Discussion: What does Brexit mean for technology assets?

Blog Post created by julie.neumann

on Oct 22, 2019

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Another vote, another stalemate. There is still no definitive conclusion on Brexit or exact guidance on how it will impact technology licenses. And it is clear the uncertainty and an inability to prepare has already had an impact - while businesses are losing contracts or moving operations out of the UK to avoid the limbo, very few workers have heard anything from the IT departments, or indeed anyone else in the organization.

But asset managers and CIOs can lay the groundwork now to help them deal with whatever conclusion is eventually reached. Read the latest post from Victoria Barber, our resident Technology Guardian and former Gartner analyst, for her thoughts and recommendations on how to prepare for this unprecedented challenge.

What does Brexit mean for technology assets?

How is Brexit impacting you and your business? What have you done to navigate this situation from a licensing perspective? Please share your thoughts and questions in the comments below.

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adam-alphagen Oct 23, 2019 4:20 AM

Hi Julie

It's an interesting article, but unfortunately only portrays one side of the problem, ie. how does brexit affect EEA assets based in the UK. I'd be interested to hear views on how you think it will affect UK based companies too that supply services or employ people based in the EEA.

Many thanks

Adam

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Victoria.Barber2 @ adam-alphagen on Oct 24, 2019 4:04 PM

Hi Adam,

While I understand your concerns about services and employment, this isn't within my area of expertise. My focus (given my background and Snow's business) is very much on technology assets, and how companies with operations within the EEA (whether the UK or mainland Europe) can prepare for any potential impact on how they need to manage those.

The UK's Department for International Trade has a lot of resources on how to 'Get Ready for Brexit' which I'm sure you've seen promoted all over social media, TV etc. I understand that the briefings have been useful, although like the article we've posted, they are limited to preparing for possible outcomes, as we don't yet know what deal we will end up with and there for still have a lot of uncertainty. I've also seen recommendations that you contact the relevant organisations in the countries that you employ people in and supply services to as they may also have guidelines. In addition there is a Brexit helpline for UK-based organisations which you can call on 0300-3301331 with any specific queries.

If you are a Gartner seatholder (or someone in your organisation is) then you may have access to a number of pieces of research written about more general IT Brexit preparation that consider this to be a risk management exercise, and make suggestions as to how to mitigate the risk of an unpredictable situation.

Unfortunately, we're all in a position of having to prepare for the unknown, so the best bet is to have as much information as possible in order to be able to respond effectively when decisions are made and the new rules become clearer. But remember, even if we end up with no deal and very short timescales, this is a process, not a single event and it will take time to get everything in place.

Best of luck with your preparation!

Victoria

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adam-alphagen Oct 23, 2019 4:20 AM
Hi Julie

It's an interesting article, but unfortunately only portrays one side of the problem, ie. how does brexit affect EEA assets based in the UK. I'd be interested to hear views on how you think it will affect UK based companies too that supply services or employ people based in the EEA.

Many thanks

Adam
1 person found this helpful
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- Victoria.Barber2 @ adam-alphagen on Oct 24, 2019 4:04 PM
  Hi Adam,
  
  While I understand your concerns about services and employment, this isn't within my area of expertise. My focus (given my background and Snow's business) is very much on technology assets, and how companies with operations within the EEA (whether the UK or mainland Europe) can prepare for any potential impact on how they need to manage those.
  
  The UK's Department for International Trade has a lot of resources on how to 'Get Ready for Brexit' which I'm sure you've seen promoted all over social media, TV etc. I understand that the briefings have been useful, although like the article we've posted, they are limited to preparing for possible outcomes, as we don't yet know what deal we will end up with and there for still have a lot of uncertainty. I've also seen recommendations that you contact the relevant organisations in the countries that you employ people in and supply services to as they may also have guidelines. In addition there is a Brexit helpline for UK-based organisations which you can call on 0300-3301331 with any specific queries.
  
  If you are a Gartner seatholder (or someone in your organisation is) then you may have access to a number of pieces of research written about more general IT Brexit preparation that consider this to be a risk management exercise, and make suggestions as to how to mitigate the risk of an unpredictable situation.
  
  Unfortunately, we're all in a position of having to prepare for the unknown, so the best bet is to have as much information as possible in order to be able to respond effectively when decisions are made and the new rules become clearer. But remember, even if we end up with no deal and very short timescales, this is a process, not a single event and it will take time to get everything in place.
  
  Best of luck with your preparation!
  
  Victoria
  2 people found this helpful
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Discussion: What does Brexit mean for technology assets?

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