Blog IT asset management: the business cost of not using ITAM

If you don’t optimize your IT asset portfolio today, will your organization still exist tomorrow?

 

An estimated four in five organizations have suffered a recent data security breach, with more than 70 percent of businesses affected closing within two years. In the UK alone, 93 percent of businesses experiencing data loss beyond 10 days file for bankruptcy within one year, and half do so immediately, according to Imprima.
 

A disconnected IT strategy, one in which IT Asset Management (ITAM) fails to sync with IT Service Management (ITSM), can be a substantial contributor to data vulnerability. 

 

 

On the other hand, a unified ITAM-ITSM strategy can fortify data protection capabilities while strengthening the overall IT-business relationship. 

 
From software audit preparation, to tighter network security and greater operational efficiencies, it’s hard to deny the business benefits of a fully developed ITAM strategy. The emerging Internet of Things and the rapidly growing BYOD trend also drive the need for structured and strategic asset management.
 
Indeed, IT Asset Management is the industry's No. 1 challenge for 2016, according to recent Axios research. 
 
But, to realize these benefits within a changing IT environment, a dedicated investment must be made in ITAM. Otherwise, organizations are likely to see a repeat of 2015, in which ITAM was named as a key IT priority that failed to progress by the year’s end.

 

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