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IT Asset Management , Application Portfolio Management
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IT assets are any software, hardware, or valuable information stored within information technology systems. It is important for businesses to track the use of such IT assets in a fast and efficient way. This allows businesses to adapt and overcome potential challenges. Let’s discuss the effects of asset management on enterprises’ IT strategies. Hardware Asset Management
 
What is IT Asset Management (ITAM)?
IT asset management is a “frame work for strategically managing the financial, physical, licensing and contractual aspects of IT assets through their life cycle” (Gartner). In simple terms, IT asset management aims to track valuable assets throughout their lifecycle to maximize business value. IT assets are numerous and demand regular updates and replacements. Primary assets that directly affect business operations require an even more thorough approach.
 
The management of IT assets involves analyzing how these are deployed, maintained, upgraded, and disposed. It’s equally important to analyze the effects of each lifecycle stages of an asset. Keeping all this information complete and up to date is crucial. This way, businesses can analyze ITAM data for making informed decisions regarding budgeting and risk management.
 
3 Reasons to Devise an IT Asset Management Strategy
You’ll Know What You Have
We know for a fact that thousands of businesses retain their data on spreadsheets. And sadly, they have thousands of assets. Maintaining inventories the old-fashioned way is no longer an option. If you don’t know what you own, how will you leverage it to your advantage? And how will you keep IT spending in check? Application Portfolio Management
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Loggle provides a unified source of information for all your software assets. Regardless of how many offices or departments your enterprise has, Loggle is a singular source of truth that you can rely on.
 
You Will Cut Out Needless Complexity
Assuming that you’re a spreadsheet god and swear by its practicality, here’s another question:
 
Can a spreadsheet show you how your assets are connected? What about the criticality of these connections?
 
Loggle’s integration inventory module displays the information flow within your IT landscape. Select any application to see its connections, the direction of information, and the criticality of its integrations. A highly visual integration map will show the effect each asset has on your system.
 
You’ll Minimize Technology Risk
The unknown is scary. This also applies to technology! Shadow applications, outdated applications, or user accounts that belong to former employees… all these are often overlooked in the absence of an up-to-date inventory.
 
IT asset management enables regular internal audits for identifying and eliminating potential risks.
 
You’ll Maximize Operational Productivity
ITAM’s contribution to operational efficiency is no joke. By understanding the value and relationship of your assets, you’ll gain a holistic view of your IT landscape and craft better business strategies. You’ll easily identify ineffective elements that need upgrades or replacements. In fewer words, you’ll optimize your application portfolio.
 
What is IT Asset Management Software?
Using a IT Asset Management Software to manage your IT assets seems to be more functional than relying on nothing. IT asset management will increase productivity, enable fast and accurate decision-making and prevent any risks.
 
Loggle can make your ITAM strategy easier. Check out our features page to see how Loggle can fix problems that you didn’t even know you had! (Or maybe you did.) If you need personalized information, feel free to drop your contact details and we will get back to you!
 
https://loggle.io/
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