IT asset management is often an underappreciated corporate IT capability, with far more focus placed on IT service management (ITSM) activities and the need to keep the business running rather than ensuring that the right level of IT assets is being employed in doing so. Consequently, companies might be wasting a significant amount of their IT budgets every year due to the lack of insight into IT asset expenditure and use.
Good examples of such wastage include new expenditure on hardware and software when existing assets could be reused, paying third-party support and maintenance for IT assets that aren’t being used (including over-procured software), and continuing to host, maintain, and support assets that should have been decommissioned long ago.
However, savvy IT organizations know how to use IT asset management tools, techniques, and data to maximize the return on investment (ROI) on IT assets, decrease the overall cost of ownership, and reduce risks such as software license compliance.
InvGate Assets and formalized IT asset management capabilities will help your organization on a number of fronts
IT asset management best practices and InvGate Assets provides you with greater insight into how these investments are being employed and if they could be better utilized. In particular, when underutilized IT assets can be redeployed to prevent the need for additional expenditure on new asset procurement – with software a great example, harvesting licenses for reuse elsewhere.
IT asset management best practice provides the service desk and other IT operations people with asset-related information as and when it’s need. Thus, supporting many of the ITIL best practices such as incident, problem, change, demand, and capacity management with the data to speed up decisions and improve the quality of outcomes.
IT asset management and InvGate Assets support the whole of the asset lifecycle – from IT asset procurement, utilization, maintenance, through to decommissioning/disposal. The use of key internal controls at various stages of the asset lifecycle ensures that business operations and reputation, and employee and customer health and data are not unnecessarily put at risk. For example, preventing the continued use of outdated hardware or unpatched software.
IT asset management best practice and InvGate Assets will help organizations to ensure that corporate and industry governance requirements related to IT assets and their use are adhered to. In particular, software asset management best practice and capabilities will provide detailed information on software use and license compliance.