Software as a Service Definition | IoT ONE Digital Transformation Advisors

Terms Glossary S Software as a Service

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	Software as a Service (SaaS)

Software as a Service (SaaS)

Formal	A subscription-based model where a monthly fee is charged for using software, rather than an upfront purchase. Software as a Service (SaaS) allows organizations to access business functionality at a cost typically less than paying for licensed applications. Read More
Practical	Software as a Service allows organizations to access business functionality at a cost typically less than paying for licensed applications since SaaS pricing is based on a monthly fee. Also, because the software is hosted remotely, users don't need to invest in additional hardware. Software as a Service removes the need for organizations to handle the installation, set-up and often daily upkeep and maintenance. Software as a Service may also be referred to as simply hosted applications. Read More
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Formal

A subscription-based model where a monthly fee is charged for using software, rather than an upfront purchase. Software as a Service (SaaS) allows organizations to access business functionality at a cost typically less than paying for licensed applications.

Practical

Software as a Service allows organizations to access business functionality at a cost typically less than paying for licensed applications since SaaS pricing is based on a monthly fee. Also, because the software is hosted remotely, users don't need to invest in additional hardware. Software as a Service removes the need for organizations to handle the installation, set-up and often daily upkeep and maintenance. Software as a Service may also be referred to as simply hosted applications.

	ThingTrax ThingTrax is an Industrial IoT company offering Software as a Service(SaaS) based solution to the manufacturing industry helping them track,capture and analyse data from machines and operators in real-timeproviding actionable business insights.
	Celonis Celonis is an American-German data processing company that offers Software as a Service to improve business processes. Our Process Intelligence platform takes the data from the systems you already use and presents you with a living digital twin of your end-to-end processes.

Overview

Software as a Service (SaaS)

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