Asset Lifecycle Management

Asset Lifecycle Management - Hardware/Software

Planned lifecycle management aims to avoid situations in which unnecessary investments are made in technologies that do not meet the real needs of the business or which are over-dimensioned, or by contrast, to avoid situations in which productivity is undermined by a shortage of investment or inefficient use of the existing technology.

Both scenarios frequently arise and can often be found coexisting in a single organization. Managers, customers and computer personnel often struggle to stretch the IT budget choosing the wrong option based on price alone.

Blue Chip are here to qualify the perception that "capacity is cheap", but only when utilized efficiently. Although, as a result of the falling cost of computer hardware and application software the initial cost of increasing capacity may not be very great, administering and maintaining disproportionate infrastructure can be very costly in the long term.

The main benefits of good efficient lifecycle management are:

  • The performance of IT resources is optimized when required.
  • The necessary capacity is available when it is needed because of growth forecasts, avoiding a negative impact on quality of service.
  • Unnecessary expenses caused by "last minute" purchases are avoided.
  • Growth of the infrastructure is plannedtogether with real business needs.
  • The cost of maintenance and administration associated with obsolete or unnecessary hardware and applications are eliminated.
  • Possible incompatibilities and faults in the IT infrastructure are reduced.

In summary - the management of purchases and maintenance of IT services is rationalized, with the consequent reduction in costs and an increase in performance.

Implementing the correct IT asset lifecycle management policy can also run into serious difficulties, such as:

  • Insufficient information for realistic future planning.
  • Unrealistic expectations about the cost savings and improvements in performance.
  • Inadequate resources to monitor performance properly.
  • Distributed and excessively complex IT infrastructure making access to data difficult.

Rapid technological change makes it necessary to continuously review the plans and growth forecasts. Correct asset lifecycle management will maintain service levels and availability while significantly reducing your IT costs.