IT Asset (Information Technology Asset) - Revision history

User at 16:09, 21 April 2023

2023-04-21T16:09:25Z

User at 21:01, 12 April 2023

2023-04-12T21:01:01Z

User at 17:30, 2 December 2022

2022-12-02T17:30:25Z

User at 17:29, 2 December 2022

2022-12-02T17:29:38Z

User at 12:46, 10 April 2021

2021-04-10T12:46:46Z

User: The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

2021-02-06T16:18:12Z

The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

User at 22:26, 7 January 2020

2020-01-07T22:26:02Z

User at 21:55, 7 January 2020

2020-01-07T21:55:46Z

User at 16:59, 7 January 2020

2020-01-07T16:59:35Z

User at 16:44, 7 January 2020

2020-01-07T16:44:01Z

@@ Line 37: / Line 37: @@
 == See Also ==
-[[IT Infrastructure]]
+*[[IT Infrastructure]]
-[[Information Technology Architecture]]<br />
+*[[IT Architecture]]
-[[Information Technology Controls (IT Controls)]]<br />
+*[[Information Technology Controls (IT Controls)]]
-[[IT Operations (Information Technology Operations)]]<br />
+*[[IT Operations (Information Technology Operations)]]
-[[IT Strategy (Information Technology Strategy)]]<br />
+*[[IT Strategy (Information Technology Strategy)]]
-[[IT Governance]]<br />
+*[[IT Governance]]
-[[Enterprise Architecture]]<br />
+*[[Enterprise Architecture]]
-[[IT Sourcing (Information Technology Sourcing)]]<br />
+*[[IT Sourcing (Information Technology Sourcing)]]
-[[IT Management (Information Technology Management)]]<br />
+*[[IT Management (Information Technology Management)]]
-[[IT Portfolio]]<br />
+*[[IT Portfolio]]
-[[Information Technology Asset Management (ITAM)]]
+*[[Information Technology Asset Management (ITAM)]]

@@ Line 1: / Line 1: @@
-An '''IT Asset''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and [[network]] infrastructure. Tracking of IT assets within an [[Information Technology Asset Management (ITAM)|IT Asset Management]] [[system]] can be crucial to the operational or financial success of an enterprise.
+An '''IT Asset''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and network infrastructure. Tracking of IT assets within an IT Asset Management system can be crucial to the operational or financial success of an enterprise.
-An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.
+An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware]breaks down. Software becomes obsolete. And systems lose their effectiveness.
 The management of IT assets requires well-developed processes and clear policies. IT asset management software may track physical devices, software instances and licenses, and even the cabinets that house them. Managers should be able to look up warranty and vendor information and understand how each asset contributes to the environment. Change control procedures are effective ways to manage upgrades and replacements.
-As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
+As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact on the business.<ref>[https://www.techopedia.com/definition/16946/it-asset Definition - What Does IT Asset or Information Technology Asset Mean?]</ref>
-'''Classifying Types of IT Assets<ref>Why Current IT Asset Classification no longer works [https://www.snowsoftware.com/int/blog/2018/06/16/what-technology-asset Snow Software]</ref>'''<br />
+== Examples of IT Assets<ref>[https://www.compuquip.com/blog/importance-of-it-asset-management Examples of IT Assets]</ref> ==
-Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both Hardware and [[Software Asset Management (SAM)|Software Asset Management]] was sidelined as [[Cloud Computing|Cloud]] and [[XaaS (Everything as a Service)|XaaS]] increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting the businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.
+The increasing complexity of network systems can make it difficult to distinguish what counts as IT assets. When organizations confined their technology stack to a single data room that hosted internal servers, the distinctions were easy enough to make. Today, however, seemingly every aspect of a business could potentially fall under the broad umbrella of IT assets. With that in mind, here are a few general examples of what companies generally think of when it comes to inventorying and managing IT assets.
 [[File:IT_Assets.jpg|200px|IT Assets]]
 source: Snow Software
-While this model is a good attempt to update the classification from simply ‘hardware’ and ‘software’ it raises several questions that are not easy o answer, and illustrates that any attempt to fix a taxonomy is going to be problematic. These problems are not unique to this model, but simply an illustration of the issues that all organizations are encountering and that many IT asset managers are struggling to resolve:
+While this model is a good attempt to update the classification from simply ‘hardware’ and ‘software’ it raises several questions that are not easy o answer and illustrates that any attempt to fix a taxonomy will be problematic. These problems are not unique to this model but simply an illustration of the issues that all organizations are encountering and that many IT asset managers are struggling to resolve:
-*IT hardware is increasingly difficult to define – once it was [[Server|server]] and [[Desktop|desktop]]. Then additional categories (laptop, mobile) were added. Now we have to take account of [[Internet of Things (IoT)|IoT]] sensors, operational technology, [[Bring Your Own Device (BYOD)|BYOD]] and other challenges. The terms ‘platform’ and ‘edge’ as used in the IoT world may offer us more flexibility for a while, but this leads us on to…
+*IT hardware is increasingly difficult to define – once it was server and desktop. Then additional categories (laptop, mobile) were added. Now we have to consider IoT sensors, operational technology, BYOD, and other challenges. The terms ‘platform’ and ‘edge’ used in the IoT world may offer us more flexibility for a while, but this leads us to…
-*[[Virtual Machine (VM)]] – while these are technically software, they replace hardware, and have hardware-like attributes. They also run on traditional hardware which needs to be managed as such.
+*Virtual Machine (VM) – while these are technically software, they replace hardware and have hardware-like attributes. They also run on traditional hardware, which needs to be managed as such.
-*Likewise cloud services may be considered as replacements for hardware, and they do indeed run on hardware. Private cloud will include a requirement to manage the supporting hardware, while public cloud is more problematic, and management requirements will vary depending on the service provided ([[Infrastructure as a Service (IaaS)|IaaS]], [[Product-as-a-Service (PaaS)|PaaS]], [[Business Process as a Service (BPaaS)|BPaaS], [[Software as a Service (SaaS)|SaaS]]).
+*Likewise, cloud services may be considered replacements for hardware, and they do indeed run on hardware. The private cloud will include a requirement to manage the supporting hardware. In contrast, the public cloud is more problematic, and management requirements will vary depending on the service provided IaaS, PaaS, BPaaS, SaaS).
-*SaaS may be considered an asset service (or possibly a Service Asset in [[ITIL (Information Technology Infrastructure Library)|ITIL]] terms) but many organizations manage it as software under existing [[Software Asset Management (SAM)|SAM]] capabilities.
+*SaaS may be considered an asset service (or possibly a Service Asset in ITIL terms), but many organizations manage it as software under existing SAM capabilities.
-*Digital information is often managed by ITAM (particularly where there are subscriptions to be paid for licenses to use the data) but should probably be considered as a data asset and fall under the remit of Information Asset Management. These subscriptions are not software licenses and although the process for approval payment may be shared, the governance is not.
+*Digital information is often managed by ITAM (particularly where there are subscriptions to be paid for licenses to use the data) but should probably be considered a data asset and fall under the remit of Information Asset Management. These subscriptions are not software licenses, and although the process for approval payment may be shared, the governance is not.
-*IT contracts cover more than just technology assets, and are generally managed by procurement, contract or vendor management. While ITAM needs to know where these are and have access to data needed to manage the assets, the responsibility for managing the contract is beyond the remit of any ITAM function. ITAM systems are not generally suitable for use as contract management systems.
+*IT contracts cover more than technology assets, generally managed by procurement, contract, or vendor management. While ITAM needs to know where these are and have access to data needed to manage the assets, the responsibility for managing the contract is beyond the remit of any ITAM function. ITAM systems are not generally suitable for use as contract management systems.
-*A specific concern with the ISO model is that it calls out the ITAM system and tools themselves as a specific category of assets to be managed (and makes it a large part of the diagram). The data and metadata related to ITAM would normally be considered as data assets, and therefore fall under information asset management, while the technology assets that make up the ITAM solution should be considered as part of their primary asset class and not as something separate.
+*A specific concern with the ISO model is that it calls out the ITAM system and tools themselves as a specific category of assets to be managed (and makes it a large part of the diagram). The data and metadata related to ITAM would normally be considered data assets and therefore fall under information asset management. In contrast, the technology assets that make up the ITAM solution should be considered as part of their primary asset class and not as something separate.
-===See Also===
+== See Also ==
 [[IT Infrastructure]]
 [[Information Technology Architecture]]<br />
@@ Line 35: / Line 46: @@
 [[IT Sourcing (Information Technology Sourcing)]]<br />
 [[IT Management (Information Technology Management)]]<br />
-[[IT Portfolio]]
+[[IT Portfolio]]<br />
-===References===
+== References ==
 <references/>

@@ Line 17: / Line 17: @@
 While this model is a good attempt to update the classification from simply ‘hardware’ and ‘software’ it raises several questions that are not easy o answer, and illustrates that any attempt to fix a taxonomy is going to be problematic. These problems are not unique to this model, but simply an illustration of the issues that all organizations are encountering and that many IT asset managers are struggling to resolve:
 *IT hardware is increasingly difficult to define – once it was [[Server|server]] and [[Desktop|desktop]]. Then additional categories (laptop, mobile) were added. Now we have to take account of [[Internet of Things (IoT)|IoT]] sensors, operational technology, [[Bring Your Own Device (BYOD)|BYOD]] and other challenges. The terms ‘platform’ and ‘edge’ as used in the IoT world may offer us more flexibility for a while, but this leads us on to…
-*[[Virtual Machine|Virtual machines]] – while these are technically software, they replace hardware, and have hardware-like attributes. They also run on traditional hardware which needs to be managed as such.
+*[[Virtual Machine (VM)]] – while these are technically software, they replace hardware, and have hardware-like attributes. They also run on traditional hardware which needs to be managed as such.
 *Likewise cloud services may be considered as replacements for hardware, and they do indeed run on hardware. Private cloud will include a requirement to manage the supporting hardware, while public cloud is more problematic, and management requirements will vary depending on the service provided ([[Infrastructure as a Service (IaaS)|IaaS]], [[Product-as-a-Service (PaaS)|PaaS]], [[Business Process as a Service (BPaaS)|BPaaS], [[Software as a Service (SaaS)|SaaS]]).
 *SaaS may be considered an asset service (or possibly a Service Asset in [[ITIL (Information Technology Infrastructure Library)|ITIL]] terms) but many organizations manage it as software under existing [[Software Asset Management (SAM)|SAM]] capabilities.

@@ Line 1: / Line 1: @@
 An '''IT Asset''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and [[network]] infrastructure. Tracking of IT assets within an [[Information Technology Asset Management (ITAM)|IT Asset Management]] [[system]] can be crucial to the operational or financial success of an enterprise.
-An asset is defined in general dictionaries as something useful or valuable. The task of any IT [[manager]] is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.
+An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.
-The [[Information Technology Asset Management (ITAM)|management of IT assets]] requires well-developed processes and clear policies. IT asset [[management]] software may track physical devices, software instances and licenses, and even the cabinets that house them. Managers should be able to look up warranty and [[vendor]] information and understand how each asset contributes to the environment. Change [[control]] procedures are effective ways to manage upgrades and replacements.
+The management of IT assets requires well-developed processes and clear policies. IT asset management software may track physical devices, software instances and licenses, and even the cabinets that house them. Managers should be able to look up warranty and vendor information and understand how each asset contributes to the environment. Change control procedures are effective ways to manage upgrades and replacements.
-As company property, IT assets are also important for financial managers. From [[procurement]] to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial [[impact]] to the [[business]].<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
+As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
 '''Classifying Types of IT Assets<ref>Why Current IT Asset Classification no longer works [https://www.snowsoftware.com/int/blog/2018/06/16/what-technology-asset Snow Software]</ref>'''<br />
-Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management (SAM)|Software Asset Management]] was sidelined as [[Cloud Computing|Cloud]] and [[XaaS (Everything as a Service)|XaaS]] increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting our businesses that we need to ensure is managed through effective [[Governance|governance]]. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional [[taxonomy]] for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.
+Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both Hardware and [[Software Asset Management (SAM)|Software Asset Management]] was sidelined as [[Cloud Computing|Cloud]] and [[XaaS (Everything as a Service)|XaaS]] increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting the businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.
 [[File:IT_Assets.jpg|200px|IT Assets]]
@@ Line 15: / Line 15: @@
-While this [[model]] is a good attempt to update the classification from simply ‘hardware’ and ‘software’ it raises several questions that are not easy o answer, and illustrates that any attempt to fix a taxonomy is going to be problematic. These problems are not unique to this model, but simply an illustration of the issues that all organizations are encountering and that many IT asset managers are struggling to resolve:
+While this model is a good attempt to update the classification from simply ‘hardware’ and ‘software’ it raises several questions that are not easy o answer, and illustrates that any attempt to fix a taxonomy is going to be problematic. These problems are not unique to this model, but simply an illustration of the issues that all organizations are encountering and that many IT asset managers are struggling to resolve:
-*IT hardware is increasingly difficult to define – once it was [[Server|server]] and [[Desktop|desktop]]. Then additional categories (laptop, mobile) were added. Now we have to take account of [[Internet of Things (IoT)|IoT]] sensors, [[Operational Technology (OT)|operational technology]], [[Bring Your Own Device (BYOD)|BYOD]] and other challenges. The terms ‘platform’ and ‘edge’ as used in the IoT world may offer us more flexibility for a while, but this leads us on to…
+*IT hardware is increasingly difficult to define – once it was [[Server|server]] and [[Desktop|desktop]]. Then additional categories (laptop, mobile) were added. Now we have to take account of [[Internet of Things (IoT)|IoT]] sensors, operational technology, [[Bring Your Own Device (BYOD)|BYOD]] and other challenges. The terms ‘platform’ and ‘edge’ as used in the IoT world may offer us more flexibility for a while, but this leads us on to…
 *[[Virtual Machine|Virtual machines]] – while these are technically software, they replace hardware, and have hardware-like attributes. They also run on traditional hardware which needs to be managed as such.
-*Likewise cloud services may be considered as replacements for hardware, and they do indeed run on hardware. Private cloud will include a [[requirement]] to manage the supporting hardware, while public cloud is more problematic, and management requirements will vary depending on the [[service]] provided ([[Infrastructure as a Service (IaaS)|IaaS]], [[Product-as-a-Service (PaaS)|PaaS]], [[Business Process as a Service (BPaaS)|BPaaS], [[Software as a Service (SaaS)|SaaS]]).
+*Likewise cloud services may be considered as replacements for hardware, and they do indeed run on hardware. Private cloud will include a requirement to manage the supporting hardware, while public cloud is more problematic, and management requirements will vary depending on the service provided ([[Infrastructure as a Service (IaaS)|IaaS]], [[Product-as-a-Service (PaaS)|PaaS]], [[Business Process as a Service (BPaaS)|BPaaS], [[Software as a Service (SaaS)|SaaS]]).
-*SaaS may be considered an asset service (or possibly a Service Asset in [[ITIL (Information Technology Infrastructure Library)|ITIL]] terms) but many [[Organization|organizations]] manage it as software under existing [[Software Asset Management (SAM)|SAM]] capabilities.
+*SaaS may be considered an asset service (or possibly a Service Asset in [[ITIL (Information Technology Infrastructure Library)|ITIL]] terms) but many organizations manage it as software under existing [[Software Asset Management (SAM)|SAM]] capabilities.
-*Digital information is often managed by ITAM (particularly where there are subscriptions to be paid for licenses to use the [[data]]) but should probably be considered as a data asset and fall under the remit of Information [[Asset Management]]. These subscriptions are not software licenses and although the [[process]] for approval payment may be shared, the [[governance]] is not.
+*Digital information is often managed by ITAM (particularly where there are subscriptions to be paid for licenses to use the data) but should probably be considered as a data asset and fall under the remit of Information Asset Management. These subscriptions are not software licenses and although the process for approval payment may be shared, the governance is not.
 *IT contracts cover more than just technology assets, and are generally managed by procurement, contract or vendor management. While ITAM needs to know where these are and have access to data needed to manage the assets, the responsibility for managing the contract is beyond the remit of any ITAM function. ITAM systems are not generally suitable for use as contract management systems.
-*A specific concern with the ISO model is that it calls out the ITAM system and tools themselves as a specific category of assets to be managed (and makes it a large part of the diagram). The [[Data|data]] and [[Metadata|metadata]] related to ITAM would normally be considered as data assets, and therefore fall under information asset management, while the technology assets that make up the ITAM solution should be considered as part of their primary asset class and not as something separate.
+*A specific concern with the ISO model is that it calls out the ITAM system and tools themselves as a specific category of assets to be managed (and makes it a large part of the diagram). The data and metadata related to ITAM would normally be considered as data assets, and therefore fall under information asset management, while the technology assets that make up the ITAM solution should be considered as part of their primary asset class and not as something separate.
 ===See Also===
-[[Information Technology (IT)]]<br />
+[[IT Infrastructure]]
 [[Information Technology Architecture]]<br />
 [[Information Technology Controls (IT Controls)]]<br />
 [[IT Operations (Information Technology Operations)]]<br />
@@ Line 35: / Line 34: @@
 [[Enterprise Architecture]]<br />
 [[IT Sourcing (Information Technology Sourcing)]]<br />
 [[IT Management (Information Technology Management)]]<br />
 [[IT Portfolio]]

← Older revision		Revision as of 12:46, 10 April 2021
Line 1:		Line 1:
−	An '''IT [[Asset]]''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and [[network]] infrastructure. Tracking of IT assets within an [[Information Technology Asset Management (ITAM)\|IT Asset Management]] [[system]] can be crucial to the operational or financial success of an enterprise.	+	An '''IT Asset''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and [[network]] infrastructure. Tracking of IT assets within an [[Information Technology Asset Management (ITAM)\|IT Asset Management]] [[system]] can be crucial to the operational or financial success of an enterprise.

	An asset is defined in general dictionaries as something useful or valuable. The task of any IT [[manager]] is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.		An asset is defined in general dictionaries as something useful or valuable. The task of any IT [[manager]] is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.

@@ Line 1: / Line 1: @@
 An '''IT Asset''' is a piece of software or hardware within an information technology environment. IT assets are integral components of the organization’s systems and network infrastructure. Tracking of IT assets within an [[Information Technology Asset Management (ITAM)|IT Asset Management]] system can be crucial to the operational or financial success of an enterprise.
-An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware breaks down. Software becomes obsolete. And systems lose their effectiveness.
+An asset is defined in general dictionaries as something useful or valuable. The task of any IT manager is to ensure that existing IT assets currently meet those criteria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. [[Hardware]] breaks down. [[Software]] becomes obsolete. And systems lose their effectiveness.
 The [[Information Technology Asset Management (ITAM)|management of IT assets]] requires well-developed processes and clear policies. IT asset management software may track physical devices, software instances and licenses, and even the cabinets that house them. Managers should be able to look up warranty and vendor information and understand how each asset contributes to the environment. Change control procedures are effective ways to manage upgrades and replacements.
@@ Line 8: / Line 8: @@
-Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management (SAM)|Software Asset Management]] was sidelined as [[Cloud Computing|Cloud]] and XaaS increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting our businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.
+'''Classifying Types of IT Assets<ref>Why Current IT Asset Classification no longer works [https://www.snowsoftware.com/int/blog/2018/06/16/what-technology-asset Snow Software]</ref>'''<br />

← Older revision		Revision as of 21:55, 7 January 2020
Line 7:		Line 7:
	As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>		As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>

−	Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center\|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management) was sidelined as Cloud and XaaS increased in significance (initially through hype and eventually in reality).	+
		+	Digital transformation has changed not only the way business works, and the way IT functions. The [[Data Center\|datacenter]] (which had often been in the “too difficult” pile for both [[Hardware]] and [[Software Asset Management (SAM)\|Software Asset Management]] was sidelined as [[Cloud Computing\|Cloud]] and XaaS increased in significance (initially through hype and eventually in reality). Regardless of the debate as to whether something is a hardware asset, software asset, IT asset or technology asset, there is a wide variety of digital technology supporting our businesses that we need to ensure is managed through effective governance. Changes to the way in which technology is delivered mean that traditional asset management taxonomies are no longer fit for purpose. The complexity and limitations of the diagram (below) clearly demonstrate why the traditional taxonomy for classifying ‘IT’ assets no longer work. While this is a good attempt at building a mechanism for defining what assets fall within ITAM’s remit, it still leaves us with the problem of a fixed taxonomy that risks becoming irrelevant as new technologies are developed.

← Older revision		Revision as of 16:44, 7 January 2020
Line 6:		Line 6:

	As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>		As company property, IT assets are also important for financial managers. From procurement to operations to disposal, each asset comes with a cost. The decision to remove, replace or upgrade an IT asset must be done with a full understanding of any financial impact to the business.<ref>Definition - What Does IT Asset or Information Technology Asset Mean? [https://www.techopedia.com/definition/16946/it-asset Techopedia]</ref>
		+
		+
		+	===See Also===
		+	[[Information Technology (IT)]]<br />
		+	[[Information Technology Architecture]]<br />
		+	[[Information Technology Asset Management (ITAM)]]<br />
		+	[[Information Technology Controls (IT Controls)]]<br />
		+	[[IT Operations (Information Technology Operations)]]<br />
		+	[[IT Strategy (Information Technology Strategy)]]<br />
		+	[[IT Governance]]<br />
		+	[[Enterprise Architecture]]<br />
		+	[[IT Sourcing (Information Technology Sourcing)]]<br />
		+	[[IT Infrastructure]]<br />
		+	[[IT Management (Information Technology Management)]]<br />
		+	[[IT Portfolio]]
		+
		+
		+	===References===
		+	<references/>