Lucidity

Organizations can follow several best practices to optimize their IBM software licenses. One fundamental approach is to monitor and manage software usage continually. This helps organizations identify over-licensing and under-licensing and make necessary adjustments.

A Fortune 100 company found itself in a costly situation after signing a software contract for $1.8M a year and licenses for 8,500 users. The vendor offered an excellent unit price. The company measured the deal’s value based on the discount they received and built a business case showing that they were saving multi-millions by buying upfront.

As the adoption of public clouds like Azure, AWS and Google grows, businesses increasingly rely on cloud storage solutions to manage and store their vast amounts of data. However, this convenience has significant challenges, especially for crucial decision-makers such as FinOps Directors, Cloud Infrastructure VPs, and CIOs. These professionals are tasked with balancing the need for efficient, scalable cloud storage with the imperative to control and reduce costs. 

As cloud adoption continues to surge, businesses face increasing pressure to effectively manage and optimize their cloud expenses. Enter FinOps is a cultural and financial management practice bridging the gap between finance, operations, and technology. This approach enables organizations to maximize cloud investments by fostering collaboration, enhancing visibility, and driving cost-efficient practices. In this blog post, we will explore the critical role of FinOps in cloud cost management and how it can transform your organization’s approach to cloud financial operations. 

Software normalization and categorization sound like quite an intimidating process, the kind of thing you probably need a couple of bachelor’s degrees for. Since you’re never too old to stop learning, today we’re going to demystify some of the more intimidating elements...