Lack of technology asset management holding back businesses

Lack of technology asset management holding back businesses

Businesses need a ‘real-time’ view of their technology assets, but a lack of skills and budget available is holding them back, according to new research from Nlyte Software.

Over 80% of technology asset decision-makers have revealed that a lack of technology asset management is a key business issue for the C-suite, and with almost a third (31%) of organisations still tracking this manually, this comes as no surprise.

The study, commissioned by Nlyte and delivered by Sapio Research found that almost two thirds (61%) of business leaders see a need for a real-time view of their technology and software assets.

With over a third (37%) of respondents believing they could save 20% of their budget by remediating underutilised software, and 39% stating they could save their IT delivery teams six to 10% time in daily business operations – but only if they had a real-time view of the situation.

It’s all about the risk

Despite the apparent priority, the motivating factor behind the decision to implement asset control across the entire technology stack is most likely to come from a cybersecurity breach, according to 29% of respondents.

And there are stark differences between how managers and senior teams see this as a priority, with C-suite respondents believing that assets are being scanned hourly (27%) or daily (35%): yet those at manager level are less confident (8% and 28% respectively).

It also seems that the majority (84%) of asset decision makers are still concerned about the prospect of a vendor software audit, and as nearly a quarter (21%) of respondents face fines – a worrying amount that perhaps comes from an inability to manage processes well, rather than any deliberate misdemeanour.

Although understanding of technology asset management is high, adoption and discipline needs to be higher across the spectrum for large organisations who want to regain control of their technology assets,'' said Doug Sabella, president and chief executive officer, Nlyte Software. 

“Across our transnational sample (USA, UK, and France) 96% say that hardware and software technology asset control is a top five priority for the business, yet this still isn’t being implemented across the board.”

“After years of delivering complete asset lifecycle management to the data centre, we also extend that deep understanding and discovery ability to the Technology Asset Management (TAM) landscape.

“TAM serves the enterprise by bringing order to the chaotically grown compute infrastructure, functioning as a single source of truth for the business to manage the cost, security, compliance, and the operations of its technology.”

Technology Asset Management

Several of the learnings from this research showed that large organisations as a whole have no agreement on a clear vision of what their asset management strategy is for.

A lightweight, agentless technology-based solution, like TAM, that isn’t limited to certain vendor platforms or industry protocols removes these headaches.

Such a solution allows for the discovery of any and all types of technology assets, compute, storage, network, software, firmware, IoT and more.