Asset Management is a set of business practices that incorporates IT assets across the business units within the organization. It joins the financial, inventory, contractual and risk management responsibilities to manage the overall life cycle of these assets including tactical and strategic decision making. Not enough organizations view IT Asset Management as an investment. Though the reality is that it provides substantial and measurable benefits for short, medium, and long-term needs and goals. When it comes to IT assets, we are specifically referring to those assets that enable the IT side of the business to run.

Most organizations only perform IT Asset Management when faced with a software audit or in preparing for a merger. The trouble with only taking advantage of it in those 2 instances is that you are not seeing the benefits it can offer your business. In almost every business, technology exists at every turn. Desktop computers with monitors, laptops, smartphones, VoIP telephones, accompanied by a host of software programs can be found in every office or work station. At the next turn, you will find networked printers, copiers, scanners, fax machines and servers. As your business grows, your list of assets grows. Without proper management, you can lose track of your assets and that is when security breaches happen. IoT and BYOD are just a few trends Manufacturers are adopting that rapidly increases the number of devices on your network. How are you managing those?

Many organizations have adopted Cloud services in hopes of reducing costs and risks. This does not exempt your business from being able to benefit from Asset Management. It simply means, you have more options available to you for easier Asset Management. Cloud handles the majority of the work executed daily for the organization and makes both the client and IT departments life easier. The importance of Asset Management is taken for granted, and part of this remains because it’s misunderstood. This technology fuels the organization and represents a major investment for the business and should be critical when making business decisions.

Proper Asset Management is something every person is faced with. Individually, you survey your assets and mentally track what you own. Why in the world would a business, regardless of its size, not survey and document their assets. 2W Tech is a full-service IT Consulting firm that specializes in Manufacturing solutions. Give us a call today to better understand how Asset Management can benefit your business.

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