E6: The Race to Cloud Control, Xensam’s Mention in Gartner Hype Cycles, and SAM Support for Change Management Initiatives
Cloud investments soar, but are companies successful in managing costs??
The rapid expansion of the global cloud infrastructure market continues. Recent investment announcements from Microsoft and AWS revealed plans to expand into multiple new countries, totaling more than $18 billion in 2024 alone.?
Businesses also see increased cloud costs, with spending expected to exceed $1 trillion in 2024. Forrester found that three in four companies exceeded their estimated cloud budgets in 2023, and many continue to struggle with maturing their cloud cost management. This is mainly due to the highly distributed nature of the cloud, which reaches into every corner of an organization.??
"Tying costs back to teams with tagging and tooling is just the start of a broad process, reaching deep into the many corners of an organization. Cloud may be the backbone of IT, but it’s a resource with applications and users across the enterprise."
The SAM department plays a crucial role in managing cloud infrastructure and costs, validating the business value of appropriate cloud spending. This is a vital part of managing IT budgets to ensure accurate forecasts, optimal cost savings, and maximum ROI.?
Join Alex Geuken for our upcoming webinar on October 8th. He will discuss how you can effectively manage the 2025 IT budget by tying IT investments to critical business KPIs.?
What you need to know about the EU AI Act now, and considerations for future impact??
The EU AI Act took effect nearly two months ago, and companies must assess whether their AI software complies with its provisions. On the blog, we discuss how the Act classifies AI systems, risk requirements, implementation timelines, and practical steps to prepare.??
“SAM managers will have a significant role in oversight of AI tools together with Security and Legal departments. You can't manage what you can't see, and the SAM department is the one who can provide visibility.”??
- Alex Geuken, Xensam?
AI and ML experts Jeffrey Rivero and Sonny Mir address concerns that the Act will hinder future AI innovation.??
“With careful consideration and transparency, these regulations can elevate AI systems to new heights, achieving a delicate balance between progress and accountability. Crucially, incorporating a research provision into the new EU AI Safety Act would provide a vital safeguard, allowing for the continued development of more sophisticated models and driving progress in AI research.”?
- Jeffrey Rivero , Founder of Check AI??
Mir believes that the Act is a vital turning point in the industry.??
“Transparency is incredibly important for ethical AI. The Act aims to demystify AI systems, making it easier for users to understand how these systems operate and form conclusions. The Act's focus on clear communication about how AI systems interact with users is a significant change. It's a chance to create AI systems that are ethical and resilient enough to withstand public examination.”? ?
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- Sonny M. , AI Product Manager at Xensam?
Xensam recognized in Gartner Hype Cycles for I&O Automation and ITSM 2024?
Xensam has been recognized by Gartner? in their 2024 Hype Cycle? for I&O Automation and 2024 Hype Cycle for ITSM. This speaks to Xensam’s innovative offering to data-driven enterprises, supporting digital transformation initiatives related to automation, efficiency, and maturing IT Service Management practices.???
“Automation is at the heart of our Product Roadmap. Our latest innovation is a low-code Integration Platform preconfigured to connect with 5,000 systems to automate data sharing. It helps populate ITSM where data is normally lacking. We are proud to see our platform's contribution recognized in the market, particularly in ITSM and I&O Automation. This aligns with our mission to extend the use of SAM data beyond the IT department, making it beneficial for the entire organization.” ? ?
- Oskar F?sker , CEO at Xensam?
How software data can support change management???
Software data can go a long way in justifying IT rationalizing decisions and change management efforts, and it saved this customer $100K.?
This Xensam customer saved $100K?using extensive application utilization data to facilitate agreement and buy-in around cost-saving exercises and license reallocation.??
“Change management is crucial for our organization, and we rely on metrics to support our decisions. Presenting metrics during discussions about software reallocation or licensing adjustments helps to facilitate agreements.”???
- Director of Digital Services Support, US Environmental Engineering and Consulting Company??
Until next time,
The Xensam Team?