With inflation hitting a 40-year high and a global recession on the cards, there’s no hiding away from the fact that costs are on the rise across the board.
Subsequently, CIOs are being tasked with evaluating, justifying and ultimately reducing IT spend. One specific area of focus is the amount being invested in software-as-a-service (SaaS).
In many modern organizations, SaaS spend now represents as much as 12.7% of total spend, making it one of the largest costs behind salaries. The problem, however, is that it is this area of spending that will be impacted almost immediately by the rise in inflation.
