Information Technology Asset Management
Information Technology Asset Management is the practice dedicated to saving money on outdated or duplicate software licenses. You might have a saving of 30% buried in your company. Who can dig out that saving? Our guest Jeremy Boerger.
Summary of the Podcast
Introductions and small talk
- The participants, Jeremy Boerger, Kevin Appleby, and Graham Arrowsmith, engage in some initial small talk about locations, conferences, and sports teams.
- They establish that Jeremy is an expert in IT asset management based in Cincinnati, Ohio.
The value of Information technology asset management
- Jeremy explains that his specialty is hardware and software asset management.
- His aim is to reduce the total cost of operating a company’s IT infrastructure.
- He cites a Gartner study estimating that companies can save 28-32% on their IT budgets by implementing proper asset management practices.
Case study: Saving a hospital $1.5 million
- Jeremy shares a case study of a hospital that was able to reduce its Office 365 software license costs.
- He saved them a staggering $1.5 million over 3 years by closely analysing usage and optimising their license agreements.
The shift to subscription-based software
- The discussion turns to the challenges of managing subscription-based software.
- Companies often continue paying for unused or redundant tools.
- Kevin and Jeremy discuss the tendency for companies to be hesitant to review and optimise their software portfolios.
Applying AI and automation to asset management
- Jeremy suggests that asset management teams should leverage AI.
- He also recommends using data analytics to become a “digital twin” of the computing environment.
- This automatically monitors usage patterns and identifies optimisation opportunities.
Recap and next steps
- The participants wrap up the discussion, with Graham expressing interest in having Jeremy provide consulting services.
- Jeremy provides his contact information.
- He offers to provide free consulting to help companies get started on optimising their software costs.
Clips from the Podcast
Reducing the Cost of Operation
2016 Study by Gartner
Hospital Saves a Wing’s Worth
Testimonial from Jeremy Boerger
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The Next 100 Days Podcast Co-Hosts
Graham Arrowsmith
Graham is “The High Net Worth Data Guy” who founded Finely Fettled to help business owners and marketers market to affluent and high-net-worth customers. Now get all-inclusive affluent direct mail campaigns combining A lister copy, design, print and postage for £599+vat, without the DIY hassle. Find Graham on LinkedIn.
Kevin Appleby
Kevin specialises in finance transformation and implementing business change. He’s the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com