Tracking hardware assets across their lifecycle has always been challenging for enterprise IT, but with a growing number of mobile devices, assets distributed across data centers and end user’s homes, and the rise of edge connected devices supporting digitalization efforts, IT asset lifecycle management (ITALM) is becoming impossible to manage with outdated, manual processes.
If teams don’t know where assets are, how can they manage or secure them? Device firmware and applications must be updated and patched or organizations run the risk of ransomware and other cyberattacks by hackers who are adept at using software flaws to their advantage. For healthcare, finance, and other highly regulated industries, cyberattacks and leaks can lead to big fines. To prove regulatory compliance, IT must maintain accurate records of ITALM activities.
In addition to data security issues, as costs continue to rise and supply chains remain disrupted, it’s becoming more important to tag assets to reduce the cost and impact to productivity through asset loss.
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There are several types of asset location service solutions that can help with this, including:
For those with complex requirements, it’s common to deploy several systems. Unfortunately, different sensor technologies do not always work together and even when they do, location information must be enriched with asset intelligence to properly understand the risk of a mislocated asset. Automation must then be applied to notify stakeholders, act on the information, track location progress, and mitigate associated risks.
By implementing a digital platform conductor (DPC), you can integrate location service solutions with the broader capabilities of automated asset lifecycle management. These capabilities include integrating different sensor technologies and systems, tracking assets from shipping to deployment, updating inventory to reflect asset availability, recording information about users and associated applications, updating device maintenance records, and orchestrating decommissioning and disposal.
Using a DPC you can:
ReadyWorks is a digital platform conductor. Book a demo to understand how to automate asset tracking and seamlessly integrate data from location services solutions within your ITALM program for better decision-making and cost control, and to enhance security and compliance.