One of the most important terms for forward-looking investors to understand is SaaS. This four-letter term stands for Software-as-a-Service. And companies that have mastered SaaS are becoming very lucrative investments.
Perhaps the easiest way to envision this is to remember what it was like — and still is for some — to install Microsoft’s Office Suite onto their computer. And really, 15 years ago, who could afford to go without the bare minimum of Microsoft Word on their computer?