IT Finance Analyst Research

IT Finance Research

Asset management in its traditional sense is being swept up in the cultural and maturity changes as IT moves to a service-based management paradigm. Driven by budget and governance concerns, the trio of financial, asset, and service management are intersecting to deliver "next-generation asset management (NGAM)" – providing IT financial visibility for both assets and services. Conventional IT asset management (ITAM) functions such as tracking inventory details, software license management, and asset disposal are all critical now and in the future as companies are driven to maximize resources.

As early as 2004, EMA analysts saw the dynamics of ITAM evolving as IT moved to support the growing service and financial transparency needs of the business. Services cannot be defined or supported without underlying assets; capital and operational expenses are directly linked; and the ability to charge back for usage and anticipate demand can only be accomplished through these connections. Enterprise Management Associates ‘expertise in this area serves both IT organizations seeking to add bottom-line value to their companies and the vendors working to support them.