IT Asset Lifecycle Management Software Addresses Increased Security Risks


The cybersecurity products and services market is booming. Our universe is becoming more data-driven. With that evolution comes the need for the kind of increased security that IT asset management software can help provide.

IT Managers Can Reduce Vulnerabilities

One cause of IT security vulnerability is the failure to maintain those IT assets regularly and adequately. They require routine updates and service to run efficiently. Unfortunately, many companies fail to keep up with that maintenance, and for several reasons. 

  1. Employees are busy putting out fires, and IT asset updates can very easily be forgotten. 
  2. Asset monitoring procedures are not always well defined. If the company in question is relying on a manual system of IT asset lifecycle management, employees are likely to overlook maintenance schedules. Under such conditions, IT assets may even fall through the cracks and go missing and unreported. Companies with poor IT asset tracking standards may even discover months down the road that they’ve been paying insurance on “ghost assets” or assets that aren’t even in their inventory anymore.

When IT assets aren’t properly maintained, they slow down, which affects employee productivity. Those assets may break down and require expensive major overhauls or even replacement. Slow-moving IT equipment can leave organizations more at risk for the kind of security breaches described above.

IT asset lifecycle management software effectively outsources the task of IT tracking and management to an automated platform that eliminates the risk of human error and oversight. Unlike manual asset tracking, which often results in employees having to hunt throughout the office for the assets they need, IT asset lifecycle management software centralizes asset data in a single, secure and easy-to-access location.

Users may set up custom notifications and alerts so they never miss key maintenance on their IT assets. They may also establish custom security settings based on role, department or location, for example. Asset audits, which may be run through IT asset lifecycle management software, enable companies to determine the assets they have and where those items are located. That knowledge eliminates the guesswork that results in duplicate items and waste and makes equipment refresh schedules easier to create.

Increased transparency also helps promote accountability. At any given time, employees know who has a particular asset, where that item is located, and its condition. They can access the IT asset’s complete maintenance history, lease/purchase information, warranty, insurance policy and depreciation, among other pertinent details.

A Simple Approach to IT Asset Lifecycle Management

Asset Panda makes IT asset lifecycle management incredibly simple with a free app that houses all of your data and a built-in barcode scanner, eliminating the need for additional hardware. Because it syncs with the cloud, Asset Panda’s platform delivers real-time data 24 hours a day from your smartphone or tablet.

The Asset Panda software is perfectly suited to help companies manage and update their estate of IT assets to help compliance with the standard or with any other information security process.

Protect your IT assets, your security and your reputation with Asset Panda’s intuitive, customizable IT asset management software. Give Asset Panda a try with a free 14-day trial (no card required)!


Courtney Roush

Courtney Roush is a freelance writer, editor, and communications strategist with 25 years of experience. Her favorite discipline is crisis communications – and it’s a highly relevant one in our present times.

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