Which devices are in which life cycle status and how is this controlled in a traceable manner? Which licenses are currently in use? How do I get an overview of the status of IT assets in different locations? These and other questions often remain unanswered without good asset or IT asset lifecycle management and centralized and automated data collection.
IT asset lifecycle management is the controlled process that uses a software solution to manage, monitor and optimize all IT hardware and software components (assets). This happens throughout the entire lifecycle, from acquisition to decommissioning of the assets. The aim is to maximize the efficiency, profitability and security of the assets.
A software solution for IT asset lifecycle management is used to record, manage and control all steps of an IT asset – be it computers, servers, network devices, software licenses or other technology components – from acquisition through deployment to decommissioning.
Assets are, for example, IT components that are used in an organization. These include hardware, software, licenses, and information required to support IT operations. In order to make optimum use of resources and the associated assets, it is important to proactively manage and control the life cycle of these assets.
ITAM software is an indispensable tool for organizations to effectively manage their IT assets, control costs and ensure compliance. It offers a wide range of functions that cover the entire lifecycle of IT resources. The key functionalities of ITAM software that help to optimize IT operations are explained below.
Optimize your Asset Lifecycle Management with SmartITSM. Learn more now!
Asset lifecycle management is the process by which companies ensure that their assets function smoothly throughout their entire service life. The lifecycle phases are recommended by ITIL, but can be adapted to the individual needs of the company. These phases include the planning, procurement, provision, maintenance and decommissioning of assets.
The first stage, planning, involves identifying the need for an asset. This process continues over the entire useful life until it is fully depreciated. Assets are disposed of, recycled or replaced as soon as they have reached the end of their useful life. Then the process starts all over again.
In each of these phases, a structured approach and proactive management is crucial to protect investments, optimize the availability and performance of IT assets and meet legal and regulatory requirements.
Good asset management is one of the central functions of IT. And quite rightly so – because you benefit from the well thought-out introduction of tailored lifecycle management for several reasons:
By automating data collection and centralizing asset management, companies can speed up processes, avoid bad investments and make their IT infrastructure more efficient. This not only saves a considerable amount of time, but also reduces costs. This is also the case with one of our customers, Edeka Südwest:
Since the introduction of the CMDB, around 80 percent of the software and hardware elements used in the approximately 1,300 stores can be automatically identified and centrally inventoried at the touch of a button. Cash registers, scales, mobile data entry devices (MDEs), displays, reverse vending machines – in short, all devices that can be accessed via IPs are mapped consistently in REALTECH’s CMDB.
“The picture of our system landscape will be completed quickly. Especially in IT support, we will have the answers and solutions to questions and urgent concerns much more quickly.” This is reported by Thomas Fesenmeier, Head of Service Management EH & GH in the IT division of Edeka Südwest, who opted for comprehensive automated and centralized data collection with SmartCMDB.
Automation and centralized recording ensure that processes are accelerated – for example, a good lifecycle management system such as that from REALTECH automatically takes care of the other necessary workflows in the event of device loss after a simple loss report. This leads to a reduction in the workload and increased productivity of the employees.
Good IT asset management shows you detailed knowledge about your IT systems centrally – however complex your existing infrastructure may be. This gives you a clear picture of your existing IT landscape and associated equipment at all times, including all contract and financial information.
Asset Management clearly and holistically maps the entire lifecycle of your IT elements at a glance and shows you directly when your hardware’s warranty expires or which software is actually available to you.
You will also receive specific recommendations for action, e.g. when it comes to deciding whether to buy a new appliance or repair it. By the way, good asset management can also be used to clearly manage the lifecycle of knowledge articles or valuable corporate knowledge.
Well designed asset lifecycle management puts an end to dusty PCs in storage rooms and unnecessary licenses for unused software: thanks to a comprehensive overview of all IT investment data, it provides a direct view of savings potential and optimization opportunities.
Providing daily updated depreciation and deployment data, it can also support replacement investment planning. This information not only supports the IT organization, but also provides purchasing, asset accounting, and IT controlling with important information for efficient procurement management and precise budgeting and cost allocation.
With the use of good lifecycle management, you can demonstrably increase your profitability and noticeably improve the efficiency of your IT. Finally, the comprehensive mapping of the entire life cycle of your IT elements provides you with detailed information on planning and inventory, which you can use in a targeted manner to increase the quality of your business processes in specific areas.
Does your company also have unused IT hardware and software that is no longer needed and is tying up resources unnoticed? A lack of transparency and an incomplete view of the IT inventory can lead to unused IT resources being overlooked and existing investments not being used optimally.
REALTECH’s asset management solution provides a precise overview of your assets, increases their performance and reduces expenses. Our software enables you to record, maintain, update and, if necessary, decommission all assets in your company.
