Challenge #3: Demonstrating the value of ITAM
Demonstrating the value of ITAM is one of the biggest concerns facing managers. Senior management can sometimes perceive ITAM as a purely administrative function that does not affect the profit or operations of the IT organization. This can be a consequence of an outdated view of ITAM as keeping inventory of assets in an Excel spreadsheet.
To demonstrate the real, economic value of ITAM you can track ITAM spending and achievements over time. Done correctly you will be able to capture the large savings and benefits of implementing an ITAM solution.
Make sure that the valuable information that you collect is presented to senior management and other relevant stakeholders so that it is not done in vain. Being able to remove even 30 unused licences due to your ITAM procedures can translate into significant savings and which will be valuable to senior management.