|By Adrian Bridgwater||
|November 3, 2012 01:00 PM EDT||
IT Asset Management, or ITAM if you prefer, is the lost link to the cloud. There, now we've said it, do you feel better?
Before we can decide whether this is true, we need to understand what ITAM really is of course.
Sometimes called EAM (Enterprise Asset Management), the practice of asset management is quite a broad term used to describe the process of auditing and subsequently overseeing the total number of IT assets inside a company.
Encompassing hardware, but predominantly focused (these days) on software, asset management allows IT managers to improve cost control, perform maintenance scheduling, manage upgrades and look downstream towards decommissioning and replacement.
This last element of ITAM, i.e., ‘decommissioning and replacement' probably (more than any other aspect) comes from the traditional view of asset management where software, servers, desktops and mobile devices might be retired once they can be said to be obsolete.
From Retirement, to Upgrade
In the new service-based world of computing as typified by the cloud model we move to a point where retirement becomes a less tangible or visible process as services from our hosting provider of choice are simply upgraded. At the user end, there is often no visible difference (at either the datacenter or the desktop) apart from an improvement in performance.
But asset management goes beyond simple questions of system upgrade. With ITAM we are able to analyze the productive contribution made by every element of our IT stack to a higher-level business algorithm. Inside this calculation we can correlate and cross-correlate every IT asset against a financial model that encompasses contracts, profitability and trading figures right across the business.
...and Then Comes the Cloud
Analyst firm Gartner IT held its second Financial, Procurement & Asset Management Summit 2012 in London this October to discuss the impact of ITAM in light of the convergence of cloud, virtualization and bring your own device (BYOD) technologies.
So the connection starts to become clear. A migration to the cloud should be undertaken in order to improve computing flexibility and agility yes, but it should also be done with a view to optimizing costs and moving to a new virtualized computing framework where buying power is also improved.
Put simply, we have a new way of buying our IT assets in the form of services, so this means that we also have a new responsibility for managing those assets. In this scenario, we need ITAM to get us to the cloud, we need ITAM to manage us in the cloud and we need ITAM to keep us productively and profitably housed within the cloud as well.
What the Industry Says
Quoted on dedicated IT asset management website The ITAM Review, CTO and founder of iQuate Jason Keogh argues that asset management and the cloud must now focus on each other if we are to negotiate this missing stepping stone to virtual computing efficiency. Keogh describes ITAM and its place upon the stepping stones to cloud migration.
"A proper understanding of the risks and costs involved in moving expensive, datacenter and server [level] software into shared services and cloud-based infrastructures will save large enterprises millions of dollars, while reducing risk. If you don't agree strongly with that sentence, let me invert it for you: migrating expensive, server software to shared services and cloud-based infrastructure without a proper understanding of the risks involved will cost enterprises millions of dollars. Do you agree now?"
Cloud vendors and/or hosting providers largely concur and so advocate a diligent approach to asset management analysis to oversee (and help manage on an onward basis) the movement to a services-based computing structure.
"The ability to locate, audit, quantify and qualify the total scope of any firm's IT stack is a critical part of any progressive cloud adoption program," says Garry Prior, senior product manager at Rackspace.
"When firms have a clear understanding what it takes to transition their IT assets to the cloud and move to a utility billing model, there opens up a real opportunity to provision only the resources needed and avoid the future expense of depreciating or upgrading IT hardware. Adapting IT management for the cloud is central to our customers' deployments of virtualized hosted solutions and we welcome the burgeoning and strengthening of offerings in this sector."
Where Can I Buy Cloud ITAM?
Cloud ITAM offerings come in many shapes and sizes with Gartner defining many of these solutions as coming from the so-called ‘megavendors.' HP for its part offers HP Asset Manager software to automate best practices across the IT asset lifecycle and integrate with firms' IT processes.
According to the company's website, "With HP Asset Manager you can implement analytics to optimize the value of IT assets and services. You can improve audit compliance by controlling where assets are and who is using them throughout the life cycle. You can control purchasing and chargeback, and compare the performance of your vendors. HP Asset Manager provides IT service cost information along with the data and governance necessary for all your IT processes to function optimally."
Perhaps the fact that the aforementioned Gartner conference is now only in its second year should speak volumes to us in this space? The analyst firm doesn't need much encouragement to pump out its seemingly limitless market predictions. Equally, the firm can get a conference together to discuss emerging trends pretty fast - but we're only in year two!
We propose that ITAM is on the cloud radar and in direct view straight ahead.
• • •
This post first appeared on Enterprise CIO Forum.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 30, 2016 12:45 AM EDT Reads: 2,966
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 30, 2016 12:00 AM EDT Reads: 1,669
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 30, 2016 12:00 AM EDT Reads: 2,370
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Sep. 29, 2016 11:30 PM EDT Reads: 1,205
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 29, 2016 10:30 PM EDT Reads: 4,042
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 29, 2016 10:00 PM EDT Reads: 1,809
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 29, 2016 08:45 PM EDT Reads: 2,219
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Sep. 29, 2016 08:45 PM EDT Reads: 1,550
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Sep. 29, 2016 06:15 PM EDT Reads: 3,700
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 29, 2016 05:15 PM EDT Reads: 2,859
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Sep. 29, 2016 04:45 PM EDT Reads: 3,458
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Sep. 29, 2016 04:45 PM EDT Reads: 2,803
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 29, 2016 04:30 PM EDT Reads: 1,351
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 29, 2016 04:00 PM EDT Reads: 489
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 29, 2016 04:00 PM EDT Reads: 2,413
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Sep. 29, 2016 03:30 PM EDT Reads: 1,631
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 29, 2016 03:15 PM EDT Reads: 1,800
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 29, 2016 03:00 PM EDT Reads: 2,981
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Sep. 29, 2016 03:00 PM EDT Reads: 2,841
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 29, 2016 02:00 PM EDT Reads: 4,209