Without software, some of the most fundamental everyday tasks we perform would be impossible. According to Gartner, the enterprise software industry has experienced unexpected disruption and is expected to continue to see large growth due to the evolution of digital business. In fact, 2018 saw the category experience its largest growth percentage1 . With all this expansion, how are companies managing these expensive assets, including the associated commercial risks?
Software has earned a reputation of being challenging to manage, with complex licensing rules and security threats adding additional pressure on already stretched sourcing and vendor management (SVM) leaders. On top of that, through 2019, every dollar invested in innovation across the business will require an additional $7 in IT execution, which SVMs will have to manage2 .
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1 Gartner (April, 2018). Gartner Says Global IT Spending to Grow 6.2 Percent in 2018. [Online] Available at: https://www.gartner.com/newsroom/id/3871063
2 Gartner (March, 2018). 4 Challenges Facing IT Sourcing and Vendor Management Leaders. [Online] Available at: https://www.gartner.com/smarterwithgartner/4-challenges-facing-it-sourcing-and-vendor-management-leaders/
Tags: Asset Management, Digital Transformation, Managed Services, Snow Software, Software as a Service, Software Asset Management (SAM), Software Management