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As per the latest research reports, the top-most priority of large global companies while allocating their IT budget is the need to upgrade outdated Information Technology (IT) and software infrastructure while also fortifying against the increasing information security concerns. Today, amidst the ‘UBER-ized – as a Service’ age with cloud-hosted solutions accounting for nearly 20 per cent of all IT budgets, hardware costs still remain at 42 per cent. With major IT leaders and hardware manufacturers considering cost-cutting as one of their top organisational priorities, let’s understand how the concept of Device as a Service (DaaS) could future-proof the IT department of OEMs and tier1 suppliers in terms of cost, security, automation, and more.