Benefits Of Iso/iec 19770-1 It Asset Management

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ISO/IEC 19770-1 is a framework of IT Asset Management procedures to allow an organization to prove that it is execution software asset management to a standard enough to satisfy corporate governance requirements and confirm effective support for IT asset management complete. ISO/IEC 19770-1 is associated to Service Management and covers 27 process areas, with objectives and detailed conclusions defined for each. The standard also advocates a tier-based approach to permit organizations to adopt IT Asset Management processes that are appropriate to the requirements and size of the organization.
IT Asset Management allows every organization to decrease its risk associated with the over or under buying of software assets, but also works to confirm the security of those assets through effective tracking and support of the asset throughout the whole software and IT lifecycle. The standard is also appropriately broad enough for it to be applied in a variation of technological environments, including cloud-based computing.
The ISO/IEC 19770-1:2017 specifies requirements for an IT asset management system (ITAM), which addresses ...
... both the procedures and technology for managing software assets and related IT assets. It belongs to the IT and Software industries of any size of the organization and can be joined with the other management systems. ISO 19770 documents and training kit helpful for the implementation of IT asset management from the necessities of the standard in IT organizations. ISO 19770 documents covers a complete set of mandatory and supporting documentation, guidance on ISO 19770, and readymade templates to accelerate documentation procedure that supports execution for quick ISO 19770 certification.
Benefits:
Organizations depend on software and other IT assets to effectively run their business. They rely on technology to communicate with clients and partners, to track their business plans and finances and remain competitive with their peers. Given this heavy reliance, and fact that software is licensed and not sold, it is important to organizations to properly manage those assets strategically while confirming installation and use of those licenses are legal. The necessity to be legal is particularly important given that software vendors are known to regularly audit their customers to confirm compliance with applicable terms of the license contract. Also, ITAM/SAM is regularly performed by a mixture of automated and manual means even in sizable organizations. The manual component is labour intensive and cannot measure to support modern distributed enterprises. However, by providing a mutual standard to which all organizations can adapt, even if the management of licenses can be labour intensive, organizations can advantage from processes such as the recycling of existing licenses within an organization, thus saving organizations money.
• End-user Organizations:
The benefits to end-user organizations are many. The current Information Technology Asset Management (ITAM) & Software Asset Management (SAM) markets are dominated by some vendor-specific approaches for licensing, license management and asset optimization. Each method is unique and employs its terminology. While this method may foster innovation, it also results in a software customer being required to deal with each of those vendors on a separate basis, which leads to significant inefficiencies and prevents easy comparisons. Accepting ISO 19770-1 can go some way to limiting these inefficiencies and permitting comparisons due to an internationally-recognized framework for accepting and applying IT Asset Management. This process standard permits for standardization in IT asset management by allowing for a common, standardized, and measurable approach. But the standard simultaneously permits organizations to adopt a flexible applied to ITAM through its tier-based approach. It is beneficial for every organization looking to confirm maximum value from IT assets while reducing a variety of IT-related risk, including security-related risks. Having a standardized approach also agrees for certification which will be useful for confirming partners and potential partners have these processes in place – reducing risk.
• SAM practitioners:
Similar to end-user organizations, the process framework allows those executing Software Asset Management a common, globally recognized, approach to effective software asset management. The 27 process areas covered become the ‘implementation plan’ for the SAM practitioner, but simultaneously permit SAM experts to design and implement a SAM framework that is best suitable to clients and their requirements.