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CW+: Roundtable: Managing IT assets and tracking total cost of ownership
Analyst firm, Gartner Research has established that most IT departments spend 80 percent of their budget keeping the lights on, routinely maintaining their day-to-day operations, leaving only a fifth of their IT spend still available for adding value and delivering innovation to the business.
This 80:20 rule is a hard habit to break for many organisations. Those that do manage to free themselves out of their 80:20 shackles and take that ratio closer to 70:30 by managing assets more effectively are the ones that are gaining a competitive advantage.
Keeping track of IT assets is a necessary but tedious bureaucratic chore that most organisations would rather avoid. Yet given the critical importance of IT assets to the business, effective resource tracking is a task that can’t be avoided.