As IT landscapes grow more complex, organizations are increasingly struggling to manage their technology assets more efficiently, leading to wasted spending and increased risk. Here’s a quick look at the problem by the numbers:
- This year, worldwide IT spending is projected to hit an eye-watering $5.26 trillion, including growth fueled by AI investments.
- Less than 50% of IT organizations have complete visibility into IT assets and their impact on business outcomes – a visibility gap that’s only growing larger.
- 75% of IT leaders recognize the risk of their IT visibility gaps, but many businesses are stuck with fragmented and incomplete views of their IT environments, making it harder to prevent wasted spend or address security risks.
Data from the 2024 Flexera IT Priorities Report
As we think about these challenges, how can you make strategic decisions without reliable details on your technology? Ask yourself:
- What do I have?
- Where am I at risk?
- What is the impact?
- What value am I getting?
Our new next-generation data and analytics platform addresses the heart of these problems by unifying ITAM and FinOps data in one place. With a single source of truth, you can make informed decisions about your technology investments. Meet our Technology Intelligence Platform.
Introducing the unified data platform bridging the gap between ITAM and FinOps
Today marks the release of the Technology Intelligence Platform powered by Technopedia®, providing comprehensive visibility of the hybrid IT environment. The platform delivers cultivated information on IT assets as the source of insight across the business to narrow the visibility gap among technology teams and improve spend and risk management across the IT environment. Our focus is to provide customers with reliable intelligence with data as the foundational layer. Clean asset data fuels a variety of high-impact use cases across ITAM, FinOps, SaaS management and beyond.
The Technology Intelligence Platform also aims to break down the barriers that separate ITAM and FinOps data. Whether it’s managing software running in the cloud, or meeting sustainability requirements, the platform equips you with the tools you need to reduce waste and optimize performance. By integrating disparate data sets, you can retrieve reliable insights on technology investments with enriched, normalized IT asset data. You can surface details on end of life, end of support, software vulnerabilities, duplicate application usage, and more to address key blind spots.
Flexera One IT Visibility on the Technology Intelligence Platform is built on an advanced data model that consolidates information from across hybrid IT environments. Here’s what sets it apart:
A unified data model for technology assets
The platform offers a comprehensive and consistent picture of your entire technology estate, including relationships between assets. Leverage reliable reference and enrichment data to simplify cross-functional collaboration with ITAM and FinOps stakeholders, such as Security, IT Operations, Procurement and others.
An advanced analytics engine
Uncover blind spots across vendors, unmanaged applications and drive initiatives at every level of the business. Support your data-driven decisions with performant, scalable reporting and advanced visualization using Microsoft Power BI.
Enhanced extensibility
Operational inefficiency, as well as higher and hidden security and compliance risks, can be addressed directly, reducing manual efforts and additional costs. Build next-level data access into your organizational processes, tackling strategic projects by querying and reporting on only the data you need to drive results.
Transformative data
Ingest and transform your own data or use flexible APIs to feed clean, enriched inventory data to other business systems. Reduce the need for additional business intelligence tools, while sharing data between the tools that drive the engine of your organization.
An accelerated data pipeline to CMDB and ServiceNow
Process and send your data to your configuration management database (CMDB) or other IT ecosystem tools like ServiceNow faster than ever before with new API integrations. Improve workflow processes with higher business value and faster outcomes.
Empower your organization with valuable data
Not only is reliable technology intelligence key to IT asset management and successful FinOps practices, but it’s also critical to other domains such as cybersecurity, sustainability, AI, procurement, and more. Flexera’s Technology Intelligence Platform is powered by Technopedia®, the world’s most expansive enriched technology catalog with coverage across more than 5 million products and over 4,500 updates made daily. As a result, you can provide valuable, insightful data to other business units across your organization to streamline and empower their own workflows.
The Technology Intelligence Platform with Technopedia also allows you to:
- Eliminate manual cross-referencing to speed decision making with market leading coverage.
- Deliver market insights about lifecycle, categorization, security vulnerabilities, power consumption, open-source components and more.
- Plan for upgrades, modernization and extended support costs.
- Identify where you can simplify the environment by rationalizing duplicative software and hardware.
The Technology Intelligence Platform is available to current Flexera One IT Visibility customers as a part of their existing subscription. Customers will be able to add their own data, create custom reports, access their data via API, and more. As businesses continue to navigate the complexities of hybrid IT environments, the Technology Intelligence Platform stands out as a foundational solution for unlocking the full potential of technology investments – turning data into actionable insights that drive efficiency, reduce risk, and ultimately boost the bottom line. Learn more about the Technology Intelligence Platform.
