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ITAM And Your Business Practices

By Jason Verdangen


Having IT systems along with a technology infrastructure that works well is one of the goals of every business owner. Lots of time, money and resources are usually allocated to achieving this objective. To maximize the benefits of this major investment, all of the components of the IT infrastructure have to be tracked efficiently. Only with an IT asset management system will the full benefits of the investment be realized through cost savings and increased business efficiency.

For those that are new to the idea, IT asset management is essentially the policy and processes by which physical technology components such as hardware, software and any related business items are managed and tracked. Their whereabouts, ownership, usage, configuration as well as maintenance and disposal may then be easily be managed and reported on.

This IT Asset Management function will also outline all the policies that you'll need as well as guidelines and standards that are vital in recording, tracking and reporting of the assets that the business owns. With this in mind, the processes and procedures involved here can also be seen as part of the cost containment strategies that will see the company maximize profits and improve on service efficiency.

Minimizing expenditure is a major priority for businesses, especially during the current financial crunch, and it's important to note just how an IT asset management program can lead to significant savings for the entire business operation. For instance, the software and hardware asset planning tools will be able to deliver realistic and measurable cost reduction strategies including improving employee productivity, reducing the chance of system attack by malware, and viruses and also improving the efficiency of IT audits.

The number of savings that result from IT asset management will obviously vary from one business to another according to the number of staff and IT assets used. Numerous studies have proved that small and mid sized businesses can save over $270,000 simply by incorporating basic information technology asset management practices. If you've got set goals as part of the program your work as a manager or business owner will be that much easier to track.

The main role IT asset management will bring to your business is not improved income but rather, it will lead to elimination of unnecessary expenses and overhead costs which ultimately means savings for the company. The IT asset management system will also improve the information technology efficiency of the business, and as a result the setting of management expectations will be much easier as a result.

Since the IT asset management process is continuous, you do not have to worry about changing trends that occur in the market because your business will be aligned to adjust for change as it happens. The system has to be upgraded and reviewed often to determine how efficient and effective it is in meeting the growing demand of the business and the current market conditions.

In conclusion, please be aware that to be successful in using an IT Asset Management application you will need to establish a base line from which the system can be operated. That is, a database platform on which it's easy to monitor and track IT inventories accurately. By way of example, it should be possible to locate exactly where a PC is, know who is using it, and determine the version of installed programs and other components such as printers and scanners.




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