Modern enterprises across the world rely on technology for their day-to-day operations. Every business process is resting on several IT systems and all the business-related data travels through these systems within and outside of the organization. This data ultimately lands in the end customer’s hand or system as a product or service.
The increasing dependence on technology, combined with complex licensing and a hybrid environment, places a higher level of responsibility on IT teams to manage and control the assets better to regulate asset utilization, budgets, data privacy, and confidentiality. With the pandemic leading to more employees working remotely, it has become more difficult for IT leaders to have control over the scattered IT environment. A streamlined IT Asset Management (ITAM) strategy can simplify the process of managing technology budgets and tracking data movement and IT assets. Gartner says that IT Asset Management can reduce your IT Asset costs by 30% within the first year, and 5-15% every year subsequently.