Jeremy Gibson, a portfolio manager of the Munro Global Growth Fund, shares the team’s insights into the cloud computing ecosystem, which includes Infrastructure-as-a-Service (IaaS) and Software-as-a-service (SaaS) – what they consider to be the biggest theme of the digital revolution.

IaaS is a form of cloud computing that provides virtual computing resources over the internet. The key advantages of using IaaS are lower cost, flexibility and scalability. In simple terms, they are akin to the railroads of the industrial revolution, but in this instance, providing the infrastructure, speed and compute power without geographical constraints and much, much faster than any railroad can be built.

Software-as-a-service (SaaS) is the application layer of cloud computing. Where the software is hosted in the cloud, the end-user can access the application anywhere, anytime over the internet. These are the locomotives; using the modern-day railroads to deliver their product (software) to consumers and businesses alike.

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Tracey Franks GSFM Adviser

The views expressed are her own and do not consider the circumstances of any investor.