Most organizations – even large enterprises – use spreadsheets and, at best, limited tooling to manage the millions of dollars they spend on their technology budgets. A complete view of everything at play within the IT tech stack, including metering, usage, licenses, SaaS, cloud, hardware, software, and everything in between, is critical for gaining the necessary understanding to make meaningful budgetary cuts to find savings for AI investment.
Realizing the savings takes work and preventing canada whatsapp number data overspend that eats at AI budgets requires discipline. Our survey respondents stated that 67% of IT leaders believed business units were spending more on SaaS and cloud services than needed. With rising vendor costs and increased cloud pricing on the horizon, technology budgets are going to get even harder to manage.
Even credit ratings rely on ITAM – the global credit ratings agency Standard & Poor released a report earlier this year exploring the financial risk from cybersecurity threats for organizations who do not have a proper ITAM practice in place. This lack, and the subsequent increase in not just cybersecurity vulnerabilities but also the costs to respond to such a crisis, can result in the downgrading of organizational credit ratings.