Nasdaq announces new Methodology Revamp for ISE Cloud Computing Index

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ISE Cloud Computing Index Gets Methodology Revamp – Nasdaq.com

Cloud computing (“the cloud”) refers to the way data is stored and processed. Before the cloud, you used to have to store data and run programs locally on your computer’s hard drive-called local computing while cloud computing offers access from anywhere in the world.
Nasdaq revamp the index in order to improve it, so the New Methodology is:“There are three main ways that businesses can monetize cloud computing to offer their clients different types of services online. The new Index methodology replaced the three categories above with these three main categories, which are Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), defined below:

  1. IaaS is a way of delivering cloud computing infrastructure-servers, storage network and operating systems- online as an on-demand service, rather than purchasing that physical infrastructure.• IaaS examples are Amazon Web Services (AWS), Cisco Metacloud, and Microsoft Azure
  2. PaaS is a platform for the creation of software in the form of virtualization, middleware, and/or operating systems that is delivered over the internet. PaaS provides a platform that allows customers to develop and manage software development that can be focused on workflow management and utilize data from an application.• PaaS examples are Cloudera, NetApp, and Domo
  3. SaaS is a process for delivering software applications over the internet, on-demand, and typically on a subscription basis. Cloud providers host and manage the software application and underlying infrastructure and handle any maintenance, such as software upgrades and security patching.• SaaS examples are HubSpot, Workday, and Intuit’s TurboTax”

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