Which Are the Best Practices When It Comes To Hardware Asset Management?

Which Are the Best Practices When It Comes To Hardware Asset Management?

A good number of trends continue to draw increasing attention in the field of hardware asset management. It then begs the question; do you exactly know where your computer is? This simple question is right at the heart of an efficient hardware asset management.

There is no doubt that the rising popularity of the cloud services normally obscures the utmost truth that physical equipment ultimately constitutes technology. As one expert explained in his book, the internet certainly relies on physical infrastructure. So what does such a reality really mean for IT managers in this day and age?

A number of trends continue to draw increasing attention when it comes to hardware asset management. Certainly, security threats remain a huge threat and risk for many industries. Physical security leaves so much to be desired not only at data centers, but also in other facilities.

Secondly, corporate directors and executives are searching for greater clarity concerning technology spending. That consists of spending on hardware. Demonstrating effective oversight and fulfilling audit requirements are two more reasons for the adoption of an effective, structured, and working enterprise hardware management program.

How to align with best practices: ISO standards

For sure, managing IT assets is not an ‘anything goes’ process any more. Today, a good number of organizations are focusing their hardware strategy on having backup equipment as well as reliability. One of the unexplored areas or options in regards to enhancing hardware asset management is analytics. Sadly, most organizations lack an effective enterprise-level analytics in their hardware. Varying data offered by hardware manufacturers normally makes this highly challenging.

Using software in the management of hardware assets

Many businesses are still relying on spreadsheets to manage technology assets. Consequently, IT leaders have the opportunity to enhance the process through the utilization of professional tools. A good number of the top asset management tools in the market possess the ability to manage hardware and software assets.

Cost savings and environmental benefits

Optimizing hardware management provides a number of benefits. For instance, some businesses focus their energies on environmental advantage or benefits of hardware management in order to reduce waste. There is no doubt that electronic waste remains a huge concern for companies and governments.

The fact that mobile devices are made from or using difficult-to-obtain raw materials, there is definitely a case for recycling. UN’s STEP initiative opines that more than 70 million tons of waste (e-waste) was produced two years ago. Countable large companies such as Microsoft and Dell are currently running programs to take care of the problem.

Effective hardware asset management can come in handy in helping companies to save substantial amounts of money. How does this happen? It happens by equipping them with the abilities to obtain the most out their current IT assets.

Difference between failure and success

Many factors contribute to either the success or failure of a program on hardware asset management. Executive buy-in might be one of the most important elements. Efficient executive sponsorship is very important since the effort needs internal education and process changes.

Best practices in hardware asset management are indeed of great help to organizations. It does not matter the angle you view the discussion from. The fact is, organizations can benefit hugely by initiating effective practices when it comes to the management of their hardware assets.