Innovations and new emerging needs require businesses to look for solutions. If not monitored properly, an overwhelming number of procurements conducted result in more complex enterprise architecture and bloated inventories, in time. So, keeping track of the software applications, hardware, licenses and everything related to the IT structure of a company is crucial. A fluent operation can only be realized if the IT landscape of a company is result-oriented and carefully planned, coordinated, and monitored.
As companies have the tendency to prefer SaaS (Software as a Service) today thanks to Digital Transformation, keeping track of completely digital procurement processes is both hard and easy, depending on the situation. It’s hard because it’s quite common to simply buy a new SaaS solution to save the day. Shadow IT, it’s generally called. Yet, it’s also easy as the paper trail is way little digitally. Considering this bilateral need, there should be a comprehensive methodology that deals with the procurements in order not to cause complexity in the IT landscape, putting business operations at risk. A bulky inventory and a complex enterprise architecture could seriously harm a business. Feel free to learn about 6 Consequences of Not Having IT Inventory Management.
Asset tracking is a periodic monitoring process to determine what assets a business owns. Every business wants to use their budgets in the most efficient way to achieve their goals. Among the biggest cost items of a business are the assets they own. The costs of these assets are not limited to the purchase. Each asset creates additional costs for the company. Maintenance costs, license renewal fees, consulting services and more are costs incurred after purchase. Asset tracking type differs from company to company. While some companies keep track of the assets in their production facilities, some companies keep track of the IT components.
IT asset management is the whole of business processes carried out so that businesses can monitor and manage their IT assets. ITAM increases visibility by making the IT environment of enterprises transparent and thus simplifies the enterprise architecture. IT Asset Management provides answers to the following questions:
So, IT Asset Management should be adapted to today’s digital environment. While it was understandable to use pen and pencil or spreadsheets for tracking assets back in the day, the buying process is completely digital today, requiring new alternatives that stemmed from innovations. This calls for a modernized IT Asset Management approach.
As businesses require different solutions for various needs, it’s only natural that every department in a company act with different agendas. Of course, the IT department should set up standards for procuring but this is not always the case as Shadow IT is a problem that should not be neglected.
There are several reasons why companies cannot keep up with their growing inventories:
But if there are problems, there certainly are solutions.
Modern and comprehensive IT Asset Management software like Loggle provides different modules that answer to various needs of efficient IT Asset Management and digital asset tracking:
Cloud cost optimization, also known as cloud computing cost optimization, is a method of identifying and evaluating optimal choices of services.
Automation is essential for automating IT strategies. This is a simple process and provides huge business benefits.
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