What does the acronym SaaS stand for?

The acronym SaaS stands for "Software as a Service." This model allows users to access software applications over the internet on a subscription basis, rather than needing to install or maintain the software on their local devices. SaaS operates on a cloud computing infrastructure, providing flexibility, scalability, and enabling updates to be delivered automatically without user intervention.

This approach contrasts with traditional software delivery methods where users must purchase licenses, manage installations, and handle updates. SaaS is attractive to businesses because it reduces the burden of IT management and can lead to cost efficiencies. Through SaaS, applications such as Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and collaboration tools are readily available to users, promoting ease of access and collaboration across different platforms and devices.