IT Asset Management for CIOs

With the development of information technologies, following the technology is very important not only for individuals but also for companies. Companies have to adapt to developing and changing technologies. Companies that do not invest in the right technologies at such a high level of competition run the risk of being left out of this race. For this reason, companies have to attach great importance to information technologies and invest in them.

What is a CIO?

Chief Information Officer, whose short name is CIO, is the top manager responsible for information technologies and computer systems in businesses. CIOs should have a good command of information technologies and be at a level to follow and implement every development closely. She/he is responsible for determining a business strategy in accordance with current information technologies.

In addition, CIOs must ensure that their business has an optimized and efficient technology infrastructure and develop strategies for it. CIOs are responsible for saving on technology expenses and making the most efficient use of the IT budget.

Challenges Faced by CIOs

With the change in technology, management has also become difficult. It should not be forgotten that a technology that cannot be managed and controlled will never be efficient. When we examined the companies that failed in the digital transformation process, we witnessed many examples of this. For this reason, businesses must progress by adopting the most suitable technologies for their business goals and needs.

Most Common Challenges Faced by CIOs

• Have a low technology budget
• Unsuitable IT infrastructure
• Unmanaged data piles
• Management of IT structure
• IT Automation
• IT Asset Management

What is IT Asset Management (ITAM)?

IT Asset Management (IT Inventory Management) is a methodology that covers the monitoring and management of software, hardware, systems and integrations owned by a business. CIO, IT asset manager and IT manager are responsible for the implementation of IT asset management in companies.

ITAM is not a one-time process. It begins with the creation of an inventory of IT assets owned by the business. IT asset manager adds to the inventory whatever IT assets it has and adds the information about the assets to this inventory. In the next process, the IT asset management professional periodically updates and evaluates this inventory. The main purpose of ITAM is to enable businesses to get rid of unnecessary and unused technology assets in the IT environment and to save on IT expenditures.

IT Asset Management Tips for CIOs

With the acceleration of technology, the need for IT asset management has also increased. IT governance has become more difficult as businesses increase their IT investments. In the past, businesses managed spreadsheets and IT inventories. But as the number of inventories increased, it became inefficient to implement ITAM with spreadsheets.

Loggle offers an all-in-one IT Asset Management software. With Loggle, businesses can manage their application, hardware and integration inventories throughout their lifecycles from a single platform and analyze their costs.