Improve Operational Efficiency with IT Asset Management

Improve Operational Efficiency with IT Asset Management

Capital Markets CIO Outlook | Monday, September 03, 2018

Managing IT assets provides an organization the means to achieve complete visibility into their IT infrastructure inventory by allowing them to get maximum value from the use of the assets, right-size IT inventory, and optimizing inventory purchase decisions and strategies. Addressing various critical tasks from fixing issues to setting up new user protocols and monitoring all technology solutions is complex and complicated, but with IT asset management, organizations can accurately and efficiently track their resources. ITAM services lead to better inventory tracking as they can correctly identify, track, and classify assets across vendors.

Keeping track of IT inventory and automatically updating it using asset management systems helps the organization to monitor hardware and software components of their network computers, and identify the harmful software or hardware installed. Efficient asset management of IT inventory provides increased accountability to ensure compliance with corporate security policies and desktop standard. ITAM system makes it easier to locate the potential risks and prevent them beforehand by allowing system administrators to quickly isolate vulnerabilities such as unauthorized/outdated software, games, and illegal/malicious downloads.

Manual, paper-intensive processes for managing IT asset inventory are highly prone to inaccuracies and inconsistencies, but this process becomes more simplified and quicker with the introduction of ITAM solutions and asset management integrations with systems and network monitoring tools. The automated ITAM considerably saves manual effort and time and results in reduced errors. This level of visibility into asset details helps organizations minimize related overhead expenses, and improve infrastructure efficiency and performance. Simplified, centralized and automated asset management is a necessity of every industry irrespective of the size to improve overall IT administration’s operational efficiency.

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