In classical software, an upgrade replaces your current software with a newer, improved version. This can be done to improve performance, add new features, or fix bugs and security vulnerabilities. Upgrades are usually performed by downloading and installing new software over the existing installation. Sometimes, you may need to uninstall the old software before installing the latest version. After upgrading, it is important to check that all your data and settings have been transferred correctly. If not, you may need to perform a manual migration.
In SaaS or Internet-based software, upgrades do not require any action by the software user and usually are performed outside of peak hours. 
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