A token-based license is one of the types of software licenses under a pay-per-use model. It is categorized under network licenses and can be shared among a large number of users over a specific period. Customers purchase a pool of tokens to pay for the usage of a certain product. Token pools come in two
Equinor is an integrated oil and gas company with headquarters in Norway and branch offices in 28 countries. Since 1998, Equinor has deployed Open iT for usage reporting on their multi-million dollar software investment, to manage software licenses used for exploration, reservoir management, drilling, production, business decision analysis and data management.
Annually, Equinor pays for a wide range of software licenses used in exploration, production, project management and many other work applications. Access, training and support are crucial for achieving optimal efficiency in the usage of these applications. Equinor searched for a license administration tool to aid these processes in the company. An overview was needed, not only of purchased and installed software, but also showing how software was being used: many technical applications were used intensively at times and rarely at others. Accurate software usage analysis was needed to allow Equinor to negotiate flexible license agreements.
Cost Allocation and IT Chargeback
The most efficient way to create more accountability and awareness of how IT resources are used is to implement a chargeback system.
Software Usage Monitoring and Optimization
Learn how usage monitoring in an E&P IT environment can be beneficial for many stakeholders.
Rising Use of Subscription and Pay-per-Use Software Licensing Models
Have a meaningful software usage metrics and tools to evaluate and plan appropriately prior to making new licensing decisions.
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Technological advancements, such as software solutions, give businesses the potential to maximize their profits by making work easier and more efficient. Through various software applications, companies can double productivity in less time. However, with the increasing number of software resources also comes the mounting complexity of managing IT resources, which can become excessively expensive. Hence,
For over 30 years, Materialise has been leading the way for 3D printing solutions in the associated software necessary in the data preparation, build, design optimization, and control of 3D printers, as well as in manufacturing. Their software solutions — which include Materialise Magics, 3-matic, and Inspector — set the industry standards. Consequently, many users