How can you avoid vendor lock-in when using business services?
Vendor lock-in is a situation where you become dependent on a single provider of a business service, such as cloud computing, software, or data storage, and face high switching costs or compatibility issues if you want to change providers. Vendor lock-in can limit your flexibility, innovation, and bargaining power, and expose you to risks such as price hikes, service disruptions, or security breaches. How can you avoid vendor lock-in when using business services? Here are some strategies to consider.