Meeting the Challenges of IT Asset Management

Tracking IT assets has become more complex as the nature of these assets has rapidly changes. Given these changes, how should IT manage its assets?

 

Managing corporate assets has been an essential function of every enterprise, and now IT is being pressed to do the same with its technology assets. To learn how this change came to be, what assets should be measured, and what’s driving the need for IT inventories.

 

Enterprise Strategies: What kind of assets need to be measured? How has this changed in the last 10 years? How do you expect it to change in the next 10?

 

The diversity of technology asset classes and their total count has grown exponentially over the past few years. As technology-driven innovation continues to penetrate new industries and business functions this diversity, the count is going to grow even more dramatically. IT assets will need to be measured for a variety of business, risk, and operational management reasons in the future.

 

Looking backward 10 or 20 years, IT assets primarily resided in a data center — large and easily countable mainframes or minicomputers, storage devices, and networking equipment sitting in highly protected environments.

 

The client/server evolution of the early 1990s, and then the dramatic impact of the Internet in the late 1990s onward, has changed this scenario. From a few big boxes, the world of IT assets has grown to include millions of desktops and laptops, hundreds of millions of PDAs and other handhelds, to a growing number of IP-based telephony and similar equipment. The data center has evolved from a few mainframes to thousands of mid-range servers and blades, some of which can often be in a wiring closet at a branch office rather than in a dust-free data center.

 

As we look 10 years hence, the landscape changes will be even more dramatic. They’ll be driven by three major trends: increased technology-driven innovation of business processes, greater adoption and sophistication of mobile devices, and dramatic penetration of virtualization.

 

Business assets that will be “on the network” and need to be continuously monitored; this will include a broad range of equipment from MRI machines and CAT scanners in hospitals to intelligent pumps at gas stations and checkout counters in supermarkets (and in fact, some of these are already here).

Mobile devices will continue to become the preferred computing platform for a range of professionals, who will expect secure access to many of their key applications, and thus IT will need to ensure that they’re appropriately configured and tracked.

Finally, virtualization of computing and storage environments will become pervasive in data centers and on desktops, creating a much more dynamic infrastructure that will need to be constantly measured and managed.

The diversity and complexity of these devices, and their critical need within the business, place significant pressure on IT organizations to measure them and ensure that business and operational risks are mitigated.

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IT Asset Management Process

Are you utilizing > 95 % Assets in your organization? Are you looking to save 5 to 15 % Cost of IT? Please get in touch with info@avoidcost.com or info@gnoida.com

We will help you to save approx 20 % IT cost with effective asset management process.

In case you are interested – please send reply to info@gnoida.com along with following information -

First Name -

Last Name -

Company Name -

Company Location -

Company Employee Size-

Company URL -

Your Designation in the Company -

Total IT Assets in Your Company -

Your Mobile and Land Line contact Details

Email – Address

We will help in achieving 15 X Return in 180 Days.

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IT looks at sunny days as deals begin to flow

As companies in the $60-billion technology services sector gear up to announce results for the first quarter of 2009-10, the straws in the wind suggest that they may have weathered the worst of the global economic downturn.

 

The biggest indication is the return of the deal flows, albeit in smaller sizes of about $25-30 million. A welcome development considering that in the past couple of quarters clients had battened down the hatches by suspending discretionary spending, freezing IT budgets and putting offshoring decisions on hold. Many of the new deals involve what is referred to as ‘business transformation outsourcing’, where an Indian vendor would work with a client to reshape entire processes such as payroll or HR administration to make them more efficient and achieve cost savings.

 

In May, India’s largest software exporter TCS signed a five-year deal with the Volkswagen Group in the UK to provide IT support and transformation of its IT infrastructure. TCS also bagged a contract from ABB in the UK to implement business software. Wipro signed a $34-million contract to extend a deal with Sunoco, a US-based marketer of petrochemical products. IT sector analysts believe that sales growth during the April-June quarter will not exceed 15 percent, but agree that the software services industry could be looking up. The first big result for the IT sector begins with India’s second-largest software exporter Infosys Technologies on July 10. Infosys has forecast a decline of 6.5-8.2 percent in its dollar revenues and a 11-13 percent increase in rupee terms for the quarter ended June 30, 2009

 

Source: The Economic Times

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Recovery to be rapid, strong: Forrester

Though the global IT market is expected to fall by 11 percent and the US market by 5 percent this year, the steep decline has set the stage for a rapid and strong recovery in late 2009 and 2010, Forrester Research said. “We think business and governments reacted to the US and global recessions by cutting back too much on investment in Q4 2008, Q1 2009 and Q2 2009,” said Andrew Bartels, analyst, Forrester. “They will restore tech purchasing levels as they realise that the recession is not as deep or as long lasting as they feared.”

 

US outsourcing is expected to grow by a mere 2 percent this year, hurt by the economic uncertainty and pricing pressures. The spending would grow 6.5 percent in the second half of 2009 and in 2010 as deals get implemented, Forrester said. Software purchases in US are expected to slide 3 percent, with licence revenues down much more, which would increase to 7.5 percent in 2010. IT consulting and systems integration services would decline 2 percent in 2009. The outlook for 2010 is positive with a 7.9 percent growth.

 

Source: The Hindu Business Line

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TCS, Wipro, Infy among cos battling IT out for Rs 2,000-Cr defence deals

TCS, Wipro and Infosys, apart from SAP and IFS Defense, are pursuing contracts worth Rs 2,000 crore from the country’s defense forces, the Indian Air Force (IAF) and the Army, who are seeking to modernise their processes and become more efficient organisations.

 

At least three people familiar with these contracts said both IAF and Indian Army have issued several request for proposals for these projects. When contacted by ET earlier this week, officials at Indian Army and IAF confirmed that their organisations are seeking suppliers, but declined to elaborate.

 

“The main purpose is to bring efficiency and reduce cost, time and paper work. There are hundreds of IT projects going on, including one for automating HR. We give certain projects to private companies, but there are also some projects which are confidential and classified and can’t be outsourced to anyone,” said an Army spokesman.

 

Source: The Economic Times

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BofA, US States harp on local delivery to meet TARP terms

Top outsourcing customers, such as Bank of America and several local governments in the US, are asking vendors, including TCS, Infosys and Wipro, to deliver more projects locally. They are also rescinding job offers to foreign workers in an attempt to address anti-offshoring sentiments and cope with legislative requirements of the Troubled Assets Relief Program (TARP).

 

Bank of America and other financial services organisations who have received funds under TARP need to ensure that they try and employ a local American workers before hiring a foreign worker from companies such as TCS, Infosys and Wipro. During past few months, at least five new outsourcing contracts had new clauses, which mandated that certain work be delivered onshore.

 

“Bank of America’s Merill Lynch integration projects are being delivered locally because of TARP requirements—on any other day, Infosys could have done a majority of these projects from India and elsewhere,” said a US-based person familiar with the bank’s outsourcing initiatives.

 

Source: The Economic Times (Delhi edition)

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IT biggies take 40 percent hit in billing rates

The race to woo recession-hit clients across the world is forcing IT biggies to reduce their client billing rates, sometimes as high as 35-40 percent, though most are still managing to control any sharp declines in their topline.

 

In certain projects the billing rates are down to $16 an hour, which, analysts say are the lowest ever rates. And such rates will continue at least till Q1 next year, they add. “We have seen such sustained decreases in pricing in most projects. I expect this to last until the year end at least,” says Siddhartha Pai, Partner and MD, at the India offices of TPI Inc, a global outsourcing advisory firm.

 

“The last month or so has seen unprecedented cut in billing rates even for existing customers,” said Avinash Vashisth, chairman and CEO, Tholons, an offshore advisory firm. He said that for large testing services, and of services of similar value, $16-20 is the prevalent rate. This is almost 30-35 percent lower than the rates being charged earlier this year and steeper than the 20 percent cut that British Telecom had demanded from Infosys and Tech Mahindra earlier this year on some old and new projects. Also higher-end projects like SAP have faced pricing cuts of around 25 percent, which is again more than what it was earlier this year.

 

Source: The Economic Times

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Atos Origin wins Royal Liver Assurance contract

Atos Origin announced that it has won a new ten-year contract with Royal Liver Assurance (RLA), an incorporated Friendly Society that has been providing financial services to thousands of families in the UK and Ireland for over 150 years.

 

This is the first time that RLA has outsourced its Group IT in this way and the primary drivers for doing so now are to achieve cost savings and provide flexibility for future business change whilst at the same time maintaining regulatory compliance. Under the contract Atos Origin will take over management of all of RLA’s IT infrastructure, services and applications with the exception of the already outsourced progress infrastructure.

 

Through its Global Sourcing model, Atos Origin will provide a tailored solution for RLA. The team in the UK will work closely with RLA to support front office services and technology management. Server and applications management as well as service desk support will be delivered through Atos Origin’s best-in-class off-shore facilities in India and Malaysia.

 

Source: Atos Origin

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Cognizant big on mobile couponing

Betting on mobile applications as a growth area, IT major Cognizant is developing a new solution for mobile couponing. Mobile couponing is a process of receiving and redeeming merchant discount coupons electronically using a mobile instrument and network instead of conventional paper coupons.

 

Said R Viswakumar, AVP, global technology officer, Cognizant: “We are exploring this emerging business need and developing a solution by identifying and creating specific technology components.” The solution would be piloted in Cognizant first and then launched along with merchants, mobile operators, banks and payment companies in a phased manner. The trans-border company has discussed the idea with a few existing clients and the response so far has been encouraging, said Viswakumar. Researches suggest that mobile phones are fast replacing 300 billion paper coupons issued every year in the US. Brands such as Burger King, Dairy Queen, Victoria’s Secret, Unilever and ShopRite have starting using mobile coupons in various forms.

 

Source: Financial Chronicle

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