Why Data as a Service is a Significant Opportunity for Businesses

Michael Finnigan
Nov 23, 2021

Almost every business understands the concept of software as a service as it has been around for over a decade. Although companies are using SaaS on a broader scale, it does not support cloud computing services and massive data storage. Rather, these technologies are perfect for basic data storage and application hosting. However, companies face various challenges in processing huge data sets with limited bandwidth.

Today, we have a convenient and user-friendly solution that offers price-efficient bandwidth and cloud storage, Data as a Service. Data as a Service or DaaS is a data management strategy that supports cloud computing systems. Also, it delivers data storage, data sets, analytics, and processing services to businesses. Unlike SaaS, DaaS doesn’t run on on-premises, but it functions with a cloud computing strategy.

Advantages of Data as a Service

Some benefits of data as a service are:

1. Cost-Optimization

The DaaS model is flexible and cost-effective for business operations. Many companies invest in DaaS to allocate their data on cloud computing systems and manage their workflow without purchasing physical equipment. Companies can save significantly on buying hardware such as computers and servers for data storage. All a company needs is an internet connection. This service especially benefits small businesses as they can operate without purchasing physical resources.

2. More Accessible Data

Since DaaS enables businesses to store data on cloud storage locations, people can easily access the data throughout the globe. Companies can receive data and generate insights for a well-informed decision-making process.

3. Improved Business Intelligence

DaaS offers businesses quick access to their sensitive data regardless of size. Also, companies can gather correct data and make decisions using proper evaluation. Otherwise, they have to make decisions through manual assessment and gut feelings, which can be risky.

4. Automated Maintenance

Many businesses still manually update their devices, which can be time-consuming and problematic. However, businesses can automatically update software and tools by integrating the DaaS platform. As a result, businesses can divert employees’ attention to valuable tasks.

5. Less Need For Staff

When using DaaS platforms, you no longer have to train employees to manage data tool setup and management. They can transfer this task to the DaaS platform as well.

How Businesses Can Get Started with Data as a Service

DaaS is a new technology, but that doesn’t mean you need a professional to integrate the solution with the business. You can easily set up and customize the platform according to your business needs. Here are some steps to incorporate the DaaS tool with your business:

  • Choose a DaaS solution after considering various factors such as scalability, reliability, flexibility, and pricing.
  • Register your business to activate the platform.
  • Transfer your data on the platform
  • You are all set to perform different tasks.


DaaS platforms might seem complicated, but installing and using these tools isn’t difficult. Now that you are aware of DaaS benefits, you can evaluate different platforms and choose one that provides maximum benefits to your business.