Take Control of MathWorks® Licenses
“Analyzer for MathWorks® Licensing is extremely powerful, and very flexible. It is great to have Open iT services there, ready for any questions we have.”
Highlights
- VersionBay wanted to track and associate the usage of MATLAB and its different toolboxes to specific projects.
- The company also wanted to monitor the number of hours used by the team on each version of MATLAB and to increase productivity by standardizing on a specific version of MATLAB.
- With Analyzer for MathWorks® Licensing Level 2 and LicensePlanner, VersionBay was able to not only track the specific MATLAB version but also how long each version was being used.
Company and Business Overview
VersionBay helps other companies reduce the risk and quantify the value of migrating to newer versions of MATLAB. To do so, the company has developed its own internal testing tools to validate numerical accuracy between MATLAB versions, as well as performance and memory profiles across different versions. VersionBay’s business model is based on taking existing MATLAB code, making it work in new versions, and sharing best practices with customers.
Business Challenges
“We have struggled for years to find a good way to measure and track MATLAB usage,” said Gareth Thomas, Co-Founder of VersionBay.
There were two main issues that VersionBay needed to address. The first one was that MathWorks tools were some of the biggest items in VersionBay’s software budget and tracking how many hours of computing time goes into each project had always been difficult. The second main issue was the difficulty in internally quantifying how many hours each consultant used on each version of MATLAB.
Whitepapers
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.
Take a Guided Tour
Get answers with a one-on-one walk-through.
Schedule a live demo today. We’ll show you how your business can benefit from an efficient software asset management program with Open iT usage metering tools.
Latest Blogs
Navigate SAP Migration Complexities with Optimizer for SAP® Licensing
As enterprises move from ECC or other legacy systems to S/4HANA, the greatest challenges often stem not from technology, but from the evolving dynamics of SAP licensing. Open iT’s Optimizer for SAP® Licensing enables organizations to navigate this SAP migration with greater accuracy, visibility, and control, ensuring that licensing becomes a foundation for success rather
Smart Hexagon Software Monitoring: Powering Innovation in the Automotive Industry
Hexagon software is redefining how the automotive industry approaches electrification. As electric and hybrid vehicles evolve into intelligent digital platforms, design and production now depend on precision data and simulation. From CAD and metrology to AI-driven modeling and validation, Hexagon’s integrated software ecosystem enables manufacturers to accelerate innovation, improve efficiency, and ensure quality across every stage
5 Effective Strategies to Stand Strong in Software Renewals
Software license renewal is something every organization deals with, whether it’s once a year or more often. It’s easy to treat it like a routine task, but it can be a great chance to save money and make smarter decisions. Vendors often bring their own pricing bundles, special deals, and usage reports that support their side of the deal. That’s why it’s important for you to go
Subscribe to our newsletter
Sign up to receive the latest news and updates.