Software as a service or SaaS is a cloud-based alternative to traditional software systems. The market for cloud computing is one of the fastest growing in the world. The reason behind this rapid growth are the numerous benefits in cost reduction and efficiency that come with this cutting-edge solution. SaaS, along with Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) form the three fundamental components of cloud computing.
The integration and acceptance of SaaS has been considerable over the years. It is estimated that 64% of small businesses are relying on cloud computing to solve a number of operational issues and enhance productivity. Moreover, 88% of the ones that don’t have cloud computing options in place have plans to implement them in the next couple of years.
This article provides a brief overview of what SaaS is and the benefits that make it so lucrative:
What is SaaS?
The definition of SaaS is evident from the name itself. According to Gartner, one of the leading research firms in the world, Software as a Service is a platform that is “owned, delivered and managed remotely by one or more parties”. In simple terms, any software that is sold on a subscription basis over the internet and accessible through cloud-based infrastructure is called SaaS.
The benefits of SaaS
Besides being famous and easy to integrate, there are numerous other benefits of SaaS for businesses:
SaaS solutions help cut cost on a number of avenues. There are no infrastructural requirements or the need to purchase new hardware. The service provider will perform most of the work for you and have everything up and running in a minimal amount of time. The costs saved in the process range from human capital to hassles of training employees and installing relevant devices for the system to work effectively.
2. Well-engineered and constantly maintained services
Unlike a traditional software that would require the business to install updates manually as well as perform certain system upgrades for the tools to work effectively, SaaS is maintained and managed by the service provider. They are effectively updated by a team of professionals, and the business can access these tools without having to perform lengthy upgrades at their end. This usually avoids many inconveniences, like system downtime that impacts customer experiences and revenues, as well as loss of internal productivity, due to updates that might be running on the system.
3. Remote access
SaaS provides organizations and their employees access to the system from anywhere in the world, removing the limitations of only executing tasks while in a designated office. While this might diverge from the traditional way in which tasks are executed, it has been shown to boost productivity in organizations.
The benefits of SaaS are not limited to the ones given above. One significant advantage of these tools is that the backups and data recovery is handled off site on cloud-based servers, making it more secure than the traditional structure. These benefits make SaaS based tools an efficient solution depending on the needs of a business.