IT asset management consulting is a demanded service for any business. Business process automation has become a part of our life. Thus, company leaders need to check the state of equipment and software. In the field of IT asset management services, the DataArt team is a professional.

What is IT Asset Management and Why is It Important

IT specialists can help you solve many business problems. The company’s experience includes working with all areas of business and any scale of projects. Including provides versatile software asset management services.

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IT Consulting Asset Management

IT asset management companies help clients manage business processes. They meet business needs and put in place automation in a variety of areas. There is an important process to manage available resources and make IT operations as efficient as possible.

Possessions management is a set of business practices to guide the life cycle and help make strategic decisions. ITAM is sometimes seen as a bridge between money and compliance on the one hand and innovation and improvement on the other.

The Importance of Service Implementation

Regardless of the size of the company, ITAM processes can check the entire possessions portfolio. The approach is effective for a small team or a large corporation.

What is Assets Management?

Assets are software, hardware, and any other physical units owned by a company. Most often, possessions are classified as capital expenditures.

Equipment can include computers, networks, servers, printers, peripherals, phones, and mobile devices. Depending on the type of business, there may be other types of physical possessions, such as cars, machine tools. It is everything that the company owns and provides to its employees or customers. Software assets can include licenses, different versions, and applications.

It is important not only to know about your possessions but also to manage them. You should calculate depreciation, check usage, control their distribution, and access rights. A few years ago, asset management companies did it on paper or in spreadsheets on a computer. Their use provoked errors. It does not provide high accuracy. It also was time-consuming to maintain and is generally outdated.

Advances in technology and the use of cloud computing enable modern IT asset management systems to track changes faster and more and manage existing assets. Such systems automate most of the process, allow the network to be automatically scanned for new assets, making management easier and more transparent.

Thanks to automation, the ITAM system itself will detect all the assets in use, compare them with the available licenses, detect active or inactive users, and, after analyzing the data, offer optimization options.

IT Administration

ITAM systems track important milestones in the married lifecycle of physical devices or software, including:

  • Collection of information – user request, approval, and buying.
  • Maintenance of financial information about the possessions. They are costs, licenses, upgrades, ROI, and downtime.
  • Reallocation and write-off.

A key rule of ITAM is the need to account for all possessions, both currently in use and inactive. If an asset is on the company’s balance sheet, it means that it spends funds on it, regardless of its state.