Software as a Service [SaaS]

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SaaS delivers software via the cloud on a subscription model. Examples: Microsoft 365, Salesforce, Dropbox.

Why it matters:

  • Accessible from anywhere with an internet connection.
  • Reduces need for local installation and maintenance.
  • Automatically updated by the vendor.

Pro tip: Factor in recurring costs — SaaS seems cheap monthly but adds up over years.

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