Flexera, a leading provider of knowledge management and risk mitigation solutions for hybrid IT environments, has unveiled its latest innovation: powered by Flexera One, the next-generation data and analytics platform for streamlined spend and risk management. The Expertise Intelligence Platform serves as a sophisticated system of perception, designed to address the novel challenges confronting IT leaders seeking to bridge the gap between IT asset management (ITAM) and financial operations (FinOps), including cloud license administration and GreenOps, ultimately serving as the foundation for Flexera’s future AI-driven innovation.
Global IT spending is projected to reach $5.26 trillion by 2024.1Bolstered by a surge in advancements within artificial intelligence applied sciences. Despite being a significant challenge, managing knowledge investments is often fragmented and inefficient, leading to concerns about waste and potential security risks for growing organizations. According to a recent report, fewer than half of all organizations currently possess comprehensive visibility into their IT infrastructure.2. Disparate buying centers drive the growth of this visibility gap, fueled by shifting vendor pricing and licensing strategies, incomplete and inconsistent data units, and increased procurement from cloud marketplaces.
“Hybrid IT’s complexity isn’t abating,” said Jim Ryan, President and CEO of Flexera, his words a testament to the ongoing challenges faced by organizations as they navigate this increasingly intricate landscape. Organizations face significant challenges in managing risk and spend comprehensively across their hybrid IT environments, where isolated data resides within disparate teams, tools, and technologies. This phenomenon of inadequate transparency yields a ‘visibility hole’, resulting in unnecessary expenditures, concealed risks, and overlooked opportunities during vendor contract discussions. The convergence of FinOps and IT Asset Management (ITAM) information is critical to thoroughly overseeing the effective utilisation of your intellectual property assets. “At today’s announcement marks the foundation for sophisticated cloud and on-premise technology spend management, empowering our clients to negotiate with their technology suppliers from a position of strength and manage their entire hybrid IT estate.”
Integrating disparate data across hybrid IT ecosystems, the cutting-edge Expertise Intelligence Platform leverages a harmonized, scalable data framework for technology assets, coupled with an advanced analytics core and a data lakehouse architecture. The Flexera Expertise Intelligence Platform leverages Technopedia’s vast and comprehensive knowledge repository.
Individuals with access to the Expertise Intelligence Platform will be empowered to upload their own data, craft tailored analyses, and integrate their insights via API. Flexera’s Expertise Intelligence Platform currently empowers organizations to harness the full potential of their IT asset management (ITAM), financial operations (FinOps), and software-as-a-service (SaaS) data, unlocking valuable insights for advanced use cases such as cloud license administration and GreenOps initiatives.
Bridging gaps in IT asset management and financial operations
Flexera One IT Visibility empowers organizations with real-time insights into their hybrid IT infrastructure, allowing them to proactively identify end-of-life, end-of-support, and software vulnerability risks, thereby minimizing exposure and optimizing resource utilization. By streamlining duplicate application usage, detecting waste, monitoring carbon emissions, and generating compliance reports, businesses can better align with their sustainability goals and improve overall operational efficiency.
The latest Flexera One IT Visibility release brings together.
Obtain a comprehensive and consistent picture of a knowledge ecosystem, encompassing interdependencies between various knowledge assets.
Streamline decision-making with Microsoft Power BI by harnessing scalable reporting capabilities and advanced visualization tools, empowering data-driven insights that drive business growth.
Integrate and remodel proprietary data with flexible GraphQL APIs, leveraging rich, refined stock insights from diverse corporate systems.
Rapidly transmit standardized data to the ServiceNow Configuration Management Database (CMDB) or various IT ecosystem tools via streamlined API connections.
“Silos across applied sciences and departments are not just hindrances to IT, but also major obstacles to entire organizations,” stated Brian Shannon, Chief Technology Officer at Flexera. This is the key factor driving Flexera’s decision to break down silos across data, technologies, and departments, providing a comprehensive view of your IT environment. By leveraging our comprehensive reference library, Technopedia, we provide a robust collection of current information sources to juxtapose your knowledge and deliver the key takeaways that matter most to you. These critical insights are essential for navigating complex use cases across multiple domains, including IT asset management, financial operations, and software as a service administration.
Our existing clients with Flexera One IT Visibility subscriptions gain seamless access to the Expertise Intelligence Platform.
To access additional information about the Expertise Intelligence Platform, please visit:
1 Gartner, 28 June 2024
2 Flexera,
