10 ways organizations can cut costs with IT asset management

10 ways organizations can cut costs with IT asset management

- in ITSM and ITIL
627
0

IT Asset Mgmt

Even though IT budgets are on the rebound, most organizations are still under pressure to further reduce operational costs. You may have already taken steps to consolidate and rationalize your IT assets, but chances are there are still savings to be found by improving the way you manage those assets. According to Forrester Research, an enterprise’s IT estate can often account for 50 percent of the total enterprise asset base and sometimes as much as 80 percent of capital expenditure [The Forrester Wave: IT Asset Life-Cycle Management, Q2 2009].

Despite that big chunk of change spent on IT assets, most organizations are not doing all they can to streamline those costs. In fact, Gartner estimates that as much as 20 percent of software licensing and hardware maintenance charges are incurred for assets that are no longer in use [Gartner, “Don’t Overlook Opportunities to Save Costs on ITAM,” March 2008].  While most organizations have some IT asset management (ITAM) procedures and tools in place, there is typically more that can be done to improve asset management and lower costs. IT departments need to adopt integrated automation solutions that not only give them a total picture of their asset and service lifecycles, but also reduce the cost and complexity of managing those lifecycles.

Follow ITIL and More Facebook Page

With the right tools, IT can easily take control of resource-intensive ITAM challenges — such as discovering, tracking, auditing and managing — to turn a situation of chaos into one of true value for the company. However, not all ITAM tools are created equal. For organizations to cut costs and improve asset management practices, IT organizations should keep these 10 things in mind.

Read On

About the author

Abhinav Kaiser is an author and a management consultant. He has authored Become ITIL Foundation Certified in 7 Days and Workshop in a Box: Communication for IT Professionals. He works as a consulting manager for a top consulting firm. He advises businesses, organizations and enterprises in the areas of DevOps, IT service management and agile project management frameworks. Social Media : Facebook | LinkedIn | Twitter | Google Plus

Leave a Reply

Your email address will not be published. Required fields are marked *



You may also like

Now You Can Send Articles to Kindle on iPhone

Good news! If you are a Kindle user,