Tip 7: Have you ever seen and wondered what these abbreviations mean? SaaS, CaaS, PaaS, and so on.

More and more “services” replace “products”. You can these days, for example purchase online accounting as a service instead of purchasing a software license and a computer to install it on.

In addition to software, you can also buy Computation power as a Service (CaaS) or a Marketing automation Platform as a service (PaaS). The concept of X as a service (XaaS) can be used both in services towards your personal as well as your business needs. Today you can actually buy literally “Anything as a Service”. XaaS brings lots of benefits among which:

1. Replacing large investments for the users of the service with relatively smaller monthly fees

2. Transferring most of the responsibility for the hardware and software (uptime, quality of service, security, etc) to the provider 

3. Flexibility and agility in improvements and adjustments as and when needed 

4. Ensuring predictable streams of income for (XaaS) service providers enabling them manage their expenses and operations sustainably 

Want to learn more about the role of XaaS model in digital transformation, you can read our article here. If you have further questions, write to us here.

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