As technology changes and a business grows, it can start to seem like you’re constantly replacing hardware or software to keep up. Is there an end to that cycle? Yes, there can be.

More and more companies are moving toward an IT strategy that includes hardware as a service (HaaS) and software as a service (SaaS). It’s an effective approach for small businesses who rely on technology to run their business and want it to keep up with their changing needs.

Hardware as a service comes in two forms: on premise and cloud based. On-premise hardware as a service involves working with a managed services provider who essentially leases you the equipment. Instead of buying hardware directly, an IT company provides the equipment and has an agreement to service and upgrade it for you. 

Cloud-based hardware as a service utilizes a cloud-based infrastructure, which uses resources on demand. As more RAM is needed, for example, it can be temporarily or permanently accessed and paid for as used.

Software as a service works in a similar way. Office 365 is one example, and there are many other applications that have moved from installed versions to monthly subscription services, including everything from accounting to graphic design software. Where upgrades are automatically included with your monthly fee, you always have the latest version of the software. You no longer have to worry about whether it’s time to upgrade your old software because both small and large upgrades are included.

In both cases, HaaS and SaaS can level out investments in technology and help match them more closely with the pace of the changing needs of the business.  

If you’re frustrated with replacing or upgrading hardware and software, I encourage you to ask your IT service provider to explore hardware as a service and software as a service options to see if they are a good fit for your business.