With the advent of new technology the number of devices and the software’s installed in it, have manifold by leaps and bounds. There is a dire need of an IT Asset Management software by every organization, which is further validated by Gartner. It is estimated that on an average 30% of companies are in a chaotic state of not knowing different assets that they own, their location, and who is using them. Several large companies have hundreds and thousands of assets spread across geographically distributed locations. Keeping up-to-date information of both IT Hardware and Software is not only time consuming, but frustrating and costly as well.
Lack of a proper Asset Management, leads to limited asset visibility, painful compliance audits and long fulfillment cycle resulting in unnecessary delays and heavy losses. As modern day organizations solely rely on their digital infrastructure for most of their IT operations & services, which majorly run on various IT assets; managing an asset poses a major challenge from a management, cost, and risk perspective. With wasted or unmanaged IT resources or inventory comes limited visibility, painful compliance audits, unaccountability, and long fulfillment time or IT service delays for enterprises not having an IT Asset Management capability.
Choosing the right IT Asset Management (ITAM) Software
Hence a right ITAM software can not only save billions, but also lets you focus on tasks which are important. Today, let’s evaluate parameters to be kept in mind before selecting a right IT Asset Management (ITAM) Software from a plethora of options available in the market.
- Feature Rich
- En-to-end life cycle management
- High Scalability
- Price Effective
- After Sales Support
1. Ease-of Use
Always prefer a software that is easy to configure and use for different sets of people from various departments. User-friendly GUI is one of the key factors in making the tool successful and acceptable across the organization. As getting used to the software is not only time consuming but is also costly. Hence it is advisable to try the software before it is actually procured.
A must have feature is the mobile app, where you can retrieve and update information on-the-go. Mobile app eliminates the need to carry laptop on-site and offers you the flexibility to scan the data and upload the same easily.
3. Feature Rich
This is one of the most important aspect in the selection criteria, which should be in line with what you intend to do with the software as it will make your team’s job easier. It should offer both basic features such as inventory management, auto asset discovery, CMDB to advanced features such as vulnerability assessment and patch update alerts. The software should also cater to the future requirements and the roadmap should be clearly understood.
4. End-to-end Life Cycle Management
The software should assist the IT Teams in managing end-to-end Asset Life Cycle Management from planning, procurement, discovery, tracking, configuration, maintenance, deployment, up-grade to disposing of the IT administered assets in a systematic way.
5. High Scalability
In the beginning of the blog we made it very clear, the plethora of devices that we use today – have manifold and hence a solution that scales as per organization needs become all together even more important. Moreover, since IoT is gaining traction software vendors would have to manage new breeds of assets such as sensors which are set to grow exponentially.
The ITAM Software should be able to easily integrate with 3rd party vendors such as ERP Systems, ITSM, NMS etc. over open API’s; so as to ensure that the existing investment made in various systems are utilized effectively even after a new system has been introduced.
7. Pricing – part of ITSM
Again, one of the key factors which can be a deal breaker. Estimate the benefits in comparison to what you pay in order to procure the software. The best asset management solution offers pricing plans that scale up with the added value they provide, for example, number of assets or users or features. Moreover, organizations that require an asset management software would always require an ITSM solution and hence it is always better that the service desk software that you subscribe already have the asset management module built-in, which would be much more cost effective than investing in a standalone solution.
8. After Sales Support
Even though last it should be given high priority and due consideration of what type of support is included in the plan proposed. The cost and the quality vary as per the plan proposed which can be delivered through any or all the mediums as stated i.e. ticketing system, email, phone call or chat.
Evaluating the right asset management software on above parameters from various vendors could be quite cumbersome, but in the long run it will surely pay off.
One such asset management software that fulfills all the criteria listed above is Motadata. It lets you operate, maintain, deploy, up-grade and dispose of IT assets in a systematic way. Turn IT teams more productive by offering them greater visibility and control over both hardware and software assets, that enables them to fight day-to-day IT issues and problems, that helps in minimizing downtime that impact businesses. Moreover, it keeps a track of every asset to ensure employees are equipped with the tools required to get the job done.