AI Cuts Software Switch Costs In Half
What used to be a months?long slog of license fees, data migrations, integrations and training can now be cut in half with AI helpers. Take a Minnesota company that used ChatGPT to whip up code moving data from Dynamics to a new sales platform in hours instead of weeks.
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IT execs say AI automates mapping, testing and consolidation, slashing both time and cost roughly 50%. That means firms feel freer to chase best?of?breed point solutions rather than stick with incumbents. For legacy vendors, churn risk is rising and renewal talks are getting tougher.
That said, it will critical to keep tabs on vendor renewal rates, churn-related metrics and any bundling AI?powered lock?in moves you might see in the hotly-anticipated earnings season.
This article first appeared on GuruFocus.
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