IT Asset Management
What is IT Asset Management? (Irish Computer Society)
“IT Asset Management is the business practice joining financial, contractual and inventory functions to support life cycle management for IT environments” – Wikipedia
IT Asset Management (ITAM) is a type of business management that is directly tied to an enterprise’s IT infrastructure. With ITAM, professionals review an organization’s total business hardware and software inventory and make comprehensive decisions about sourcing, use, and all other aspects related to an asset lifecycle.
Often, ITAM or IT asset management is a sub-part of ITSM or IT service management process but it is also something that needs to be considered by IT Architects and IT Project Managers when considering costs and licensing throughout project phases. You can find out more about IT Service management on the itSMF Ireland site here.
ITAM can be thought of as the accounting side of IT. When you are spending potentially millions on hardware and software you need to ensure you are using those assets in a way that maximizes your return and that you are also not breaking any rules on usage that might cost you later.
ITAM refers to the set of business practices combining contractual, inventory, and financial functions. ‘IT assets’ generally refers to all hardware and software licenses present in the business environment (not including BYOD). ITAM helps in keeping a track record of all asset purchases or rented by the organization.
The benefits of effectively managing IT assets in business might include:
- Visibility and control of IT Assets
- Improve utilization of assets
- Compliance with audit requirements
- Compliance with regulatory requirements
- Reduce software and hardware costs
- Support organisational change and projects
- Align IT Asset Costs to Services
- Provide configuration data for Service Management
- ITAM provides the IT Service Team with a data source for the assets they are working with so the business can make accurate decisions about serving users and driving change.
- ITAM provides Finance with a bird’s eye view of an organisations IT balance sheet and compliance commitments.
courses are provided by the Irish Computing Society, click here for more info
Its vital for companies today to have an IT Asset Management system in place, having a good asset management system protects your business against unwanted vendor software and hardware audits. We’ve all seen major software audits conducted by the vendors by companies like; IBM, Microsoft, or Oracle costing businesses €1000’s sometimes millions of euros in unpaid software/hardware bills due. Many of these applications may have been unknown within the business due to licensing terms. To alleviate the risk of costly unknowns we recommend looking at ITAM solutions like Snow Software Inventory. Snow License Manager is an excellent solution, firstly identifying what systems you have throughout your domain then applying the licensing framework from a cloud-based software asset repository.
IMC Technologies recently completed introducing Snow Asset Management Software to an Irish bank with success, the project initiated by request from the European Central Bank – ECB, for this particular bank to have and maintain an IT Asset management system. We selected Snow Software to provide the solution as we found that it was the most comprehensive asset management system solution on the market.
Snow Software, IT Asset Management Implementation
We completed the deployment of the Snow IT Asset Management system to over 5000 devices including desktops, laptops, handheld devices – mobile phones, network hardware, physical servers, virtual servers (VMware) Linux, and Unix systems. We managed this project from initiation to completion including business handover, hiring support team, and post operations and recommendations.
IMC Technologies highly recommend Snow Software as an IT Asset Management solution, as does Gartner, Snow is certainly a leader in IT Asset Management. If you have an IT Asset Management Project that you need to be managed then feel free to contact us to deliver your project.
Are you looking for an IT Project Manager to manage Snow Software Implementation?
We can project manage the implementation of Snow Software into your organizations, we’ve already successfully done this with other major companies in Europe.
What we offer…
IMC Technologies Ltd offers companies project management expertise in implementing IT Asset Management solutions throughout your IT estate. We have enterprise experience in deploying IT asset management in large in SME.