The acronym 'BaaS' stands for Backend as a Service. This cloud computing model allows developers to focus on front-end development while the service provider manages the backend infrastructure. BaaS offers essential functionalities like database management, authentication, and cloud storage, streamlining the development process. It reduces the complexity of managing server-side components, enabling faster deployment and scalability. By leveraging BaaS, organizations can efficiently deliver applications and services with greater flexibility and reduced operational overhead.