Engineering and specialty software are crucial in driving the automotive industry forward. As digitization and new technologies revolutionize aspects from design and production to supply chains, the value of these advanced tools becomes increasingly evident. By adopting strategic license harvesting, automakers, OEMs, and suppliers alike can ensure unfettered access to these crucial tools. Maintaining consistent
Equinor Gains Billing Flexibility and Improves Workforce Efficiency with LicenseAnalyzer2020
- With branches in 28 countries, Equinor needed a solution that will help them negotiate flexible license agreements and improve work efficiency.
- Using LicenseAnalyzer2020, the company was able to lead vendor negotiations using reports based on actual software usage.
- Acquired insights from user-level reports enabled Equinor to create programs that improve their employees’ performance.
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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As the digitalization in the oil and gas sector accelerates, investments in software licenses intensify. Gartner predicts a jump in global enterprise software spending, from $783 million in 2022 to $856 million in 2023. Recognizing this trend, CIOs in the oil and gas industry now leverage business intelligence and data analytics to strengthen digital strategies and gain
Managing corporate assets and resources, such as engineering software licenses, is just one of the many tasks carried out by senior associates, department heads, and upper-level managers. Thus, the concepts of software license management, software asset management, and IT asset management are not groundbreaking ideas for some companies. However, they still encounter their fair share