How to Effectively Manage Your IT Inventory

Leading features for IT Asset Management include visibility, transparency, clarity, and predictiveness. Every IT manager who takes these topics into account successfully carries out the necessary work for his organization. We know that asset management is also one of the IT managers' jobs. But the history of this responsibility does not go back too long. This area of responsibility, which was not carried out as a separate heading before, needs separate care and study today.

In this article, we will share the importance of IT asset management and tips for successful IT asset management.

Why is IT Asset Management Important?

IT assets form the backbone of the organizational chart for the uninterrupted and easier progress of work in all business processes. For this reason, efficient management of IT assets will directly affect the efficiency of business processes. In addition, a well-designed IT asset management significantly reduces the costs of the institution. Thanks to IT asset management, which includes the follow-up of the software licenses of the institution, it provides a significant reduction in security risks as well as legal risks.

In order for business processes to continue efficiently and uninterruptedly, IT asset management must be done meticulously.

Why do Businesses Need IT Asset Management?

One of the most problematic issues in IT Asset Management is license tracking. It is the responsibility of the IT unit to make business processes more efficient or to follow up the license after integrating certain software into their institutions because they need it. However, since this situation turns into a difficult process to follow in large-scale institutions, there may be a danger of being taken from the same license again.

Another problem is about avoiding legal risks by keeping track of updates and maintenance dates. While the program or application may be closed for use in expired licenses, use may continue in some cases, but it will be at legal risk. It can even create security vulnerabilities. There can be a serious risk, especially in following cybersecurity licenses.

Another problem is related to cost. The continuation of the licenses of the applications that were purchased on time but cannot be used anymore because they have lost their function also causes cost loss for the institution at this point.

Relationship between IT Asset Management and IT Infrastructure

How Should the IT Asset Management Process Be?

For effective IT asset management, you must have a sustainable program that can lead you to success. The sample program that we will share with you below will be useful at this point:

• Create a list of your apps.
• Identify who(s) the app is associated with.
• Clarify what your application lifecycle is like.
• Check the usage rates of your apps.
• Determine the business value contribution, quality, and cost of applications.
• Report and analyze.
• Determine your roadmap.
• To gain continuity, continue these studies in a loop.

What is Required for Effective IT Asset Management?

The list of essentials for IT asset management will actually vary depending on how you decide to manage it. If you want to do your IT asset management manually with your team, it means you have to spend a lot of your IT professionals' time on this management process. In this case, you will need to increase the employment in your IT department so that other business processes can continue uninterrupted.

Another option with emerging technologies is to improve the management of your IT assets through an application. Monitoring your IT assets through the application not only prevents violations that are open to human error but also enables a more secure follow-up, while providing significant savings to the organization in terms of costs, it also prevents cost losses.

IT Asset Management Software

IT Asset Management Software is a business tool that enables businesses to manage their IT assets systematically, quickly, and with more accurate data from a single platform. Loggle, an IT Asset Management software, offers a platform where businesses can manage software applications, hardware, integrations, and licensing processes.

Advantages of an On-Premise IT Asset Management Software

With Loggle, you can minimize the risk of errors in IT Asset Management processes and get transparent insights about your IT inventories.

If you want to do your IT asset management effectively, contact us to meet Loggle.