Why IT Spends Too Much Time on Asset Management

Why IT Spends Too Much Time on Asset Management

Why IT Spends Too Much Time on Asset Management

Having an integrated, reconciled IT asset management data set can provide an invaluable foundation for a wide variety of strategic IT initiatives.

Extensive Gathering

Three-quarters of survey respondents said their organization spends, on average, more than 20 hours collecting asset inventory data for every major software or compliance audit, and one of five spends more than 50 hours doing so.

Disparate Parts

On average, respondents said their organization spends 30 hours per software license/compliance audit attempting to reconcile multiple asset inventory sources, and 10 hours a week trying to reconcile different ITAM-related sources.

Where Asset-Related Data Resides

Asset management databases: 60%, Excel spreadsheets: 51%, Inventory or discovery tools: 45%

Print Option

22% of survey respondents said their company still keeps asset-related data on paper.

Major Oversight, Part I

66% said their organization manages at least eight discovery tools, and 36% use more than 20.

Major Oversight, Part II

Nearly half need to keep track of more than 20 software vendors, and 11% track more than 100 vendors.

Top Priorities for Integrating ITAM With Broader, Strategic Service Initiatives

Keeping up with security as new vulnerabilities are discovered: 25%, Reducing cost of IT infrastructure: 22%, Managing, tracking and optimizing IT hardware and software assets throughout their full lifecycles: 22%, Improving SLAs for IT services and increasing speed of app delivery to business customers: 20%

Well Weathered

97% said their company uses the cloud in some form, with 61% opting for a private cloud model and 42% using the public cloud.

Augmented Accountability

45% said the cloud is changing how their organization measures IT costs and asset investments, and 39% said it has increased real-time awareness of tech assets.

Elevated Efficiency

34% said the cloud takes away some ITAM requirements to make it simpler, and 33% said it increases automation levels.