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Sick of spending money on last minute technology issues?

IT Asset Management (ITAM) is the systematic approach of managing an organization's IT assets from procurement to disposal, ensuring their efficient use, mitigating risks, and optimizing their value. Hardware, software, and networks are examples of IT assets that fall under ITAM's purview. By implementing ITAM, organizations can identify, comprehend, and manage their IT assets to maximize their usage, minimize costs, and reduce risks.


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Here are seven reasons why IT Asset Management should be a top priority.



#1 - Improved performance


ITAM helps organizations improve their overall performance by ensuring their IT assets are optimized and working efficiently. By tracking the lifecycle of IT assets, organizations can identify assets that are no longer useful and replace them with newer, more effective solutions. Additionally, ITAM can help identify and resolve software conflicts, improve system reliability, and reduce downtime.



#2 - Increased security


ITAM helps improve an organization's security by ensuring that all IT assets are properly tracked and managed. By maintaining an accurate inventory of IT assets, organizations can identify potential security risks and vulnerabilities. It can help them take proactive measures to address these issues before they become more severe security threats.


#3 - Reduced costs


ITAM helps organizations reduce their IT costs by optimizing their IT asset usage and avoiding unnecessary expenditures. By tracking the lifecycle of IT assets, organizations can identify assets that are underutilized or no longer needed and dispose of them properly. It can help reduce maintenance and support costs and eliminate the need for additional software licenses and hardware.


#4 - Asset visibility


ITAM provides organizations with better visibility into their IT assets, enabling them to track and manage them more effectively. This visibility is essential because it allows organizations to know what they have, where it is, and how it’s being used. By understanding what assets they have and how they’re being used, organizations can make better decisions about their IT investments and ensure that their assets are being used to their full potential.


#5 - Improved budgeting


ITAM provides organizations with better visibility into their IT assets, enabling them to track and manage them more effectively. This visibility is essential because it allows organizations to know what they have, where it is, and how it’s being used. By understanding what assets they have and how they’re being used, organizations can make better decisions about their IT investments and ensure that their assets are being used to their full potential.


#6 - Automation


ITAM helps automate many of the manual processes involved in asset management. For example, ITAM software can automatically discover and inventory IT assets, track asset ownership and location changes, and generate reports on asset usage and performance. Automation not only saves time and reduces the risk of errors but also enables organizations to make more informed decisions about their IT assets by providing real-time data.


#7 - Analytics


Collecting, analyzing, and interpreting data is essential to gain insights and make informed decisions. With asset management in place, organizations can collect data on their IT assets, such as inventory, license information, and usage data. This data can then be analyzed to identify trends, patterns, and potential issues, such as over or underutilized assets, license compliance issues, and security risks.



Engage SMG to be your print solution provider


In reality, no business owner says to themselves: "I need to invest in an IT asset management solution." They just know they have a specific problem, and don’t know how to solve it. That’s where SMG comes in.


Reach out to our sales team and discover our approach: (563) 445-6402 | contact@smgtech.biz

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