business as a service (cloud computing) (BaaS)

Business-as-a-Service(BaaS) is the highest form of all cloud services and is to be arranged as an abstraction layer above the cloud services Infrastructure-as-a-Service ( IaaS), Platform-as-a-Service( PaaS) and Software-as-a-Service( SaaS).

BaaS stands for complete business processes delivered from the cloud. It encompasses the exchange of goods and services, accelerates inquiry, procurement, development, manufacturing and market coverage, and improves the quality of products and the company's value chain. It stands for legally binding transactions between business entities and partners, without personal interactions and in compliance with Service Level Agreements( SLA).

Business-as-a-Service is supported by artificial intelligence, it shortens the innovation cycles for new products, their production processes and life cycles, and thus gives a boost to companies that create and market innovative products.