How are you dealing with software price increases? Are you renegotiating contracts, exploring new vendors, or implementing alternative cost-saving measures?

IT Strategy & RoadmapCost Optimization
1.3k viewscircle icon3 Comments
Sort by:
CTO in Transportation3 years ago

We always negotiate for yearly contracts, for month to month it depends on the software. In general we didn't see large price increases yet.

CTO & Digital Transformation Leader in Travel and Hospitality3 years ago

yes, there are a lot of negotiations happenings especially on the cloud costs.  

Senior Director Of Technology in Software3 years ago

We are renegotiating all our contracts and in some cases finding new vendors for our software needs. We have cut down on all products which were being explored for Proof Of Concepts.
With uncertain market conditions, startups are facing the heat to cut down on projects and software costs.

Content you might like

Is digital transformation fully embedded in your organization's business strategy at this point?

Yes, fully21%

Yes, somewhat but there's still work to be done62%

Not particularly12%

Not at all4%

Not sure

View Results

Have you tried rotating people among different areas or teams, particularly when they express an interest in learning something new? If so, what has your experience been with this approach? Have you found that it helps employees who want to join another team or develop a new skill, and has it led to positive outcomes for your organization?

Read More Comments

What are some less obvious or downstream opportunity costs you’ve encountered with AI implementation?

Are you currently reevaluating your cloud strategy?

Yes, we know we need to make changes80%

No, we're confident with our current strategy19%

Most of the application team I lead is in Brazil and the global IT leadership (US-based) now wants to move some of that work to a new global delivery center in India to be more cost effective, but I have doubts. The Brazil team is delivering good quality — is cost efficiency enough reason to relocate the work? What are the biggest pros/cons we need to consider?

Read More Comments