”, and what data collection alternatives are currently available to businesses and organizations.

What is DaaS?

In a nutshell, Data-as-a-Service is a cloud-based type of software that provides users with multi-source data ...