IT Budgets Shift to Pay-As-You-Go Model

Sopra Steria Next has released its latest CIO Compass publication, highlighting a big shift in IT investment from buying to renting. By 2026, over 75% of IT spending will be pay-as-you-go, but this comes with a risk of overspending, especially on cloud services. Sopra Steria suggests five strategies to manage these costs, like real-time financial tracking and focusing on the value of use rather than ownership. What does it mean for you? If you're in charge of IT budgets, brace yourself for more flexible spending but also more potential for surprise costs. Keeping a close eye on expenses and using smart strategies will help you stay ahead in the game.