Recent studies from IDC and Gartner reveal a growing shortage of qualified IT professionals, particularly in software asset management (SAM). This shortage has led to significant challenges for organizations, including lost revenue, decreased product quality, and reduced customer satisfaction. SAM managed services offer a strategic solution to address this growing talent gap, providing the specialized expertise needed to effectively manage, optimize, and renew critical software licenses.
A Multi-Trillion-Dollar Skills Gap Problem
The ongoing IT talent shortage is projected to cause $5.5 trillion in lost revenue by 2026, according to IDC. Already, nearly two-thirds of IT leaders in North America report missed growth targets, weakened competitiveness, delayed projects, and lost business as a direct result of this skills gap.
What’s most alarming is how the rapid pace of technological advancements, including artificial intelligence, cloud computing, and advanced data analytics, continues to outpace the workforce’s ability to adapt. As these technologies evolve, the demand for specialized expertise grows, making it increasingly difficult for companies to keep up.
Amid the IT talent shortage, SAM managed services are essential to prevent costly engineering software investments from becoming financial liabilities.
Engineering and Technical Software Licensing: Higher Stakes
In industries like engineering, energy, construction, manufacturing, oil and gas, the IT skills gap becomes even more critical when managing and optimizing costly technical software licenses. High-value engineering solutions such as Autodesk, MATLAB, Siemens, Bluebeam, and Dassault Systèmes often constitute a substantial share of an organization’s IT budget, making effective license management essential for controlling costs and ensuring optimal usage.
Effective software license management requires in-depth knowledge of usage patterns, license agreements, and vendor-specific nuances. The absence of robust license management can turn already expensive software investments into major financial liabilities, compounding the broader challenges caused by the IT talent shortage.
Open iT SAM Managed Services: Expert Software License Management
Gartner projects that by 2028, organizations utilizing SAM managed services will see a 25% reduction in costs and a 50% improvement in data accuracy. Open iT is poised to help you realize these benefits with our advanced managed IT services.
Open iT’s SAM managed services are designed to address the growing IT skills gap, particularly for industries heavily reliant on engineering and technical software licenses. By offering a full suite of software asset management services, Open iT helps organizations maximize their software investments while alleviating the pressure caused by a shortage of skilled IT professionals.
Key Offerings from Open iT Include:
Comprehensive License Optimization
Through in-depth analysis and license optimization, organizations can prevent overspending on redundant licenses and mitigate the risk of non-compliance penalties. Optimization techniques may involve identifying unused software, reallocating users between named and floating license pools, uncovering underutilized licenses, and retiring outdated software versions to enhance efficiency. Comprehensive insights into usage patterns and trends enable companies to fine-tune their software purchasing decisions, frequently resulting in substantial cost reductions.
In-Depth Usage Monitoring and Reporting
Granular visibility into how software licenses are used across the organization identifies usage patterns, inefficiencies, and areas where underutilized licenses can be reclaimed. These actionable insights streamline operations and enable data-driven decisions for improved performance and cost-effectiveness.
Compliance and Risk Management
Navigating complex software license agreements requires specialized knowledge. Managed IT services ensure organizations remain compliant with vendor agreements, reducing the risk of costly audits, penalties, and legal issues.
Vendor Analysis and Negotiation Support
With 25 years of experience, Open iT provides expert vendor analysis, helping assess value and performance. Our negotiation support secures favorable terms, ultimately reducing costs and aligning software investments with business needs.
With continuous support from industry veterans, organizations can stay ahead of the curve while focusing on core operations. Open iT’s services are scalable and adaptable, making it easy for companies to adjust as their software needs evolve.
Burns & McDonnell’s Success with Open iT
When faced with the challenge of managing high-cost engineering software licenses, Burns & McDonnell turned to Open iT for both advanced solutions and professional guidance. By leveraging Open iT’s consultancy services, the company was able to optimize their software usage, consolidate data from 150 license servers, and create transparent, real-time reports.
With tailored advice, the company reduced unnecessary licenses and saved 25% on their total software spend—equating to $700,000 in annual savings. This approach also fostered a culture of data-driven decision-making and improved collaboration across departments.
Expert-Driven SAM Managed Services to Solve Skills Gap
Open iT’s deep expertise in managing high-cost engineering and technical software means your organization can expertly navigate the complexities of software asset management. By partnering with an established and trusted managed IT service provider, you can turn the current IT skills gap into a strategic advantage, driving significant cost savings and enhanced operational efficiency.
