Are Poor Network Asset Inventory Management Practices Pillaging Your Profits?

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Are Poor Network Asset Inventory Management Practices Pillaging Your Profits?

Poor Network Asset Inventory Management Practices Pillaging Your Profits?  According to InformationWeek’s article, http://www.informationweek.com/software/7-ways-to-cut-data-center-costs-gartner/d/d-id/1080448, Gartner research VP Rakesh Kumar, made the bold claim that the number one way to cut data center costs is to identify, review and rationalize all hardware.

Photo Of Throwing Money Out The Window: Poor Network Asset Inventory Management Practices Pillaging Your ProfitsObviously, in order to rationalize it, you have to know about it.  The truth is, most companies today still don’t have an integrated, comprehensive and accurate Asset Inventory Management System.  Now that’s not to say that they don’t have Asset Inventory Systems, many do…several, in fact.  It’s very common to find companies with three or four separate Asset Inventory Systems with manually entered, overlapping, gaping, and un-reconciled inventory.  Not to mention the spreadsheets, the SharePoint list and the copy in your ticketing system.  We recently worked with a client who had as many as 12 systems with asset inventories.  This is more dangerous than you might think.  Missing, double or triple counting, slow response to system failures, multiple versions of the truth, expensive manual data entry and reconciliation all cost time and money that you can’t afford.

As far back as June of 2002, Gartner was touting the dangers of just how much poor asset management affects your bottom line.  This article in Computer Weekly, http://www.computerweekly.com/news/2240046134/Gartner-poor-asset-management-will-cost-you-dear  highlighted the issue and it’s every bit as true today as it was back then.

The cost of poor Network Asset Inventory Management has significant consequences on companies both big and small.  These include:

  • Inefficiencies In The Use Of Existing Computing And Network Resources
  • Unnecessary License, Maintenance And Support Spend
  • Unnecessary Purchases Due To Inability To Reallocate/Repurpose Underutilized Assets
  • Security Issues As Unsanctioned Or Out Of Compliance Devices Remain Active And Vulnerable On Your Back Office Network
  • Outages Due To Unexpected/Unknown Interdependencies And The Resulting Poor Customer Experience
  • High Cost Of Periodic Manual True-Up And Correction Projects

So what can be done about it?  There are three steps you can take which have a profound impact on the quality of your network asset inventory:

Centralize:

Bring the data from all of your asset inventory source systems together into one, fully correlated, centralized system of record.

Consolidate:

Eliminate redundant and unnecessary asset inventory source systems.  Less is more.

Automate:

Convert all source systems to discovery based systems and eliminate all manual entry. Put policy based asset onboarding, monitoring and decommissioning processes in place.  Fully automate the centralized correlation including automated trend reporting and KPI monitoring.

Are Poor Network Asset Inventory Management Practices Pillaging Your Profits?  Getting it right is more important than you might think.  Prevent poor Network Asset Inventory Management practices from pillaging your profits.  Get started today, it is a journey but not as long as you might think, the destination pays off.

Eric Masur is the CTO of PreClarity Inc.  PreClarity’s products include the Network Asset Inventory Analysis System.  Check it out at http://www.preclarity.com/network-asset-inventory-analysis.