Flexera aims to remove barriers between ITAM and FinOps data

Flexera, an organization specialising in know-how spend and threat administration for hybrid IT, has introduced its Technology Intelligence Platform powered by Technopedia®, its next-generation knowledge and analytics platform for Flexera One. The Expertise Intelligence Platform is a ‘system of perception’ constructed to unravel the brand new challenges going through IT leaders who search to bridge the hole between ITAM and FinOps – together with cloud licence administration and GreenOps – and will likely be Flexera’s basis for added innovation in AI.

IT spending is presently estimated to achieve $5.26 trillion in 2024¹, bolstered by a rise in AI applied sciences. Nonetheless, managing know-how investments is extra difficult and disjointed, growing organisations’ considerations with wasted spending and potential safety dangers. A latest report means that lower than 50% of organisations have full visibility of their IT environments². This rising visibility hole is pushed by disparate shopping for centres, altering vendor pricing and licensing fashions, inconsistent and incomplete knowledge units, and elevated purchases from cloud marketplaces.

“Hybrid IT isn’t getting any simpler,” mentioned Jim Ryan, President and CEO at Flexera. “Organisations are struggling to handle spend and threat holistically throughout their hybrid IT surroundings as knowledge is siloed throughout disconnected groups, instruments and applied sciences. This creates a ‘visibility hole’ leading to wasted cash, hidden dangers, and missed alternatives in vendor negotiations. The convergence of FinOps and ITAM knowledge is crucial to comprehensively managing your know-how investments. In the present day’s announcement lays the muse for clever cloud and on-premises know-how spend administration, permitting our clients to barter with their know-how suppliers from place of energy and handle their full hybrid IT property.”

Unifying knowledge throughout hybrid IT environments The brand new Expertise Intelligence Platform is constructed on a unified, extensible knowledge mannequin for know-how property, an analytics engine and an information lakehouse. Flexera’s Expertise Intelligence Platform is powered by Technopedia, an expansive know-how catalog.

Clients with entry to the Expertise Intelligence Platform will be capable of add their very own knowledge, create customized reviews, and entry their knowledge by way of API. Flexera’s Expertise Intelligence Platform presently helps Flexera One IT Visibility, with improvements that domesticate extra ITAM, FinOps and SaaS administration knowledge, so addressing superior use circumstances like cloud licence administration and GreenOps.

Breaking down obstacles throughout ITAM and FinOps knowledge

Flexera One IT Visibility gives organisations with visibility into their hybrid IT surroundings and permits them to floor particulars on finish of life, finish of assist and software program vulnerabilities to minimise threat, duplicate software use – to deal with wasted spend, monitor carbon emissions and report on compliance or regulatory requirements, so higher assembly company sustainability targets.

The most recent Flexera One IT Visibility launch delivers:

A unified knowledge mannequin for know-how property: Acquire a complete and constant image of a know-how ecosystem, together with relationships between know-how property.

Analytics engine: Assist data-driven choices with scalable reporting and superior visualisation utilizing Microsoft Energy BI.

Extensibility: Ingest and rework owned knowledge with versatile GraphQL APIs with clear, enriched stock knowledge from different enterprise programs.

Knowledge pipeline to ServiceNow: Ship clear, normalised knowledge to ServiceNow CMDB or different IT ecosystem instruments rapidly with API integrations.

“Silos throughout applied sciences and departments create blockers not just for IT, however for total organisations,” mentioned Brian Shannon, Chief Expertise Officer at Flexera. “That is why Flexera is set to interrupt down the obstacles throughout knowledge, applied sciences and departments to offer a whole image of your IT surroundings. We carry collectively current knowledge sources with our in depth reference catalog, Technopedia, to counterpoint your knowledge and supply the small print that matter most to you. These insights are important to deal with use circumstances throughout ITAM, FinOps, SaaS administration and past.”

Present Flexera One IT Visibility clients achieve entry to the Expertise Intelligence Platform as a part of their current subscription.

For extra data on the Expertise Intelligence Platform, go to: https://www.flexera.com/products/flexera-one/technology-intelligence-platform.

Sources
¹ Gartner, Gartner Market Databook, 2Q24 Update; 28 June 2024
² Flexera, 2024 State of ITAM

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Tags: cloud, Digital Transformation