TIP 3 Cut costs and complexity with connected IT asset management When times are good, you may get lax about looking after your IT asset estate. When times get tough, suddenly there’s pressure to rein in expenses, including underutilized hardware, software, and cloud resources. But that’s hard to do when you don’t know what you have. Organizational silos create blind spots when tracking hardware, including obsolete systems. Enterprise software licenses expire, and unlicensed applications proliferate. IT managers become bogged down in spreadsheets and legacy asset management tools that are inefficient and out of date. Taking control of The IT asset management hardware and software systems, reconciling trouble tickets, ensuring compliance, and planning for future needs becomes market size is expected to grow a nightmare. from $1.85 billion in 2023 to $2.52 Successful management of any IT asset (software, hardware, billion by 2028, a compound cloud, apps), whether stored on premises or in a hybrid cloud, requires total visibility. A single-platform IT asset management annual growth rate of 6.32%. solution connects multiple departments and automates the end-to-end IT asset lifecycle. You gain control of your IT budget —Research and Markets, 2023 as well as insight for redirecting resources toward high-priority investments. With comprehensive IT asset management, you can plan, operate, service, secure, and retire IT—managing everything Source: Research and Markets, IT Asset Management Market Size and Share Analysis - from the same place. Growth Trends and Forecasts (2023-2028), August 2023 4 tips every innovative company needs to succeed in digital transformation How to keep pressing forward—even in tough times | 5