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Great data automation software creates value.
It enables yourbusinessto work faster, more efficiently and more cost-effectively.
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At the other end of the scale, though, is software that bottlenecks progress and eats up resources.
Cost-cutting continues to dominate the agenda for Operations leaders.
But even if you have paid for your on-premise system do you really know how much its costing you?
Answering that question is difficult.
Licenses, maintenance and hardware are just the tip theres a lot more lurking below the surface.
Heres what else you should probably factor into your calculations.
Chief Product Officer at Duco.
But it may not bring any additional features and benefits that you need.
One client told us that they recently finished upgrading their ten-year old on-premise system to the latest version.
Another client a smaller firm budgets $1m every year for upgrades to their on-premise system.
Changing from one software version to another often means your IT team has to completely rebuild all your processes.
Again, its worth pointing out that you may not see any benefits from being on the new system.
This is change-the-bank money that youre having to spend, but its not delivering any change.
Its the cost of business-as-usual in an on-premise world.
In that situation, your software ends up being unsupported.
Youve just traded the cost of upgrading for the higher cost of keeping your existing software running.
Are you factoring in the cost of life support for sunset systems into your on-premise TCO?
Time-to-market for change can stretch to months or even years.
This slow time-to-value makes Operations very inagile.
This is an acute problem in todays world.
Regulatory change, for instance, is relentless and happening on multiple fronts.
How many risks is this introducing to the business?
How many opportunities are missed?
These are all costs that must be considered.
But they often have the opposite effect.
The lack of agility explored above forces Ops teams to resort to solving problems manually.
Your IT team is responsible not only for hardware andmaintenance, but often for actually operating the system.
This cost only grows if the system is sunset and requires life support.
Long change management processes cost you in agility and slow time-to-value.
Hundreds or thousands of workers are required to fill the functionality gaps, introducing risk to your business.
These systems are usually well-entrenched in your architecture, making them difficult to remove.
But thats in a world where youre replacing one on-premise tool with another.
Replatforming to an agile cloud platform is an entirely different affair; gradual, measured and low-risk.
We’ve listed the best IT asset management software.
The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.
