We talk a lot about IT processes and their management – how to meet the needs of the business and introduce automation in various fields. How important it is to launch self-service portals, implement modern agile development systems and Dev. Ops culture. How to prioritize during the implementation of projects based on needs, budgets and timelines, etc. But there is an important process that allows you to accurately manage available resources and make IT work as efficient as possible – asset management (ITAM). If you do not understand the importance of ITAM and want to know why you should hire the N-Blocks Asset lifecycle management Asset lifecycle management Middle East services, keep reading the article to achieve a positive result.

What is Asset lifecycle management?

Asset management is a set of business practices for managing the life cycle and assisting in making strategic decisions. Sometimes ITAM is seen as a bridge between money and compliance on the one hand, innovation and improvement on the other. Regardless of the size of the company — a small one, where several people work at computers with certain software, or a large corporation, where thousands of employees play various roles, ITAM processes can successfully control the entire portfolio of assets. So, if you want IT asset management for your company, the first thing you should do is to hire the professional ITAM service, and who knows it better than N-Blocks? 

What are assets and asset management?

Assets are software, hardware, and any other physical units that a company owns. Most often, assets are attributed to capital costs. Asset equipment may include computers, networks, servers, printers, peripherals, telephones, and other mobile devices. Depending on the type of activity of the company, there may be other types of physical assets such as automobiles, machine tools, tools – all that the company owns and provides to its employees or customers. Software assets may include software licenses, various software versions, as well as applications installed on the user’s computer.

It is important not only to know about your assets, but also to manage them – calculate depreciation, monitor usage, control their distribution and access rights. A few years ago, companies involved in asset management did it manually on paper or in tables on a computer and called this base an asset portfolio. But, now they have chosen the perfect ITAM service provider, N-Blocks, to do their job. The development of technologies and the use of cloud computing allow modern IT asset management systems to track changes faster and more accurately.

Is there any classification?

Automatic IT audit is one of the most important components of an IT asset management system. With manual accounting of the use of software, an IT specialist needs to physically track the installation and removal of each program, check the number of licenses with their actual use, interact with accounting to know the date of purchase and renewal, and check all current and former users to have a complete picture use of software. Thanks to automation, the ITAM system itself will detect all used assets, compare them with existing licenses, detect active or inactive users and, after analyzing the data, offer optimization options.

What are the ITAM Benefits?

Thanks to an inventory of all IT assets, your company gets a complete picture of the use of its own resources, which allows you to make the right decisions in all areas of activity and increase work efficiency. Using the ITAM system allows you to:

• Track the effectiveness of achieving business milestones.
• Value costs of assets with perfect needs.
• Improving the usefulness of the assets.
• Supportive to organizational change.
• It increase the overall security and minimizes the risks with time to time patch installation and updates. 
• Lower the asset risks and higher the asset security.
• Make connection with regulatory and corporate requirements.
• Collection of information – user request, approval and approval of the request, purchase.
• Maintenance and management – financial information about the asset (costs, licenses, updates, ROI, downtime, etc.).
• Redistribution and decommissioning.

If you need a reliable asset management service in Middle East, evaluate the capabilities and benefits of the popular and successful N-Blocks service platform. You can get advice on its implementation from the specialists of the company. For more information visit the website, https://n-blocks.ae/a-to-z-asset-lifecycle-management/.