Investing in IT Asset Management is Crucial. Here's Why.

Investing in IT Asset Management is Crucial. Here's Why.

Capital Markets CIO Outlook | Monday, August 13, 2018

A critical issue that most businesses have is the inability to monitor and manage their computing assets. The deployment of large numbers of office network devices to locked closets and the increase in complexity of those networks are significant challenges. Even small businesses today have many vulnerable computing devices and software packages while a majority of them have no means to track most organizations have an asset management problem, here is why solving it should be a priority.

Big risks due to unsupported systems:  The issue of incompatible network gear is an even worse problem compared to PCs and servers presenting a major issue. Often, network vendors drop support for a router, or access point model or firewall fast, in favor of a new one, leaving the old models unsupported. With no firmware updates, the network device is bound to invite security challenges. This can be reduced with asset management as they give visibility to those issues.

Untracked software:  Both, the financial and legal consequences of vendors still auditing and finding their licensing practices to be wanting, are significant. There are more impactful issues with software—the existence of unsupported software with known vulnerabilities. Unless you know the versions that are running on each system, organizations cannot secure their software.

Equipment lifecycle: At any instance, one of your critical applications could be down, and you may find out that the system on which it ran, was old and died overnight. According to studies, older PCS are expensive to repair or replace when compare to newer systems. Therefore, equipment life cycle needs to be pre-planned and should not end up suddenly turning into a crisis.

NMAP, Dell KACE, and ManageEngine AssetExplorer are a few products that can help if you want to begin tackling the asset problems you are to face eventually.

See Also: CIO Review Magazine | Parallels

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