The advantages of FaaS can be grouped into a few categories.
Some of the advantages exist in most PaaS environments, however, they may be more pronounced in a FaaS environment.
Some of the advantages are similar to the advantages of the Microservices architecture, in which the application is structured as a collection of loosely coupled services, each of which handles a particular task. To learn more about Microservices architecture, please visit http://microservices.io/patterns/microservices.html.
Lastly, some of the advantages are specific to the FaaS environment only.