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R “Ray” Wang (pronounced WAHNG) is the Principal Analyst, Founder, and Chairman of Silicon Valley based Constellation Research, Inc. He’s the author of the popular business strategy and technology blog “A Software Insider’s Point of View”. Wang has held executive roles in product, marketing, strategy, and consulting at institutions such as Forrester Research, Oracle, PeopleSoft, Deloitte, Ernst & Young, and Johns Hopkins Hospital. His best selling book, Disrupting Digital Business, published by Harvard Business Review Press provides insights on why 52% of the Fortune 500 have been merged, acquired, gone bankrupt, or fallen off the list since 2000. Wang is a prominent dynamic keynote speaker, research analyst, and industry commentator working with clients to transform their business models using exponential technologies. He’s spoken around the world at almost every tech related conference including keynotes for tens of thousands of people and intimate executive settings such as Davos. Ray’s clients include a majority of the Fortune 500 and Global 200. Ray is well quoted in media outlets such as the Wall Street Journal, FoxBusiness, CNBC, Bloomberg, CNN, CGTN, Tech Crunch, Business Week, and Fortune. He has thrice won the prestigious Institute of Industry Analyst Relations (IIAR) Analyst of the Year Award and has repeatedly been in the #1 slot in the AR Power 100 list for over 10 years. Ray resides in Silicon Valley when not traveling 500,000 miles a year in the air.

One response to “Tuesday’s Tip: Dealing With Pesky Software Licensing Audits”

  1. Amelia@ IT Management

    This is where the practicality of 3rd party IT management software / tools come in handy. Not complying to vendor software auditing is both painful and costly. Remember one incident back in 2008? It involved Dynamic Systems Inc. (the user) and Autodesk Inc. (the vendor).

    The former company was fined approximately $100,000 by the latter because the software auditing system found out that Dynamic Systems is running unlicensed Autocad-based programs. And it was again penalized for $10,000 for its illegal use of Microsoft Exchange.

    Dynamic Systems is not alone. Others include Take Bickel Underwood Corp (fined with $73,300) and Payless ShoeSource ($124,000).

    My point is, 3rd party IT management software / tools are not only process-efficient, it’s also practical. It can help you run your business more effectively without the hassle and bustle of IT compliance.