1. What is SaaS (Meaning of SaaS)
SaaS stands for Software-as-a-Service, which is a model of providing software through the Internet. Users no longer need to purchase software but instead rent web-based software from providers to manage business operations, without having to maintain the software themselves. The service provider takes full responsibility for managing and maintaining the software. For many small businesses, SaaS is the best way to adopt advanced technology, as it eliminates the need for companies to buy, build, and maintain infrastructure and applications.
In short, SaaS is like hiring a full-time nanny for a company’s software (such as website construction for a business). Companies no longer need to worry about installation, upgrades, or security issues—these tasks are handed over to the enterprise providing the SaaS service. For companies that provide SaaS services, costs are relatively fixed, and the business model becomes more predictable.