Why Good Data is a Must: Asset Management Oversight is Essential to Effective Governance

Asset Management is a set of business practices that join financial, contractual and inventory functions to support asset life cycle management and strategic decision making for the IT environment. Asset Management processes for both hardware and software assets address requirements for inventory, licenses, procurement, leases, warranties, cost accounting, retirement and disposal of assets. Although many functions are covered within Asset Management, information about the assets is the key building block for IT decisions and governance.

Providing a “trusted source of truth” to support asset management is therefore critical
because you cannot manage what you can’t see, and you cannot fix what you do not know.
As the boundaries of IT estates expand both into the cloud and with employee-owned assets, companies face significant challenges in managing both internal and supplier costs and overall risk.

This ISG white paper examines the importance of asset management to effective governance, identifies issues organizations typically experience with maintaining accurate inventories of assets, and defines keys to an effective asset management program.