Meet Loggle

Loggle is an IT Asset Management Tool that allows IT teams to monitor and manage the lifecycle and costs of all software, hardware and integration assets used within an enterprise.

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Meet Loggle

Loggle is an IT Asset Management Tool that allows IT teams to monitor and manage the lifecycle and costs of all software, hardware and integration assets used within an enterprise.

Learn More
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What is Application Portfolio Management (APM)?

What is Application Portfolio Management (APM)?

Before delving into Application Portfolio Management, let’s define what an application portfolio is. To meet their diverse business goals, companies use various kinds of software applications. An application portfolio refers to this collection of applications.

As companies grow, IT departments and independent employees buy applications to solve momentary problems without giving much thought to its implications. Applications pile up; some are impossible to integrate, some are redundant, and others are duplicates of previous purchases. This can quickly get out of control.

To avoid this situation, a systematic and structured process to oversee the application portfolio must be in place. This ensures that application data is up to date and prevents unnecessary purchases. Anything that doesn’t add value to your business is filtered out, so your resources aren’t wasted on ineffective services. Your productivity increases.

This portfolio spring cleaning can seem tedious and intimidating, especially for companies with hundreds (or thousands) of applications in their IT landscapes. So companies never get around to do it. In the long run, this leads to slow work processes and loss in revenue.

This is where Application Portfolio Management comes in to save the day!

Benefits of Application Portfolio Management

Similar to investment portfolio management, application portfolio management is the craft of organizing and evaluating assets. For APM, these assets are software applications and services. APM helps optimize IT resources for delivering maximum business value.

Aligning your company’s application portfolio with its business goals will help you:

  • Innovate services and products
  • Reduce risks and IT complexity
  • Prioritize resource allocation
  • Rationalize application costs
  • Increase operational efficiencies

Other than providing a comprehensive inventory, APM promotes a framework for regular assessment and optimization of software applications. Loggle, our APM tool, helps create specialized metrics that provide insight on the value of each application. Executives can get detailed reports on the business value and technical quality of their IT products.

With APM, the lifecycle stage of an application is decided through clear and actionable information: application age, maintenance cost, frequency of use, and operability with other applications. Educated guesses become a thing of the past. (See our post on applying Gartner’s TIME model to your applications.)

APM provides CTOs, CIOs, enterprise architects, and IT managers with a complete set of information on the business applications. With the right tool, APM addresses the following needs of relevant stakeholders:

  • The organization’s history of applications
  • Identification of application service lifecycles
  • Organization of applications according to business domain
  • Regular assessment of the functional and technical value of applications

In Conclusion

Loggle will help you evaluate your IT infrastructure and ensure that your application portfolio serves your company’s strategic goals. Begin optimizing your application pile, establish transparency between stakeholders, and add value to your business with Loggle. For more features and benefits, feel free to explore our other knowledgebase posts.

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loggle Meet Loggle

Loggle is an IT Asset Management Tool that allows IT teams to monitor and manage the lifecycle and costs of all software, hardware and integration assets used within an enterprise.

Learn More
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