Token Costs and Agentic Systems Mistakes

Misconceptions about Token Costs We see this a lot: people think token costs are only relevant to large businesses, but we'd recommend considering them for any size of organisation. Token costs refer to the cost of creating, managing, and verifying digital tokens, which can add up quickly if not managed properly. Common Mistakes A common mistake people make is not realising that token costs can be a significant portion of their overall IT budget. We've seen cases where token costs have exceeded £1,000 per year for a small business, which can be a substantial burden. Another mistake is not implementing proper token management. This can lead to token sprawl, where tokens are created and not properly tracked or managed, leading to security risks and unnecessary costs. Fixes Implement a token management system to track and manage your digital tokens. This can be as simple as a spreadsheet or as complex as a dedicated token management platform. Regularly review your token costs to ensure you're not overspending. We'd recommend reviewing your token costs at least quarterly to identify areas for cost savings. Consider a token-less system if possible. Some systems, such as those using biometric authentication, can eliminate the need for tokens altogether. Agentic Systems We've also seen mistakes made when transitioning to agentic systems. One common mistake is not properly training staff on how to use the new system, leading to frustration and decreased productivity. Another mistake