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It Asset Management Benefits

  • Date Submitted: 12/10/2010 04:16 AM
  • Flesch-Kincaid Score: 18.6 
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IT Asset Management - what it is, why you need it, and how you can benefit
Executive Summary
Modern IT is becoming increasingly complex to manage.  As business spend more and more money on their IT infrastructures, their environments are becoming increasingly complex and multi-faceted as they deploy a vast array of wide and local area networks, as well as business systems such as enterprise resource planning (ERP) modules, customer relationship management (CRM) solutions, and office productivity tools. 
Additionally, as businesses operate on a broader, more global scale, IT assets are often purchased, implemented, and maintained by different departments in remote locations. This, combined with the fact that IT infrastructures are constantly changing and evolving, makes it very difficult to keep track of IT assets and their current status.
Many companies are challenged to effectively keep track of the various workstations, servers, laptops, and other components they own and maintain.  They can’t accurately monitor their purchases, analyze system usage, effectively adhere to licensing terms and other agreements, and measure total cost of ownership, related expenses, depreciation, and return on investment.   As a result, they often suffer from performance problems, lack of enterprise integration, poor asset utilization, and inflated costs. 
This paper highlights IT asset management (ITAM) solutions, powerful, feature-rich applications that can help organizations gain greater control over the various components within their IT architectures.  ITAM systems have been so effective at helping companies derive greater value from their IT investments that the demand for such solutions continues to accelerate at a rapid pace.  In fact, according to industry research firm IDC, the IT asset management software market has experienced double-digit growth in recent years, with annual growth rates averaging in the mid–single digits for the foreseeable future.
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