In a bid to foster flexible industrial innovation, AVEVA, a provider of industrial software has decided to transition its portfolio to a subscription-based business model.
With the transition, customers can trade in perpetual licenses for subscription access to AVEVA’s entire portfolio with benefits including lower upfront costs, faster ROI, improved scalability and greater business agility.
According to the company, the ultimate target is to transition 80 percent of customer licenses to a subscription business model by 2025.
Speaking about the transition, Saadi Kermani, Vice President of Cloud Platform and Digital Business at AVEVA, said: “Industrial organizations, taking a hybrid approach to their software architectures, are capitalizing on the increased data insights and functionality that cloud-based solutions provide – without giving up much-needed tools on-premises. A single subscription program that spans edge-to-cloud solutions and from engineering to operations can empower teams to connect and collaborate in new and agile ways.
He added: “As opposed to traditional perpetual software, where ownership creates incentives to use dated and potentially unsupported software over time, AVEVA Flex instead ensures you are always on your software’s latest, most capable version—and you always know what your software costs are.”
To accelerate access to modern solutions and meet dynamic business needs, customers can trade in their existing perpetual licenses for subscriptions spanning any mix of cloud, hybrid, and on-premises solutions across the design-operate-optimize industrial lifecycle.
The AVEVA Flex subscription program revolutionizes the way industrial software is purchased and consumed. It can help reduce upfront costs by as much as 65% while enabling flexibility and scalability to respond to changing business needs, industry standards and regulatory requirements.
New licenses for major engineering and operations solutions in AVEVA’s software portfolio are now subscription-only, and the company has set a target to transition 80 percent of customer licenses from perpetual to subscription by 2025.
European Energy uses AVEVA Unified Engineering in the cloud to enable a scalable, secure engineering workflow across their global footprint to empower their latest Power-to-X projects.
Power-to-X technology produces green e-methanol based on renewable wind, solar, and bio-waste energy sources. As projects ramp up around the world, a flexible software subscription model allows tighter control and alignment between technology investment and business requirements.