Regular price increases, which can be difficult to track when costs are contingent upon number of users, standard and premium content, usage of special features, etc.
The largest providers account for 50 – 75 percent of most in-demand sources, depending on your industry, and each has some highly valuable – and exclusive – content.
Even when content is available from multiple sources, moving from providers that users know and are comfortable with can be difficult and often requires an investment in new product training.
Multiple and Duplicate Contracts:
Large enterprises often have multiple departments independently subscribing with the same vendors, unwittingly duplicating services.
Optimizing data services, while minimizing costs, requires a comprehensive approach that includes understanding demand and usage patterns, current sources and contract terms, and price bench-marking within the context of your industry and user types.