The lack of mature processes that support a move to the cloud will result in increased risks, including security and license compliance risks. With the move to the cloud comes a shift from perpetual to subscription based payment models. Gartner expects subscriptions to overtake traditional perpetual licensing and maintenance by
We frequently discuss on this blog how to increase your level of software asset management SAM maturity. Beginning at Level 1 see figure belowyou begin to collect software inventory across your enterprise environment. Typically you also collect hardware inventory or hardware asset information sufficient to determine license consumption for licenses based on hardware characteristics.
Many organisations embark on a journey to implement SAM or enhance their current practices without a clear view of what is required or the objectives they want it to achieve. This means they are missing the mark on reducing compliance and financial risk exposure, incurring unnecessary or unplanned costs, increasing vulnerability to cyber-attack, and more. To overcome this, a strong SAM operating model is essential.
A mature software asset management process provides the capabilities needed for effective maintenance, control, and protection of software assets across the various stages of their lifecycle. As your SAM strategy becomes more sophisticated, it will offer a range of benefits — such as visibility — that contribute to a worthy return on inve stment ROI. Visibility into your software assets extends far beyond good housekeeping; it can move your organization from the reactive and inefficient handling of software audits into an educated and proactive state.
If you are a CFO software management is critical to controlling costs. As the CFO, you have the mandate to protect the assets of your company, working closely with your legal team to ensure you are free from lawsuits and audits, while maximizing ROI in any venture your company takes on. You work tirelessly to Protect your organization, board and shareholders from unforeseen financial pitfalls.
With the investment in SAM, if done correctly, the potential to save money and time, and to reduce risk, far outweighs the drawbacks. SAM capabilities are often sold to organizations based on fear — the fear of fines, reputational damage, and even prison time for company directors. But, while these are valid risks, and fears, SAM is not just about ensuring software license compliance.
The Service Management Department within Global Support ensures that the technology services and support delivered to the Informa Group divisions globally is of the highest standard possible and is in line with Industry standard best practice. The department establishes working processes and best practice for use across Global Support catering for all elements IT service provision. The IT Software Asset Management SAM role provides an accurate account of technology asset lifecycle costs and risks to maximize the business value of technology strategy, architecture, funding, contractual and sourcing decisions.
Those who overlook or ignore Hardware Asset Management do so at their peril. It is an essential component for a mature and successful IT Asset Management ITAM program — and can be the cause of significant financial costs and business risk and inefficiency if not managed effectively. Changes in regulatory and compliance requirements, technological advances and especially increased financial performance pressures have made Hardware Asset Management HAM an essential practice. These changes have caused a dramatic shift in the attention being paid to how hardware assets are deployed, managed and used.
Technology continues to grow at blinding speeds as more innovations in the digital sector seem to occur on a nearly daily basis. Keeping up with this breakneck pace and ensuring your organization makes the most of its IT investment is no small task. The role of IT asset management ITAM is one fraught with difficulties but also one that, when executed properly, can result in massive returns on investment.
The benefits of a comprehensive IT asset management ITAM program may seem obvious since it provides the data needed to strategically and tactically manage the life cycle of IT assets from purchase to end of life. Of course, companies can leverage IT asset management to reduce costs, improve operational efficiency, determine the full cost of existing investments and provide accurate cost information to guide future investment decisions. But an IT asset management program can also help identify and manage information risk as well. Despite all these benefits, many companies struggle to implement a mature IT asset management program that enables them to accurately account for assets throughout the enterprise.