The past few years have been tough for the average consumer. According to the Bureau of Labor Statistics, consumer prices have risen by 3%, 5%, and 6% over the last three years. The consumer industry isn’t the only industry impacted either.
Just look at the world of enterprise tech, for example. In November of 2022 — back when the consumer price index was busy setting records of the worst kind imaginable — enterprise tech prices were quietly climbing at a rate 4 times higher than that of overall market inflation. What’s worse, this came at a time when organizations were setting records for average SaaS portfolio size. For a time, 1 in every 8 dollars spent by modern organizations went directly to SaaS costs.
