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The evolving role of IT Asset Management, IT Financial Management and IT Procurement
By Alexa Bona, research vice president at Gartner, and chair of the Gartner IT Financial, Procurement & Asset Management Summit 2011.
G
artner is to hold an IT Financial, Procurement & Asset
Management Summit in London from 28 to 29 September 2011. Gartner sees cost optimisation
still at the top of many CIOs’ agendas. As most organisations have already achieved cost savings over the past two years, they now need a more thorough understanding of assets, costs and cost variables to succeed. IT asset management (ITAM), procurement and vendor management are well positioned to help IT organisations – and the businesses they support – identify and optimise both near- and long-term costs.
Beyond cost optimisation efforts, business initiatives around Cloud-sourcing, and the macroeconomic impact of Cloud on incumbent vendors will profoundly challenge IT asset management, sourcing, procurement and vendor management executives. Over the next five years, we believe that total enterprise spending on Software as a Service (SaaS), Platform as a Service (PaaS), and infrastructure as a service (IaaS) combined will reach US$112 billion. The availability of simple and appealing pricing models for these industrialised services will put significant pressure on IT organisations that cannot quickly provide comparative price and cost data.
Running the business of IT, optimising IT costs, providing realistic comparative analysis and thoroughly assessing Cloud's suitability for an organisation requires an intimate and accurate knowledge of existing IT assets and their costs throughout the life cycle, a job that heavily relies on ITAM information, sophisticated procurement techniques and effective vendor management.
Finding the answers The Gartner IT Financial, Procurement & Asset
www.logisticsit.com
Management Summit 2011 will address this evolution to find the answers to the latest market trends; including how to reduce long- term IT costs, better manage software costs, mitigate the impact of increasing software audits and understand the financial impact of rapidly changing licensing and contracting models. This inaugural event for EMEA gives practical advice to help ITAM and IT procurement professionals prepare for the impact of new IT trends like virtualisation, cloud and software as a service, which will fundamentally change the way they do their jobs. The summit creates a setting for the IT financial, procurement and asset management community to connect and share ideas, experiences and best practices on topics such as effective cost-savings strategies, how to negotiate more-effective contracts with strategic suppliers like IBM, Microsoft, Oracle, SAP, VMware and others. We evaluate ITAM strategies, asset life cycle management, vendor management, cloud computing and more.
The summit focuses on the three key components to understanding the value of IT: financial management, procurement and asset management. By understanding costs, IT organisations can put a business face on IT services, illustrating the value of IT. This includes how to better manage IT costs, the financial impact of IT decisions, how to negotiate with software vendors and how to better prepare for a software audit.
Over two days, 12 Gartner analysts, guest speakers and end-users will deliver 50 presentations, workshops and roundtable discussions in parallel to a show floor featuring some of the world’s leading ITAM, IT procurement and IT financial management technology and solution providers. Hot topics include containing long-term IT costs; challenging negotiations with strategic software suppliers, how to prepare for and
manage vendor audits, how to develop sustainable asset management programmes; and assessing the impact of new IT trends on IT procurement and ITAM. Special guest speakers include:
• Rob Geraghty, founder of The Wow Factor, and Nisha Pillai, BBC World News presenter, who will present ‘Networking With Ease’ and ‘Getting Your Message Across – Bridging the Gap Between IT and Business’.
• Louise McCarthy, finance director for CIO’s Portfolio from HM Revenue & Customs, who will explain how HMRC has been able to cut costs by £24 million through ITAM and IT financial management.
This summit resonates with the current uncertain economic environment which makes strong financial control a keen area of interest and concern for executive management. Effective ITAM enables organisations to produce a visible and dependable account of IT asset costs and risks. The flow of asset management cost and financial information up into IT financial management programs enables CIOs to make IT sourcing funding and architectural decisions from a business perspective.
ITAM is increasingly looked to not just for the ‘what’ of IT costs, but the ‘why’. CIOs who successfully execute ITAM as a discipline have typically achieved 30 per cent cost savings in the first year and at least 5 per cent cost savings in each of the subsequent five years. Given that software and hardware spending often account for 20 per cent of an IT budget this is a crucial discipline to master. ITAM can also significantly reduce the compliance risks associated with the recent increase in software audits.
July 2011
MANUFACTURING &LOGISTICS
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