Big data analytics can transform every other organization on the planet. However, it is those companies that manage software licenses to address their needs that are most affected by advances in big data.
Let us see the role of Big Data in software licensing management.
Big Data Gives an Edge to Companies Managing Software Licenses
Do you have an idea of how many software licenses does your organization have? Do you know the value do they bring? Big data algorithms will help you to get an answer to these questions and help you leverage your applications as much as possible.
Every organization aims to reduce operational, support, and software budgets over time. This is to ensure that the infrastructure costs and license spend costs are a in line with the business strategy and to reduce the overall risk of being under or over licensed.
But once it is time for the budgeting season, the software license management tools become benched.
However, business leaders are inclining towards software license management and giving it the recognition that it deserves as a worthy investment that reduces IT spending.
Top Benefits of Using Big Data for Software
Big data is improving the viability of software license management to a great extent. This is especially true with healthcare organizations that use software, but is applicable to the other industries do as well.
Reducing costs of compliance
According to a recent report by Gartner, an estimated 68% of companies are audited every single year. They face very large fines if there are any defects with their software licenses. Big data is helping them to assess the risk of audits and identify defects that need to be rectified.
Minimize operational costs
It is necessary to understand the cost structure of your SAM environment. By knowing this, we l can find wasteful costs and find ways to cut them.
Project IT requirements
You need to have a clear understanding of your future IT requirements. Predictive analytics technology will help to forecast these requirements. This will allow you to invest more in resources that will help your software run in an optimal manner and avoid future bottlenecks.
Improve advantage in the competitive landscape
You have to make sure that your software is capable of maintaining a competitive edge in the market. Big data analytics will help to ensure that in many ways. It gives a 360-view that will help you to assess customer requirements, as well as understanding the logistical advantages of your competitors . You can also figure out how those advantages should be tackled.
Re-purpose existing resources
It might not be necessary to always develop new software licenses from scratch. The existing software can be re-purposed to address some of the problems your organization is having. Big data will help you you to do a quick assessment of your existing software licenses and see how it can be utilized to solve these challenges.
We can make use big data to get a better understanding of the talent pool within your organization. This allows you to make sure that you tap the right employees to make the software applications that your company needs to survive on.
Managing the software licenses of organization saves you a lot of money in the long run. It reduces any chance of getting sued for fake licenses, and you can be assured that your employees are well equipped with the right tools to complete their projects. Big data can help you there.