Top of the list is understanding what your agreement allows. If finance signs software agreements — or reviews them before they’re signed, pay close attention to the recommendations below.
Review these recommendations with your IT leader to find out if your organization’s staying on top of the license management task:

1. Know what the agreement allows – The first step is to be absolutely certain what the license agreement says you can and can’t do, and what constitutes the use of a license.
2. Have a way to keep track – It’s important to use available software tools to track licenses. Some companies also find having one person appointed to track license use is the best way to keep a close watch.
3. Communicate – Open lines of communication between the person who tracks license use, systems administrators and whoever signs vendor agreements is critical for making sure enough licenses are purchased so problems can be avoided.

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What’s most surprising is what among those digital assets consumers prize most.

Although consumers put billions of dollars toward digital music purchases, 73.6% value photos or documents over music, according to a new digital media survey from cloud storage and access provider MiMedia.

Other key findings include:

• Nearly half (44.8%) of adults polled said their photos, videos, music and documents are worth over $1,000.
• Only 16.5% of those polled assigned a monetary value of less than $100 to their digital media collections.
• When asked which digital files are most important, 40.7% said photos, followed by 32.9% for documents, 18.5% for music and 7.9% for videos, and
• A majority (72.4%) has experienced data loss due to lost/stolen computers (6.5%) or crashed/malfunctioning devices (65.9%).

Those who have suffered data loss assigned a higher monetary value to digital media.

“We wanted to find out the extent to which people truly value their media now that photo albums, music collections, videos and important documents live largely in digital format,” said Erik Zamkoff, Founder and CEO, MiMedia. “The irreplaceable nature of pictures gives them a higher assigned value.”

As for the poll, 1,200 adults were surveyed between June 16 and July 8, 2011.

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