An acronym for « Software As A Service ». SaaS is, above all, a new business model for software, making it available online — hosted in the cloud rather than on the end user's machine.
Beyond the lower costs for the company that owns the product, online hosting enables quick deployment and real-time evolution and measurement.
Well-known SaaS examples:
- Slack
- Salesforce
- Stripe
- Trello
- Zendesk.
In tech (and in economics), a product is a good or a service tied to a production activity, meant to satisfy a need — usually in exchange for a price paid by the user.
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