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Hardware Asset Management

7 Hardware Asset Management Best Practices

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Too many discovery tools, data accuracy issues and missing assets.

These are a few of the most common roadblocks IT managers face with their hardware asset management initiatives.

Breadth

50% of orgs have 12+ discovery tools

Best practice: Get to a single point of truth by comparing data sets, normalising, and reconciling by automated processes to drive accuracy

12+

Depth

66% of IT managers do not have an accurate record of their IT assets

Best practice: Reduce the complexity, define what's useful to track

66

Ownership

30% of IT assets are 'ghost' assets - missing or cannot be found

Best practice: Know who an asset is assigned to, drive accountability and compliance

30%

Naming Conventions

1 O+ hours per week, orgs spend resolving data accuracy issues

Best practice: Make hardware assets identifiable using consistent naming conventions, implement normalisation processes

10+

Performance Metrics

25% of enterprises only will be satisfied with the value their ITAM programme provides

Best practice: Define business case to clearly articulate the value ITAM investments will contribute to your specific business objectives

25%

Major Process Areas

3% of all data loss and systems downtime is caused by hardware failure

Best practice: Manage hardware with process and policy throughout its lifecycle

53%

Stakeholders

Multiple owners responsible for hardware assets, including IT, finance, line-of-business or facilities management

Best practice: Collaborate with cross-functional teams to identify risks, costs and value

Multiple