SaaS Hangover
2023 | Business | 1-2 Years
The pandemic turned the remote workforce into a gold rush for SaaS businesses, catapulting profits to stratospheric levels. Yet, here we are, nursing what I call a “SaaS hangover,” courtesy of those dizzying monthly subscription fees. It’s not uncommon to hear of behemoth organizations forking over tens, even hundreds of thousands monthly for what are essentially straightforward applications. Amidst this digital evolution, a seismic shift looms: a return to the pre-cloud era of on-premise solutions and perpetual licensing. This isn’t just nostalgia; it’s strategic. Companies are craving more than ever control over their data, robust security, and the cost predictability that comes with owning their tech stack. The allure of the cloud is waning, not because it failed to deliver, but because businesses are waking up to the hidden costs and constraints of renting their digital foundation.
Side Effects
- Increased Investment in IT Infrastructure: Companies will invest more heavily in their own IT hardware and software, leading to a resurgence in demand for specialized IT personnel.
- Shift in Vendor Relationships: A move towards partnerships with hardware vendors and software companies offering perpetual licenses rather than subscription-based cloud services.
- Enhanced Data Security Measures: With the transition to on-premise, businesses will prioritize strengthening their internal security protocols to protect against breaches.
AI Enters the Workforce
2023 | Business | 2-4 Years
2023 | Business | 2-3 Years
Project Manager Copilots