A new report has revealed that businesses in both the UK and US are spending millions every year on redundant and unused software. The study conducted by the company 1E, reports that in some sectors, up to 56% of purchased software is not utilised.

That’s a sizeable percentage, and a pretty unacceptable one at that. Maximising income and minimising outgoings…that’s business 101 surely? So how is this wastage occurring at such a large scale?

Software licensing policies could be a big part of the problem. Obviously renewing your previous deal with any software provider is the most hassle free option, but gives you little to no chance of reviewing whether or not it’s meeting your expectations. The bigger the company, the longer this review period will take, but for the sake of (in some cases) millions of pounds going to waste, it’s well worth the investment.

Sumir Karayi, CEO of 1E, has commented on why these results should serve as a wake up call to any business guilty of a lethargic attitude towards unused software.

“This data clearly demonstrates that organisations are not optimising their software assets in a way that reduces cost.”

SOURCE: business2community.com