CUSTOMER SUCCESS STORIES

VersionBay

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.”

Gareth Thomas, Co-Founder, VersionBay

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.
Fields with * are required.

Latest Blogs

Prevent Hidden License Costs of Employee Turnover

Many industries are currently experiencing major changes as people move from one organization to another. For example, Gartner predicts a significant increase in the annual US employee turnover from the pre-pandemic average. As a result of changes in personnel, some software licenses remain unused. This sometimes leaves the IT department unaware of such “lost” licenses,

Read more →

Why You Should Deep Dive into Your Autodesk® License Usage

If you’re part of an enterprise that considers Autodesk® as an integral part of their operations, you might have heard of the recent changes in Autodesk licensing. This, accompanied by the latest price increase, might have prompted your organization to take a closer look at your Autodesk license usage. In the second session of our

Read more →

Top 6 Mistakes in IT Asset Management Implementation

As businesses continue to innovate and adapt to the world’s current resources, they have become increasingly dependent on digital data, applications, and workflows. Reliance on these convenient processes requires an understanding from businesses that every choice they make and every mistake they commit can impact their operations significantly. These mistakes are why the accurate tracking

Read more →

Subscribe to our newsletter

Sign up to receive the latest news and updates.

Thank you for
subscribing to our
newsletter!

X