IT Asset Management is a critical process for organizations to track and manage technology assets efficiently. It ensures regulatory compliance, optimizes costs, and minimizes risks associated with technology assets.
To learn more, read our
IT Asset Management Buyer's Guide (Updated: November 2024).
The top 5 IT Asset Management solutions are ServiceNow, BMC Helix Discovery, BMC Remedy, Qualys VMDR and ServiceNow Discovery, as ranked by PeerSpot users in October 2024. ServiceNow received the highest rating of 8.5 among the leaders, is the most popular solution in terms of searches by peers, and holds the largest mind share of 25.0%.
IT Asset Management solutions provide comprehensive tools and systems to monitor, manage, and report on an organization’s IT assets. These solutions support managing both hardware and software assets from acquisition to disposal. Businesses can gain transparency around asset utilization, control cost, and enforce organizational policies.
What are the key features of IT Asset Management solutions?
- Asset Tracking: Detailed tracking of hardware and software assets through their lifecycle.
- Compliance Management: Ensures adherence to software licenses and regulatory requirements.
- Cost Management: Monitors and controls IT expenditures to optimize overall spending.
- Reporting and Analytics: Generates reports and provides analytics for informed decision-making.
- Integration Capabilities: Integrates with other IT systems like CMDB, helpdesk, and procurement.
What benefits and ROI should organizations expect from IT Asset Management?
- Cost Savings: Reduces unnecessary IT spending and helps in budget planning.
- Risk Mitigation: Lowers risks related to compliance, security, and asset loss.
- Improved Efficiency: Streamlines asset management processes and boosts productivity.
- Enhanced Compliance: Achieves better adherence to licensing agreements and regulations.
- Better Decision-Making: Provides insights through analytics and detailed reporting.
Organizations in sectors such as healthcare, finance, and manufacturing have successfully implemented IT Asset Management to improve asset visibility, manage costs, and achieve compliance. Custom integrations and tailored reporting are often utilized to meet specific industry requirements.
IT Asset Management is helpful for organizations to ensure optimized usage, compliance, and cost efficiency of their IT assets.
