SLM calls for an organization to collect accurate data at all times. Entitlement, Inventory, and Consumption (better known as EIC) data is what gives way to strong SLM. Let’s begin with a quick refresher on what EIC is. Entitlement is visibility into what you have, inventory is visibility into what is installed, and consumption is visibility into what is used on a regular basis.
The reason EIC data is so important is that it will uphold the core of your SLM strategy. You must have management over each component of EIC in order to optimize. If you do not know of all the software you own, where it is installed, and who is using what, you could run into a number of issues.
For starters, when you don’t have complete visibility, you may be spending money on licenses that might not even be in use. After all, SLM is all about using and renewing only what your organization needs. If you don’t know the core data, you’re not off to the right start.
Additionally, your organization could be at compliance risk. While it is never ideal for an organization to spend more time and resources than need be, it is even less ideal to be non-compliant. Make sure that you know what is happening at each stage to ensure that you’re staying compliant. In order to closely monitor your organization’s EIC data, consider a platform for software and cloud portfolio management like PyraCloud. While it will be of most use in regard to entitlement – as it gives you a clear view into what you own – PyraCloud can be integrated with a Software Asset Management tool to round out your visibility.