European firms waste billions on duplicate software spending

Spendesk estimates Europe could save nearly £6 billion by rationalizing duplicate software. AI spending rose 340% in a year, 72% of AI-using firms pay for two or more competing tools, and average license utilization is just 49%.

• AI spending in Europe rose 340% over the past year
• 72% of AI-using firms pay for two or more competing tools
• Average license utilization is just 49%, half of seats unused
• Anthropic spending grew sevenfold in six months, Cursor more than doubled