How the Software Makes IT Asset Management More Systematic?

The contemporary business moves very fast. New solutions, new technologies join the market every day and the companies try to optimize their resources considering their business processes and corporate strategies. That’s why Business Strategy Alignment is an action the companies take before a new term begins. In order to keep a business efficient and intact, systematic management is a necessity. Like everything else in life, a systematic approach towards evaluation and planning would reproduce more fruitful outcomes.

The IT departments play a very important role in the functionality of a business. Today, there is a big trend of digital transformation and the IT is the core of such a transformation. So, a company should closely keep track of the IT landscape in order to facilitate big business decisions taken after a Business Strategy Alignment. To learn about Business Strategy Alignment more, check this article out: What is Business Strategy Alignment?

That being the case, the IT departments should be more systematic with the management of the IT landscape. A solution to this problem is IT Asset Management. Specifically, using IT Asset Management software that deals with all the business processes related to IT assets. Let’s get into the details.

What is IT Asset Management?

IT Asset Management, also known as ITAM in short, is a methodical approach to strategically manage all the belongings of the IT department in a business. Physical, financial, and digital information about the assets is stored along with their licenses, warranties, regular checks, etc. The process continues all through their life cycles. So, one of the most important goals of IT Asset Management is to monitor all the IT components to maximize the overall efficiency of a business. There are many different types of IT assets and ITAM tries to deal with them all as an umbrella term. It’s a robust comprehensive process.

A very systematic approach, ITAM involves analyses of how the IT belongings are procured, deployed/set up, maintained, upgraded/downgraded, and retired. Each of these steps defines the life cycle of an asset. Storing the data about the assets is crucial as they provide datasets that facilitate decision-making before important periods. Through ITAM, businesses understand their IT landscape and simplify their governance.

All in all, IT Asset Management is a systematic approach towards managing the IT structure.

How is IT Asset Management Systematic?

There are several advantages of employing IT Asset Management for the systematic management of a company.

1. Procuring, deploying, maintenance, and malfunction dates are recorded
2. All the necessary documents about the asset are stored in a single source
3. Necessary contact information is kept with the assets in case of emergency
4. Everything related to IT is compiled
5. The info is always updated
6. A comprehensive command center is created
7. A continuous process of keeping track
8. Personnel have been attained to assets as responsible/keeper
9. Unnecessary complexity will be cut off
10. Technology risk will be minimized
11. Operational productivity will be maximized

For a comprehensive guide, feel free to visit the IT Asset Management article.

What is IT Asset Management Software?

There are software that answer to IT Asset Management needs specifically. They store all the data in a single platform and function as a command center for IT departments. They provide a platform to conduct the comprehensive process of IT Asset Management. Using ITAM software, the IT departments are able to reach data in real-time and can analyze visualized reports prepared for their assets’ performance.

Loggle, for example, is a solution that facilitates IT Asset Management. It has 4 modules centering around IT Asset Management and answering many of the needs of the process.

• Application Portfolio Management Software
• Hardware Asset Management Software
• Integration Inventory Management Software
• IT Cost Management Software