IntroductionBy Eistein Fosli, Founder, Open iT, Inc. Presented at the GEO India 2008, September 17-18, 2008, New Delhi, India
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.
Software metering has several major functions. Its most critical role is to keep track of how software is used throughout a business. Which group, processes or location are using which software, how much of the time? Combining such information with business results, such as which groups or locations generate most value, enables companies to equip their IT users with the best tools so as to optimize their workflow.
Open iT is a software and consulting company that specializes in helping companies to gain control over their IT resource use, enabling them to cut costs and waste, and improve their business processes.
The methodology applied is very similar for all clients. First, meter IT resource usage, including all software usage. Next, categorize or group and analyze the results by combining the metering information with other IT and business information, such as purchased licenses, support costs, available contract options, hardware costs, human resources, and local business information. The author has witnessed major improvements in most companies where this methodology has been applied. With appropriate metering and analysis, it is possible to optimize the IT environment.