Do organizations still shape traffic going to the internet?

There was a time where devices like Packetshaper/Bluecoat where popular for prioritizing traffic going out to the internet. I have worked for two enterprise organization now that have decided to pull these devices out. I now am doing work with a large enterprise org that still has there in. The devices are no longer supported and they are looking for a alternative. However, given that bandwidth is relatively cheap I feel that solution is just throw more bandwidth at it. Also with more applications becoming SaaS based, especially unified communication apps like Teams. I feel that these types of devices cause more headaches then they are suppose to alleviate. What do you all think or what are you experiences?