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The ‘as-a-service’ business model is one where various capabilities in an enterprise are merged using cloud based technologies. Accenture which is a management consulting leader, says that certain business are reaping benefits of this model by reducing costs substantially while at the same time improving servicing levels. Deutsche Bank has implemented this business innovation in their procurement process while Rio Tinto has diversified its information systems using this model. As number firms have gaps in their existing talent pools, they can utilize the cloud based resources to deliver results on certain procedures. Services can be accessed more quickly using ‘plug-in’ methods to reduce time lag from months to weeks, maybe even days.

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