Yep. Software as a Service. Add in Cloud, so even your data isn’t yours anymore, and you’ll keep paying fees for the software and the storage until you are ready lose access to all of your data.
Really looping back to big iron, except instead of an IBM mainframe, racks of blade servers owned by a handful of mega companies willing to carry out the directives of the New World Order.
There is no "cloud." You're just using someone else's server.
But IT management doesn't want to hear it.
Mark