The Hidden Cost of Vendor Lock-In in Deep-Tech Companies

This story was originally published on HackerNoon at: https://hackernoon.com/the-hidden-cost-of-vendor-lock-in-in-deep-tech-companies. Vendor lock-in in deep-tech is more expensive than most companies realise. Explore the hidden cost of dependency across PLM, MES, ERP and cloud AI Check more stories related to business at: https://hackernoon.com/c/business. You can also check exclusive content about #digital-transformation, #vendor-management-software, #deep-tech, #plm, #erp-software, #artificial-intelligence-(ai), #technology-strategy, #vendor-lock-in, and more. This story was written by: @irserg. Learn more about this writer by checking @irserg's about page, and for more stories, please visit hackernoon.com. This is the core argument of this article: lock-in has two costs, not one. There is the visible cost of migrating away from an entrenched platform, and there is the invisible, compounding cost of not migrating