Forrester has named Open iT among notable vendors in Software Asset Management (SAM), according to its recent report, The Software Asset Management Solutions Landscape, Q3 2023. We believe this recognition stands as a significant milestone for Open iT and underscores the growing importance of SAM solutions in today’s organizational landscape. The increasing adoption of SAM
El Paso Reduces Annual M&S Costs each Year through IT Usage Visibility
- El Paso needed to reduce their growing software maintenance costs as they experience a downturn in the economy.
- Management lacked detailed information about actual usage.
- The Open iT solution improved checkout and usage practices and eliminated unnecessary purchases.
- By tracking actual usage patterns, El Paso saved hundreds of thousands of dollars during first year of use.
El Paso Pipeline Group owns the largest natural gas pipeline system in North America, and supplies major markets as the nation’s leading interstate gas franchise. With over 5000 employees in Brazil and the United States, El Paso has established itself as a leading producer in two core areas of business, pipelines and exploration/production.
El Paso has a large inventory of expensive geosciences and engineering applications to aid their efforts in exploring for hydrocarbons and safely bring them to the surface. In the midst of a global economic downturn, the company spent significant time and effort to reduce their growing software maintenance costs.
High-end software was managed by FlexNet, which allowed the company to view license checkout activity, but lacked the ability to track usage and productivity levels. When the IT department received requests for high-end software claiming they were at full capacity using existing licenses, the IT team knew they needed more detailed information about actual usage. They also needed to limit server-based licensing to avoid potential hardware expansions.
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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Most of our customers are in industries that make extensive use of engineering and specialty software, where the management of software licenses and entitlements cannot be left to chance and need to be closely monitored. As a result, most of their software asset management (SAM) policies, processes, and support are well managed and mature. This
The Architecture, Engineering, and Construction (AEC) industry, traditionally perceived as slow to adopt new technologies, is at the cusp of a digital revolution. 2024 will see a substantial surge in software spending by AEC firms. However, to truly unlock the value of these investments, AEC must also turn to software license management to effectively manage