Apart from being a key investment, the hardware and software assets necessary to deliver IT services are crucial aspects of operating businesses today. Therefore, it becomes vital that these IT assets are managed with efficiency and control and well protected.

Proper monitoring and administration of the risks involved in the businesses' deployment and use of these assets are important.

We look at four challenges that businesses face today in a changing work environment:

1 - Organizational awareness: Despite having procedures and controls in place, the organization, including both the IT and the enterprise, might not be completely aware of what they are or their importance, and they simply ignore or evade them.

2 - Shadow IT and external purchasing of assets: This is mostly caused by a procurement-focussed approach, indicating a lack of awareness of the right processes for IT asset acquisition or the absence of these processes.

This leads to uncontrolled IT assets being brought into the enterprise, raising costs and exposing to security and compliance issues.

3 - Lack of process controls: The distributed approach causes IT asset management (ITAM) to be seen as a function rather than an organizational discipline.

Hence, any existing processes and controls are only applied to the function – not the organization as a whole.

Effective planning and management of the entire life cycle of all IT assets are part of the ITAM best practices to overcome each of the challenges listed.

About the company

Boerger Consulting has more than 20 years of experience in Asset Management. Led by Mr. Jeremy Boerger, creator of the Pragmatic ITAM method, the firm offers various services like Software Asset Management, Software License Audit Defense Strategy, Cyber Security Asset Management, etc., to help in the efficient management of your business assets.

For further detail about ITAM best practices please visit the website.https://www.itamcoaches.com/it-solutions/itam-solutions/