Recognize The Useful Actions To Implement The Iso 19770 Itam Standard In The Organization

By Author: john
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Unquestionably, software tools are a crucial element of modern business. The largest companies occasionally oversee more than 1,000 software publishers, and the majority of IT expenses are spent on software. Organizations are showing a renewed interest in setting up efficient software asset management as a result of the increase in software consumption (SAM). SAM assists in managing security, minimizing IT expenses, and preparing organizations to adopt emerging technologies that will foster corporate expansion. The IT asset management (ITAM) standard, ISO/IEC 19770-1, was initially created in 2006 and most recently updated in 2017. It includes best practices and principles to assist firms to take an organized approach to SAM that supports company goals.

By itself, the adoption of an ISO standard for ITAM proved the value and widespread acceptance of ITAM as a crucial IT asset. Many ITAM/SAM systems lack adequate funding, work in isolation, or, if they do exist at all, are only capable of performing a few tactical tasks like audit defense. However, when properly implemented, effective ITAM/SAM serves as the cornerstone ...
... for both robust IT security and several cost-saving strategies.

The ISO 19770 ITAM Standards Committee provides an excellent platform for worldwide specialists to exchange ideas and bring ITAM best practices to the top. The ISO/IEC ITAM standards, at their heart, offer worldwide businesses with:

• All ITAM practitioners and stakeholders must use the same global terminology.
• Best practices for an organization's ITAM role based on a management system framework;
• A popular "measuring tool" for businesses' ITAM maturity;
• A common file structure for capturing and exchanging ITAM-related data among software publishers, SAM tool manufacturers, end-user organizations, and service providers;
• A knowledge of ITAM's basic identity in support of other IT tasks as well as other standards, governance frameworks, and administrative regulations that rely on ITAM.

The ISO/IEC 19770-1 standard is the result of numerous organizations' experiences and represents tried-and-true approaches to SAM/ITAM. SAM can result in double-digit reductions in an organization's annual software spend when done correctly. Ron told us about a Fortune 50 company that obtained a thirty percent cost savings on their software spending as a result of their SAM program. These cost savings are achievable through optimizing software spend, eliminating shelf-ware, and negotiating with software vendors from a position of knowledge. Benefits of risk mitigation include guaranteeing software license compliance, avoiding audit surprises and unnecessary expenditures, and having greater control over IT assets. Introducing ITAM best practices to your organization via ISO/IEC 19770-1 allows you to stay ahead of the competition, making your business more flexible, compliant, and successful. Here are 4 useful actions to get you started:

• Recognize how SAM can assist in achieving better company results: The SAM team needs to lead this from the highest organizational objectives and be cross-functional (for example, with information security, procurement, finance, IT service management, enterprise architecture, cloud, and others). In the modern world, where SAM is no longer a solitary operational technique, this is consistent with what has been observed in the environments of our clients. It involves showcasing a cohesive strategy and generating value for the whole value chain of the firm. To assist the SAM team in increasing the quality of the software asset management practice with wider business stakeholders, greater insight into the present state and operating model should be obtained once objectives and business results have been established.

• Get visibility into your IT assets: Use a staged strategy and begin with the easiest targets. Define the boundaries of your IT estate and asset scoping (for instance, prioritize based on a number of variables, such as contract types, high-risk metrics, and renewal timescale), examine your "as-is" or what's commonly referred to as the baseline position, and consider the methods used to prepare key management information in order to generate actionable insights.

• Increase operations control of the assets: Examine how well the processes are managing the asset lifecycle. In actuality, a lot of businesses have a system in place for keeping track of the fundamentals of software assets. Sometimes internal processes that have been established in advance cause the software and hardware lifecycles to be maintained separately. Also, the ISO 19770 documents help to comprehend the required operations control. The corporation will achieve efficiency and cost-effectiveness in its IT operations by properly managing the software asset.

• Getting to the total cost of ownership: Implement optimization in stages. Without having a complete understanding of what they owned across the company and how it was handled, I've seen companies try to accomplish this right away. Numerous methods and formats exist for optimization. Some people might begin with contract optimization, while others might start by looking at the discovery data and forecasting usage. The secret to optimization is complete transparency of consumption data to support cost savings and cost reduction.