Businesses across the globe highlight DaaS not only as a unique revenue channel but also as a path to reshape the business world through competitive intelligence. The increasing importance of data and analytics is driving the importance of data as a service. External DaaS services enable companies to easily access external data. Internal DaaS services make it easier for companies to democratize analytics and empower their business users. So, in this article, we will discuss DaaS benefits and the latest trends.
What is DaaS?
Data-as-a-service (DaaS) is a data management strategy and a deployment model that focuses on the cloud to deliver a variety of data-related services such as storage, processing, and analytics. DaaS leverages the popular software-as-a-service (SaaS) paradigm, through which customers are able to use cloud-based software applications delivered over the network rather than deploying dedicated hardware servers for a specific set of tasks on a specific set of data.