The acronym SAML stands for Security Assertion Markup Language. It is an open standard used for exchange of authenticationauthorization data between different parties, especially in the context of web-based applications. SAML enables single sign-on (SSO) capabilities, allowing users to log in once to access multiple applications without the need to repeat the authentication process. This standard enhances security and user experience by minimizing password fatigue and streamlining account management across diverse platforms and services.