![]() Organizations often withdraw outdated hardware as it reaches its end of life and welcome new equipment to the network. Incoming and outgoing assets need to be tracked and accounted for If you don’t have a clear visibility of all the assets on your network (including the data you hold about your clients), how can you ensure that you are storing them properly? Without an IT inventory management, you may face compliance violations and pay fines. Industry regulations require you to have a comprehensive hardware asset management process. IT asset management is crucial to comply with regulations Using inventory management software open source can ensure that you fix device issues immediately to ensure business continuity. The lack of a solid map on your network infrastructure makes it tricky to know what your network’s points of failure are. This will allow employees and clients to get the resources they need from your IT assets whenever they need them. ![]() Redundancy is critical if you want to have a stable and reliable network. Tracking asset life cycles using inventory management software open source will give you an idea when to upgrade or replace obsolete solutions. These assets are integral to your business and any slowdowns or issues could disrupt your operations or negatively influence user experience. Take this scenario for example: you have outdated equipment or unsupported software on the network. Without knowing what assets are available to your employees, you are affecting the workflow of your company. Keeping your systems up to date could prevent disasters from happening. What if there are weak points in your network and you overlooked them? By tracking your IT assets using inventory management software open source, you are able to see the performance of your tools and devices, and upgrade them when necessary. If you do not monitor hardware and software assets regularly, you are opening a gateway for cybercriminals. Failure to manage assets properly can make you vulnerable to cyber-threats Here are some of the reasons why you should implement this strategy in your company now. Using inventory management software open source will help you avoid the pitfalls of organizing your assets. ![]() Reasons Why Inventory Management Software Open Source is Important Most companies see digital data as key IT assets, which has to be valued, managed, and maintained throughout its lifecycle. However, it doesn’t include employee-owned devices. Company-Owned DevicesĬomputers, laptops, tablets, and other hardware devices that are utilized within the company’s IT network are considered assets. These are leasing agreements that enable you to use third-party infrastructure like data centers. This includes software licenses that a company has procured for the organization. These programs may either be cloud-based or stand-alone. These are applications coded or designed by internal software developers, and are wholly owned by the company.
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