The Very Real Benefits of IT Asset Management

The Very Real Benefits of IT Asset Management

Keeping track of your IT assets may not always be top of mind, but properly managing those assets can ultimately improve the bottom line for your organisation.

To operate at peak efficiency, IT departments need to focus on minimising waste and remaining in compliance as they manage the effective acquisition and life cycle management of their hardware, software, and mobile assets.

Understanding the full picture of a comprehensive and productive Integrated IT Asset Management Model (iITAM), as well as putting industry-best IT asset management (ITAM) practices in place, will better enable your organisation to achieve its specific ITAM goals.


The Increased Values and Benefits of IT Asset Management:

Financial – There are three key types of cost savings:

  • Cost recovery – Receive money or credit back for costs already incurred.
  • Cost reduction – Eliminate future obligations for costs currently being incurred and likely to continue to be incurred.
  • Cost avoidance – Eliminate future obligations (likely and/or possible) for costs not currently being incurred.

Legal/Regulatory/Contractual (varies by country and legislation) – use these to help ensure your organisations compliance:

  • Legal requirements around data collection and protection, disclosures of security breaches, and IT equipment disposal are specified by the applicable legislation in respective countries.
  • Regulatory requirements are those specified by a regulatory body or publicly traded company reporting regulations and are often relevant for ITAM because of their emphasis on good governance and compliance with all relevant laws and regulations
  • Contractual requirements are the most significant for ITAM in practical terms because they provide the main basis for software publisher audits. Outsourcing agreements and cloud service agreements can also create significant exposure if the responsibility for licensing and license compliance is not clearly defined.

Security and Risk – Critical security controls (CSCs) are a concise and prioritised set of cyber practices created to stop today’s most pervasive and dangerous cyberattacks. The purpose of information security management is to protect the information needed by the organisation to conduct its business.

ITSM optimisation – The ITIL framework, supported by good ITAM, provides value and benefits through the alignment of IT assets based on business needs as well as through the efficient and effective (quality) delivery of services.


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