To control the complexity of software licensing and compliance audits
IBM has unveiled a new IT Asset Management software to help companies manage the costs brought on by the proliferation of IT assets such as mobile devices, laptops, printers, switches, sensors and billions of interconnected devices. According to the company, the software also helps control the complexity of software licensing, and increased pace of compliance audits.
IBM said that its IT Asset Management software allows business users to track and manage IT assets to help companies discover and eliminate overlapping and unnecessary IT costs. In addition, the software also helps mitigate legal and financial risks by supporting regulatory and compliance requirements such as Sarbanes-Oxley.
The software offers special features focused on asset lifecycle management, software license management and audit readiness. These attributes help companies find and manage software inventory, and determine how and when software is used.
This data is then linked to inventory, contract and procurement information, allowing companies to identify over- or under-licensing, which helps mitigate compliance risks and reduce IT costs, the company said.
IBM claims that the new software is designed to help enterprises gain a deeper visibility into the lifecycle of an IT asset – from planning to acquisition, deployment, management and retirement, which helps to maximise lifetime productive value of IT assets while helping organisations reduce IT costs, improve service, and align IT with business requirements.
Lorraine Herger, director of architecture and strategy for IBM CIO Global Infrastructure, said: “By gaining greater visibility, control and automation of our IT assets, we expect to realise nearly $5m in savings annually.”