2017 data storage trendsDepending on the industry and size of the company, IT departments must manage and keep track of multiple IT assets, such as servers, networking gear, storage hardware, software packages, and more. But that doesn’t mean every IT shop has an IT Asset Management (ITAM) strategy in place.

So what’s the difference between simply managing assets and creating a true asset management strategy? Having an ITAM strategy moves your IT department from an improvised, on-the-fly approach to a carefully planned one, which can help you make more informed decisions about your IT infrastructure.

There are several benefits to creating an asset management strategy. Here are a few areas it could help, and why should care about it.

Improving Data Center Efficiency

Asset management gives you the opportunity to leverage needs and requirements with what you already have within your environment. Having the full picture of what you own and lease can help you see if there’s any technology that can be eliminated to save money. That way, you have looked at all the possible options before making another purchase.

Tracking Everything you Own

One of the most easily identifiable benefits of asset management is having a comprehensive list of every piece of equipment you lease, rent, or own, where they’re located, what they are used for, and any documented changes. This is the basis of savings, increased ROI, and data center efficiency.

Maintenance Contract Savings

Depending on the age of your asset, you may need different maintenance and support contracts. By tracking all your storage, server, and networking equipment in one place, you’ll be able to identify any lapses in coverage, consolidate support contracts, and find opportunities for third party maintenance after hardware has reached a product lifecycle milestone.

Integration Across Locations

Many enterprises have several locations and data centers. This presents the unique issue of overseeing both production and test/dev sites. Having an IT asset management strategy can help you effectively create inventory reports and more easily provide asset information for audits and other needs.

What Other Reasons Should You Care about ITAM?

These are just a couple of instances that should help you decide to make an IT Asset Management (ITAM) strategy. Want to know more about ITAM and other lifecycle services to help you increase data center efficiency? Check out Part 2 of this blog series and follow the Reliant Blog for tips, best practices, and other how-tos. Need help getting started with asset management? Check out Reliant10xto use our personal cloud-based platform, or reach out by giving us a call at 1.877.227.0828.