As businesses continue to shift towards cloud-based software solutions, the cost of technology spending is becoming increasingly complicated. Corporate technology chiefs are reporting price hikes of 20% or more on certain cloud-based software products, which is outpacing the rate of inflation. The situation has resulted in IT leaders rethinking their vendor relationships, as they look for ways to cut costs in a sluggish economy.
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According to Gartner Inc, four of the 10 largest cloud-based software providers have increased their list prices by 10% to 30% on some of their products …
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