February 2001
As easy as ASP
Application service provision has transformed prospects for suppliers of risk-management software. Systems that smaller corporations would once have found too costly, or too feature-heavy, have become available relatively cheaply and in digestible chunks from ASPs on the internet. Even larger companies can see the advantages of the ASP strategy and it is possible that the model will supersede the installed software approach. Boris Antl and Richard Laden check out what is available and forecast market developments
Installing a powerful risk-management software system is a bit like
owning a horse. A horse may seem like a wonderful idea to a child,
but if you try to keep one in the garage, and have to keep feeding
it and mucking out its accommodation, you quickly understand that
it might be better to stable the horse elsewhere. And when you
realize that you are not getting a chance to ride as often as you
hoped - and that the horse is getting long in the tooth - you may
well conclude that you don't really need your own horse, and that
it might be a better idea simply to join a riding club where you
can saddle up from time to time.
Like horses, in-house risk-management systems and licensed
solutions are extremely costly. Maintaining in-house systems or
even installations of licensed software puts a burden on a firm's
IT organization. Only large financial...
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