IT Infrastructure

IT Asset

IT Infrastructure

IT lifecycle management

Many Australian companies struggle to maintain their IT assets, which often results in plenty of unnecessary costs, outages, and a lot of stress. The initial purchase of your IT assets is just the beginning of their lifecycle. Unless you have a good IT team in your organisation, you’re probably not effectively managing the technology components you have.

It’s equally important to manage both your software and hardware assets. You should always know where all of your components are in their IT lifecycle, since it will help you come up with a plan on when to change, update, or replace them.

What is the IT asset lifecycle?

The IT asset lifecycle refers to a sequence of stages that a technology asset goes through during its ownership. The first stage is planning, followed by the procurement of the technology and its deployment. The next stages are usage, upgrade, decommission, disposition, and salvage. Once an asset is in use, you’ll be able to determine its life expectancy based on a number of different factors.

How long the asset will remain usable depends, naturally, on how you use it! Another factor that has an effect on an assets’ life expectancy is how often it is used.

Finally, the maintenance you perform on the technology will impact its life cycle. That also means that you can extend the IT asset life cycle by performing regular maintenance. Once it begins reaching the end of its life cycle, it’s time for an upgrade. Meanwhile, you can decommission the tech, dispose of what you don’t need anymore, and sell the rest for salvage.

In case you’re not in the IT industry, then you most likely don’t pay too much attention to your hardware and software assets. That’s where our IT product lifecycle management services come into play. TechBrain’s team of IT experts in Perth can help maintain your assets and ensure that your business is always running at maximum efficiency.

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The asset management

The IT asset management process monitors and maintains an organization’s IT assets, which can include hardware such as computers and servers, as well as software and licenses. The goal of IT asset management is to maximize the value of these assets, while minimizing associated costs and risks.

The IT asset management process typically involves several key steps, including:

  1. Identifying the organization’s IT assets and categorizing them according to their type, value, and importance.
  2. Developing policies and procedures for managing these assets, including guidelines for acquisition, maintenance, and disposal.
  3. Implementing systems and tools for tracking and monitoring the organization’s IT assets, including databases and software applications.
  4. Conducting regular audits and assessments to ensure that the organization’s IT assets are being properly managed and maintained.
  5. Establishing processes for monitoring and controlling access to IT assets, and for ensuring their security and integrity.
  6. Developing strategies for maximizing the value of the organization’s IT assets, such as through investment, optimization, or divestment.

When done well, the IT asset management process is proactive effort to ensure that an organization’s IT assets are being used in the most effective and efficient way possible, in order to support the organization’s goals and objectives.

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Benefits of IT asset

Our team of consultants can help your business through each stage of the IT asset lifecycle management. Here are some of the main benefits of this management service:

Cost savings:
You’ll no longer have to spend huge amounts of money when an asset breaks down. Instead of replacing your assets when they stop working, IT infrastructure lifecycle management will help you predict future scenarios. You will be fully aware of which assets are aging and have enough time to carefully plan how and when to replace them.

Hardware maintenance
While most people take good care of their computers and laptops, there are other hardware assets in your organisation that don’t get the same attention. These include servers, patch panels, routers, printers, scanners, monitors, and removable media. IT asset lifecycle management helps you get the most out of your hardware.

Increased knowledge regarding your assets

It’s important that you know basic information about each of your assets. For instance, you should be aware of the name, manufacturer, license information, cost, as well as its condition, cost-effectiveness, and usefulness. Having all of this information at the disposal for employees at your organisation will help you determine which tools they have at their disposal for each future project.

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OUR Solution

TechBrain’s asset
management solutions

If you don’t know a lot about the asset lifecycle or asset management, we can help you. Our team of IT consultants will analyse all of your assets and start managing them. They will provide regular maintenance and replace the equipment when the time is right. Here are some of the main services we offer:

  • Full repairs: Do you have any software or hardware assets that have stopped working? We can fix them for you. We’ll also upgrade them to the latest version of the product or install any asset that you want.
  • Asset tracking: Even small businesses can have a lot of tech in their workspace, which is why they often don’t bother to keep track of them all. Nevertheless, it’s very important to keep track of your hardware lifecycle to know when to replace it. That’s where we come in. We’ll track your assets to ensure the functionality of your devices remains at a high level and that you don’t have to pay any unnecessary expenses.
  • Asset disposal: Disposing of your assets is a more delicate process than it sounds. First of all, you need to make sure that there isn’t any sensitive information on the devices. On top of that, you’ll have to dispose of the asset in a way that meets your green initiatives, sustainability targets, or compliance standards.
  • Support: Our IT experts will be there to answer your calls whenever you have questions about your IT infrastructure, hardware, software, asset management, and more.

If you are based in Perth or Australia, you can improve your company’s efficiency and productivity simply by having someone take care of your IT asset lifecycle management. Contact us today to find out exactly how we can add innovation to your business.


Does TechBrain provide assistance with asset acquisition?

Acquiring IT assets is one of the most important steps in creating a good IT infrastructure at your organisation. Just like with every other step of IT asset lifecycle management, our team of IT consultants is dedicated to helping you find the right hardware and software for your business. We will create a plan based on your company’s budget.

How can IT lifecycle management help me save money?

A lot of small business owners have to set aside a large sum of money just to buy new IT assets every few years. However, what if you could repurpose a portion of the technology you have, sell another portion of the equipment, and find IT assets at an affordable price? This is what we can help you with. Our IT experts have extensive knowledge on how to do all of this quickly and will ensure you always get the best assets at an affordable price.

Can TechBrain help our business setting an IT strategy?

Asset management is a critical part of any business, our experienced team will work with you to develop a long-term plan for your IT infrastructure. This includes careful analysis of your current spending on devices and equipment, as well as recommendations for future growth. As your business expands, TechBrain can provide hardware as needed through our convenient Hardware as a Service solution.

What is the role of an IT asset manager?

The role of an IT asset manager is to ensure that the organization’s IT assets are being used effectively and efficiently to support the organization’s goals and objectives. This may involve working closely with other departments and teams within the organization, such as the IT department, finance department, and procurement team.