SaaS stands for Software as a Service. It is a cloud computing model where software applications are hosted and provided to users over the internet on a subscription basis.
Data Security and Privacy: Storing sensitive data on third-party servers raises concerns about data security and privacy. Companies must carefully choose reputable and trustworthy SaaS providers with strong security measures and compliance certifications.
Cost-effectiveness: SaaS eliminates the need for upfront hardware and software investments. Instead, businesses pay a subscription fee, making it more affordable, especially for small and medium-sized enterprises.