5 use cases for SaaS to optimize costs and data protection

SaaS or software as a service consists of a centrally hosted piece of software in the cloud. Businesses can then buy licensed subscriptions to the software and access it via the internet. Essentially SaaS is software that can be used daily, accessed over the internet, and hosted in the cloud.

With SaaS, you can gain access to the essential platforms that your business runs on, including management and communication tools. This comes at the unprecedented speed at any location with internet connectivity. Businesses with distant office branches or even remote employees can access the critical software quickly and easily. This improves work efficiency.

Here are the top 5 SaaS use cases.

1. Big Data Analytics

Big Data has created havoc in the business world. Big Data organizations like Amazon and Facebook collect information on consumer buying trends, preferences and analyzing the data to predict the future trends and grow their businesses. Companies today are collecting and understanding big data to make huge decisions on sales, marketing, and more. When it comes to storing, and analyzing data, SaaS and cloud are powerful tools.

2. Hybrid Cloud

Though the cloud might seem ambiguous, it is essentially someone else’s computer. Companies can host data in three different types of cloud environments — private, public, and hybrid. Choosing which cloud solution is the best depends on your company size. Usually, larger companies with bigger budgets opt for a private or hybrid solution. Similarly, smaller and mid-sized businesses opt for a public cloud as it a cost-effective solution to hosting data.

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