Businesses are using third party software as a service (SaaS) providers to manage their data. What are its pros and cons

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answerhappygod
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Businesses are using third party software as a service (SaaS) providers to manage their data. What are its pros and cons

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Businesses are using third party software as a service (SaaS) providers to manage their data.
What are its pros and cons?
Does one outweigh the other? If not why?
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