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Reinvesting Cost Optimization Savings to Fuel Digital transformation

NAFEMS Americas and Digital Engineering (DE) teamed up (once again) to present CAASE, the (now Virtual) Conference on Advancing Analysis & Simulation in Engineering, on June 16-18, 2020!

CAASE20 brought together the leading visionaries, developers, and practitioners of CAE-related technologies in an open forum, unlike any other, to share experiences, discuss relevant trends, discover common themes, and explore future issues, including:
-What is the future for engineering analysis and simulation?
-Where will it lead us in the next decade?
-How can designers and engineers realize its full potential?
What are the business, technological, and human enablers that will take past successful developments to new levels in the next ten years?



Resource Abstract

Growth is the top priority for the majority of respondents in Gartner’s 2019 CEO and Senior Business Executive Survey. For CIOs, more than 60% named saving money to fund digital transformation as their main motivation for optimizing IT.



The general reaction to saving money consists of a reduction or elimination of expenses but this lends itself to a short-term solution. What is actually needed is a shift to a long-term approach through a focus on cost optimization which will improve core efficiencies and create savings that can be reinvested into new innovations to fuel growth.



Having access to the latest and most innovative CAD, CAE or CAM applications is essential but has becoming increasingly more expensive. Therefore, it is equally important to be equipped with the right tools to maximize the utilization of these applications. Without the proper data analytics to measure the effectiveness and return on the software investments, organizations too often waste money by purchasing and renewing more licensing contracts than are actively being used.  Understanding true active usage empowers companies to optimize their software licensing which in turn frees up monies for other assets or to fund new projects and services.  



Usage data reports provides not only a more structured and automated approach to cost management, but it reduces the complexity and time spent on managing critical engineering applications while also gaining more control and visibility. Optimizing IT costs can be a challenge but by being equipped with an efficient IT asset management system, business leaders and IT managers can analyze trends, mitigate risks, and forecast future costs more accurately.  These cost savings can then be reinvested into other assets that align with the company’s goals to foster innovation and growth.



In this presentation, we will showcase customer case studies of utilizing advanced data analytics to increase productivity and generate significant savings. Join us and learn more on how you can achieve cost optimization of your 3D applications.

Document Details

ReferenceC_Jun_20_Americas_31
AuthorCole. L
LanguageEnglish
TypePresentation
Date 16th June 2020
OrganisationOpen iT
RegionAmericas

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