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Difference between revisions of "IT Asset (Information Technology Asset)"

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As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
 
As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
  
Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management) was sidelined as Cloud and XaaS increased in significance (initially through hype and eventually in reality).
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Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management (SAM)|Software Asset Management]] was sidelined as [[Cloud Computing|Cloud]] and XaaS increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting our businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.
  
  

Revision as of 14:55, 7 January 2020

An IT Asset is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and network infrastructure. Tracking of IT assets within an IT Asset Management system can be crucial to the operational or financial success of an enterprise.

An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware breaks down. Software becomes obsolete. And systems lose their effectiveness.

The management of IT assets requires well-developed processes and clear policies. IT asset management software may track physical devices, software instances and licenses, and even the cabinets that house them. Managers should be able to look up warranty and vendor information and understand how each asset contributes to the environment. Change control procedures are effective ways to manage upgrades and replacements.

As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.[1]


Digital transformation has changed not only the way business works, and the way IT functions. The datacenter (which had often been in the “too difficult” pile for both Hardware and Software Asset Management was sidelined as Cloud and XaaS increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting our businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.


See Also

Information Technology (IT)
Information Technology Architecture
Information Technology Asset Management (ITAM)
Information Technology Controls (IT Controls)
IT Operations (Information Technology Operations)
IT Strategy (Information Technology Strategy)
IT Governance
Enterprise Architecture
IT Sourcing (Information Technology Sourcing)
IT Infrastructure
IT Management (Information Technology Management)
IT Portfolio


References

  1. Definition - What Does IT Asset or Information Technology Asset Mean? Techopedia