The Struggle is Real for Asset Management Leaders

CIO Applications| Thursday, June 20, 2019

Summary: Asset management in an organization is as tedious as it sounds. The IT department had always been tasked with the job but recent developments in cloud space has pushed the process towards a public cloud domain where automated services perform all the examinations and checking.

FREMONT, CA: Today, IT should not only focus on its own assets. Given the propagation of devices coming into companies from employees, partners, and customers, it is essential to observe all endpoint devices. At the same time, one of the fastest ways to irate the people handling is to bother them with too many alerts. It is time to regulate how assets are managed within an organization.

Tracking of Asset Location within Public Cloud Vendors:

A hybrid or a traditional system needs to leverage asset tracking methods as they cannot secure all end-to-end processes within the domain. Organizations need to track usage and flow of data in the cloud repeatedly. Often, authoritative figures suggest that it is the duty of the IT leaders who should be managing the vendors of the cloud space to the granular level. This surveillance and monitoring system depends on the organization’s stature, scope, and the power they can bring with their effective workforce.

ITAM for Financial Stewardship:

Information Technology Asset Management (ITAM) remains a crucial element in financial stewardship. Organizations are gradually moving from the data center domain to that of a cloud. Public cloud services, if left unmonitored, can result in a costly mistake. Employees prefer to track location, usage, and performance, as they want to have information about the entire environment so that they can make informed decisions.

Automated Onboarding and Offboarding of IT Assets:

Automation can help make sure that the whole business process is properly managed and completed. Manual labors around ITAM remain vulnerable to functionality and operational issues. Although most automated procedures need occasional reviews by humans. That is why an audit log is a must for automated processes as it can be subjected to review. A traceable history keeps track of every adjustment performed in the asset management services, which will soon be taken over by Blockchain.

It seems that ITAM continues to be pertinent as a category. However, approaches to asset management have changed from the pre-cloud era. Nowadays, ITAM is less about calculating assets and more about security, safety, and compliance.