Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Asset Management Tools Help Identify and Manage Trends and Costs, Says META Group

  • 14 November, 2003 14:37

<p>FOR IMMEDIATE RELEASE</p>
<p>Asset Management Tools Help Identify and Manage Trends and Costs, Says META Group
New Asset Portfolio Management Tools Evaluation Report Released Today</p>
<p>Sydney, Australia (November 14, 2003) — META Group, Inc. (Nasdaq: METG) today announced the availability of its newest METAspectrumSM In Depth report, covering the asset portfolio management tool market. This market is bounded by the ability to aggregate information related to managing IT assets, while enabling users to understand and manage the cost and inventory of their IT assets. META Group expects this market to continue growing for the next three to five years.
“The ability to comprehend, improve, and communicate IT value depends on the ability to understand and manage the cost of IT,” said William Snyder, program director with META Group’s Technology Research Services and lead author of the report. “Asset portfolio management tools are a focal point for identifying and managing IT trends and costs, which is a precursor to improving costs and defining value.”</p>
<p>The combination of asset management and configuration repositories will be fueled by the desire to improve overall consistency and efficiency in terms of data accuracy. The ultimate result is that such combined repositories will provide a backbone for increased IT business efficiency. The impact to asset portfolio management vendors will be either an increase in visibility and importance within IT organisations (ITOs) or relegation to point solution status at a commodity price.
“It is important for ITOs choosing one of these products to understand the importance of asset management tools and processes in the strategic ITO picture,” added Snyder. “Understanding these requirements leads to a more appropriate tool selection to support near- and long-term requirements.”
Key Findings and Guidance
The Asset Portfolio Management Tools report evaluates eight vendors in this market, which is moving into two distinct categories. While most of the tools have had some basis in solving a point problem (e.g., help desk, mainframe software costs), the increasing integration of these tools with enterprise-level tools (e.g., portfolio management, SLA) is separating vendors into those selling either inexpensive tools that meet some basic asset management feature/functionality level or tools that support decisions on an ITO-wide basis. The analysis also found:
• Leaders have demonstrated an understanding of the market’s dynamics and have the ability to deliver enterprisewide solutions that are positioned to support larger initiatives.
• Challengers have a strategy that takes into account the larger picture, but are limited by tool feature/functionality, resources, or gaps in strategy that inhibit their ability to understand and/or deliver enterprise solutions.
• Followers are characterised by having good feature/functionality, but primarily focus on asset management as a point solution product.</p>
<p>About the Report
Providing comprehensive, side-by-side vendor comparisons and research, META Group’s Asset Portfolio Management Tools METAspectrumSM In Depth report helps users evaluate the overall performance of IT vendors and their competitive market position as well as compare and contrast the strengths and limitations of each vendor’s product offerings. The evaluation is based on META Group’s METAspectrum methodology, which provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the decision process, and enables more effective technology investments. To learn more about
META Group’s METAspectrumSM In Depth reports or the METAspectrum methodology, visit metagroup.com or call META Group on 61 2 9290 8688</p>
<p>About META Group
META Group is a leading provider of information technology research, advisory services, and strategic consulting. Delivering objective and actionable guidance, META Group’s experienced analysts and consultants are trusted advisors to IT and business executives around the world. Our unique collaborative models and dedicated customer service help clients be more efficient, effective, and timely in their use of IT to achieve their business goals. Visit metagroup.com for more details on our high-value approach.</p>
<p>EDITORIAL CONTACTS
Kirsten Davey
Markom Marketing
+61-2-9977-8922
kirstendavey@markom.com.au</p>
<p>Peter Carr, General Manager
META Group
+61-2-9290-8659
peter.carr@metagroup.com</p>

Most Popular

Editor's Recommendations

Solution Centres

Events

View all events Submit your own security event

Latest Videos

More videos

Blog Posts

Media Release

More media release