Video: IT Outsourcing

In this lesson, Nick Palazzolo, CPA, demystifies the complex world of IT outsourcing by breaking down various service-based business models such as Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). He makes the subject relatable by comparing cloud services to everyday experiences like renting an empty office, using a fully equipped kitchen, or using a finished application. Nick explains why organizations use outside providers: a provider may reduce the burden of paying for servers, storage, networking equipment, facilities, maintenance, and security, but it is not automatically cheaper, and it does not make risk disappear. He also provides insights into how these services can be utilized for data storage, remote computing, developing, and testing applications. With everyday comparisons and straightforward explanations, Nick makes the details of IT outsourcing approachable and clear.