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As more and more companies increase their investment in IT through the acquisition of hardware and software, optimizing their budget and making the most of their infrastructure becomes more important than ever. Whether an organization’s assets are just a few portable devices or a whole data center, IT asset management can play an important role in helping them make the most of their investment.
In short, IT Asset Management (ITAM), is the process of tracking, managing and optimizing the use and value of an organization’s technology assets. This includes hardware, software systems, licenses, and other IT resources. Ultimately, ITAM comes down to making strategic decisions about IT assets.
This often means trying to reduce the Total Cost of Ownership (TCO) of said assets with a holistic approach to maximize the value of hardware throughout its lifecycle.
The lifecycle of IT assets is usually split into three different stages: 1) Acquisition, 2) Operation and 3) Renewal or Disposal.
The importance of IT Asset Management comes from the many ways in which it helps organizations, including:
For most organizations, an IT Asset Management process typically includes the following steps:
All of these steps help organizations maintain a comprehensive and accurate view of their technology assets, making it easier to manage and optimize them. Next, we’ll look at the smartest ways to plan, implement and control IT asset management processes.
ITAM best practices include the following:
As we have seen, a thorough and effective asset management plan involves several steps. So why should organizations invest the time and resources necessary to carry one out? The fact is that ITAM can have several benefits for organizations and can help them make better business decisions. Some of these benefits are the following:
As a category, ITAM can include everything from hardware, software, the cloud and other aspects of IT. The following are the main ITAM categories:
Hardware Asset Management.
Tracking and managing physical technology assets such as computers, printers, and servers.
Mobile Device Management.
Managing and securing mobile devices such as smartphones and laptops.
Network Asset Management.
Managing and maintaining network infrastructure such as routers, switches, and firewalls.
Data Center Asset Management.
Managing the technology assets in a data center, including servers, storage and networking equipment.
Software Asset Management.
Managing software assets including licenses, usage, and compliance.
Cloud Asset Management.
Managing and optimizing the use of cloud-based technology resources.
End-of-Life (EOL) Asset Management.
Safely disposing of technological assets that have reached the end of their useful life.
While IT asset management can deliver great benefits to organizations, it’s key to partner with a company that can deliver the highest level of excellence and optimization from the process. This means achieving a considerable reduction in total cost of ownership while at the same time improving the organization’s sustainability regarding its IT infrastructure.
As an expert provider of ITAM services, Evernex offers companies access to 24/7 global support, multi-vendor hardware expertise and 40years’ experience in optimizing IT assets to increase productivity and cut the total cost of ownership at every stage of their lifecycle.
Evernex’s business model is built on maximizing the use of existing products and materials through repair, reuse and recycling, with end-to-end IT asset lifecycle management. This makes it possible for organizations to incorporate sustainability into their processes and drive their sustainability strategy. Contact our team today for simplified IT asset management services.
What are IT assets?
IT assets are physical or digital resources that an organization uses to support its IT operations. These assets can include hardware components like servers, computers, networking equipment, and mobile devices, as well as software licenses, applications, data, and digital infrastructure.
What types of IT assets are there?
IT assets can be categorized into two main types: Hardware assets, these include physical components such as servers, laptops, desktops, routers, switches, and storage devices and Software assets. These encompass software licenses, applications, operating systems, and digital content like databases and media files.
Why is IT asset management important for businesses?
IT asset management is crucial for businesses for several reasons:
How does IT asset management contribute to cost reduction?
IT asset management reduces costs through the following:
What are the common challenges in implementing IT asset management?
Implementing IT asset management can be challenging since ensuring that asset information is accurate and up to date can be difficult, especially in large organizations.
Another common challenge comes from the fact that integrating asset management tools with existing IT systems can be complex.
What are some future trends in IT asset management?
The future of IT asset management is likely to include the following:
Sep 25 2019