Operations | Monitoring | ITSM | DevOps | Cloud

As much as some IT admins may claim otherwise, using Excel for Asset Management is not a good idea. MS Excel is a powerful tool and has served analysts, accountants, finance personnel, the logistics team, and even IT admins ever since its inception. It has become one of the most ubiquitous office software ever since its initial release. Of late, Google released Sheets, a product similar to Microsoft Excel, as a potential competitor.

Cloud adoption has grown in recent years. From organizations developing a cloud-native strategy to those focused on cloud migration, there are many different ways to consume the cloud. No matter the reason for choosing the cloud or how organizations get there, many overlook one critical piece of the puzzle: cloud asset management. Have you been frustrated by figuring out what you have deployed in what cloud? If so, you're not alone. Let's examine why this is so important.

Service mapping is an essential tool for IT service management, as it allows you to gain a clear and comprehensive understanding of the various components and dependencies that make up their IT services. Service mapping focuses on discovering data center devices, infrastructure, application dependencies and the corresponding relationships. This enables your organization to manage and optimize their IT operations, improve service delivery and more effectively reduce disruptions and outages risk.

The mining industry uses a variety of tools and equipment – both IT and non-IT – in its everyday activities. From drills and equipment to work down the mines to computers and software to run its operations, it handles a wide range of assets in decentralized locations. Thus, implementing asset management in the mining industry is not an option; it’s a must.

The life cycle of an asset starts from the day it is purchased to the day of its disposal. During this whole process, there are a lot of changes in the state, condition of asset and user history, depreciation being incurred and multiple other things. It is very important to keep a track of all of this so that an organization is well aware of the asset that they procure.

IT asset managers’ job descriptions tend to be very complicated and diverse. In general terms, the role is in charge of managing an organization’s hardware and software assets, so it’s crucial to have a trustworthy professional, especially for organizations that conduct most of their operations on digital systems. In this sense, an IT asset manager has to also be capable of handling a team of professionals dedicated to the task to achieve the business goals with its assets.