👉 Licensing computing, often referred to as cloud licensing or software-as-a-service (SaaS) licensing, is a model where software is delivered over the internet on a subscription basis. Instead of purchasing and installing software locally, users access it via a web browser or application, paying for the use of specific computing resources, such as storage, processing power, and software licenses. This model offers several advantages, including scalability, cost-effectiveness, and automatic updates, as providers manage the underlying infrastructure and software maintenance. Licensing computing allows users to pay only for what they use, making it particularly suitable for businesses and individuals with fluctuating resource needs. Additionally, it promotes collaboration and accessibility, as users can access the same software from any location with an internet connection.