Q: What is Application Portfolio Management (APM)?
A: Using APM, organizations can optimize their application landscape by identifying which applications offer the most value and which ones are underused or redundant. By aligning application use with business goals, APM drives operational efficiency by making the best use of each application. It also helps to minimize security threats and compliance risks.
Business value:
- Cost savings
- Efficiency
- Innovation
- Risk management
Q: What is a Configuration Management Database (CMDB)?
A: A CMDB is a central repository that stores information – known as configuration items (CIs) – about every hardware and software asset in your IT environment. Using a CMDB, IT managers have a detailed view of all IT assets that helps them to map dependencies, predict the effect of changes and identify assets that need replacing or no longer deliver value. A CMDB can improve core ITSM practices such as change, incident and problem management. It can also help with allocating IT billing statements and managing IT finance.
Business value:
- Improved operations
- Improved planning
- IT and finance insights
- Risk management
Q: What is IT Asset Management (ITAM)?
A: ITAM is a system for managing an organization’s hardware and software assets throughout their entire lifecycle, from initial procurement to usage to retirement and disposal. Strong ITAM practices can have a significant impact on reducing IT spend – large organizations can achieve substantial savings of seven figures or more. ITAM also provides essential workflows and automation to support other IT management disciplines, including APM, ITOM, ITSM and more.
Business value:
- Cost savings
- Full lifecycle management
- Streamlined workflows
Q: What is IT Operations Management (ITOM)?
A: Organizations use ITOM to manage the operational aspects of their IT environment, including desktops, servers and mobile devices; networking devices and applications; and operations such as user account management, backups and incident response. ITOM is aimed at ensuring efficient and cost-effective business operations and can improve operational efficiencies and outcomes by up to 35%. It also works to improve the quality and experience of how IT is delivered. In addition, it makes business operations more cost effective by improving service delivery – for example, by eliminating human error. ITOM can also improve decision making by up to 40% by consolidating multiple data sources, tools and applications into a single repository.
Business value:
- Cost savings
- Efficiency
- Single source of truth
Q: What is IT Service Management (ITSM)?
A: ITSM is the set of practices used to manage end-to-end delivery of IT as a service. It focuses on meeting the IT needs of end users across an organization to help the business achieve its goals. For example, ITSM guides organizations on how to fulfil service desk or support requests and how to manage change in the IT environment. ITSM provides tools, processes and workflow insights to help IT teams improve costs, efficiency and productivity.
Business value:
- Cost savings
- End-user experience
- Productivity
Q: What is Service Portfolio Management (SPM)?
A: SPM describes the strategic management process that organizations use to define, structure and manage their internal IT services, ensuring they are aligned with business objectives. Using SPM, organizations can gain valuable insights to improve the efficiency and efficacy of their IT services. This helps to develop IT services that offer greater value, support business growth, and improve return on investment (ROI).
Business value:
- Informed decision making
- Innovation
- Optimized resource use
Q: What is Software Asset Management (SAM)?
A: SAM aims to control costs and maximize value by identifying how much you own of each application and by mapping software license purchases to actual software usage. Using SAM, organizations gain better understanding of their software estate and licensing, which can help with software vendor contract negotiations, vendor audits and application rationalization/reduction efforts using APM, which complements SAM.
Business value:
- Cost savings
- Compliance
- Productivity
By embracing a ServiceOps mindset, organizations can achieve multiple benefits. Although each of the IT and IT service management practices described above is useful when employed individually, they work better together. Combining these disciplines is the best way to deliver true value to an organization, enabling the organization to streamline operations, greatly reduce costs and build a much stronger foundation for business innovation and growth.