Why IT Spends Too Much Time on Asset Management

 
 
By Dennis McCafferty  |  Posted 08-05-2015 Email
 
 
 
 
 
 
 
 
 
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    Why IT Spends Too Much Time on Asset Management
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    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.
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    Extensive Gathering
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    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.
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    Disparate Parts
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    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.
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    Where Asset-Related Data Resides
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    Where Asset-Related Data Resides

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

    22% of survey respondents said their company still keeps asset-related data on paper.
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    Major Oversight, Part I
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    Major Oversight, Part I

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

    Nearly half need to keep track of more than 20 software vendors, and 11% track more than 100 vendors.
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    Top Priorities for Integrating ITAM With Broader, Strategic Service Initiatives
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    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%
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    Well Weathered
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    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.
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    Augmented Accountability
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    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.
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    Elevated Efficiency
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    Elevated Efficiency

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

When it's time for a software or compliance audit, tech departments are spending too much time collecting asset inventory data and reconciling asset inventory sources, according to a recent survey from Enterprise Management Associates and BDNA. Focusing on the topic of IT asset management (ITAM), the resulting report, "Best Practices for Optimizing IT with ITAM Big Data," reveals that organizations spend many hours every week simply attempting to reconcile various ITAM-related sources. It doesn't help that asset-related data isn't maintained in a cohesive, enterprise-wide manner, with much of it spread out within databases, spreadsheets, discovery tools and even old-fashioned paper files. "ITAM is usually a siloed mix of manual updates and piecemeal automation," according to the report. "The resulting inefficiencies and inaccuracies threaten not only the effectiveness, but even the very integrity of IT. On the other hand, having an integrated, reconciled ITAM data set can provide an invaluable foundation for a wide variety of strategic IT initiatives. These may range from security and compliance to software audits, data center consolidation and optimizing the IT infrastructure for virtualization--initiatives that are rich both in their diversity and in their impact on IT effectiveness." The report also lends insights about cloud usage and benefits among organizations. More than 150 business and IT professionals took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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