Asset Lifecycle

Asset Lifecycle Management, for Software and Hardware, needs to be discussed more in our industry.

Yes, the ITAM and ITSM tools give us a lifecycle workflow, but we must vtively manage the lifecycle to ensure we treat assets as investments … which is what they are.

For example, we need defined processes for onboarding and decommissioning assets. Neither are innate to the tools.

Without both, you cannot manage the lifecycle.

We should also know the status of each asset, location, user/s, and much more, including when it is to be replaced or upgraded.