This IDC Perspective outlines common compliance pitfalls, preaudit preparations, and best practices for software asset management to mitigate audit risks and help ensure licensing compliance. Software audits conducted by vendors are on the rise, potentially leading to large fines and other risks for organizations that are noncompliant with their licensing agreements."The AI-enabled digital world is upon us bringing more reliance on software to run the business. With this additional reliance, organizations must recognize they may face more technology audits than in year's past," said Mickey North Rizza, group vice president, Enterprise Software. "Organizations must prepare themselves by investing in their own best practices and toolsets."