Everyone loves an acronym but when technology is involved, they can be difficult to decipher. So, what is SaaS and what is it used for? SaaS stands for Software as a Service. In essence, it is a way for companies to use applications and access data over the internet. The software is owned, delivered and managed remotely by providers but can be utilised by customers from any device with an internet connection. So, instead of having to invest in and install software, companies basically rent it from providers and access it online. This makes it cost-effective and, with security updates…