Many enterprises still do not have a solid digital strategy in place. That’s certainly not because they are oblivious to the benefits offered by the technology. They are aware of it. But, they have a misguided idea of digital transformation. For many such businesses, digital transformation begins and ends with the embracing of online services like Google Places, Yelp, a WordPress website, and basic tracking in excel.

Some may go to the point of hiring an agency for managing basic data analysis and reporting.  That’s it. They often use consumer-grade hardware such as a laptop without any anti-virus, a smartphone that lacks basic security features, and other devices which leaves them exposed to a variety of risks. This is true for even established mid-sized enterprises who do have a digital strategy in place. All of this exposes them to a variety of risks.

Such businesses expose themselves to threats like hacking, data theft, and even hardware malfunction, leading to the loss of a wealth of data. A proper and effective IT Asset management system, processes and procedures are all essential for every business that has the slightest IT signature, which ideally should be all businesses.

Why is IT Asset Management required?

This question begs an important explanation. What is an IT asset after all? In today’s world, anything that is of value to the IT is an asset. For the traditional minded, this means computers, servers, patented technology, and licensed software.  But, there’s one more thing that is usually neglected – data. For data-driven businesses, data is arguably a lot more important and valuable than the assets listed above. Therefore, its security and protection is of vital to the businesses. IT Asset Management (ITAM) is the centralized management of all the IT hardware, software, and data that are being used by the business or its employees. It entails knowing who is using what to access what. Thus, proper measures can be put in place to ensure that the important assets are not compromised due to any reason.

You Don’t Need a Luxury Ride to get you from Point A to B

ITAM is a vast field and offers a ton of tech solutions to safeguard and manage your IT assets in the most efficient and effective manner. However, you may not need the highest security or management capabilities at the deepest level of detail. The ITAM solutions you implement should be in line with your risk appetite as well as the value of your IT assets.   Experienced enterprises like RAY ALLEN INC provide that depth and breadth of services to the portfolio of customers we support. As your organization matures, you can pursue more products and services to address and manage the increased value of your IT network and services.

Todd Ringleman

Todd Ringleman

Founder, CEO at RAY • ALLEN INC
Todd Ringleman is Founder and CEO of RAY • ALLEN INC. Under Todd’s leadership, RAY • ALLEN INC has grown from a disruptive idea into a leading partner in the IT Asset Management and Recurring Revenue market.
Todd Ringleman

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