Recognizing the role of software license management and FinOps in optimizing IT spend is the key to maximizing business value.
With the current rise in oil prices, along with the growing costs associated with oil and gas exploration and production, E&P companies are depending more than ever before on advanced computer simulations and computer modeling to make better predictions and get more oil out every well drilled. Countless IT resources are consumed in order for businesses to remain competitive. However, a significant number of oil companies have still neglected the importance of metering; managing and optimizing software usage. This neglect leads to unnecessary expenditures and therefore a waste of IT resources. Moreover, neglecting close monitoring of IT resources affects a company’s overall business performance.
This paper presents the benefits and applications of software usage metering. The business case covered in this paper is taken from Burlington Resources’ experience by looking at the progress they made from 2002 through 2005, where effective software metering and careful implementation yielded astonishing results.
Wondering how your IT company can adapt to the present challenges of the industry? This article will discuss key issues in IT today and how to overcome them.