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The modern workforce relies on an increasingly diverse mix of devices to work productively from anywhere, at any time.
The modern workforce relies on an increasingly diverse mix of devices to work productively from anywhere, at any time. With more enterprises paying attention to employee sentiment and satisfaction, optimizing the end user device experience – along with achieving operational efficiencies in device management – are key strategic priorities for IT organizations.
To help, more enterprises are considering asset lifecycle management (ALM) services. Resource-strapped IT organizations need help improving the end-user service experience, while at the same time improving operational efficiencies. CFOs want a direct and transparent view into their technology investments to ensure the enterprise is maximizing the asset value throughout the lifecycle. And environmental, social and governance (ESG) teams need to demonstrate compliance with asset disposition practices and circular economy guidelines.
IDC believes asset lifecycle management services can be a suitable option for organizations looking to shift resources away from repetitive, mundane IT tasks and focus on supporting critical innovations for key business objectives.
Learn more in this IDC whitepaper.
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The modern workforce relies on an increasingly diverse mix of devices to work productively from anywhere, at any time. From PCs and laptops to mobile phones and tablets, most employees are using multiple devices that require reliable, secure access to applications and data for job-related tasks. With more enterprises paying attention to employee sentiment and satisfaction, optimizing the end-user device experience — along with achieving operational efficiencies in device management — is a key strategic priority for IT organizations.
To help, more enterprises are considering asset lifecycle management (ALM) services. Resource-strapped IT organizations need help improving the end-user service experience while at the same time improving operational efficiencies. CFOs want a direct and transparent view into their technology investments to ensure the enterprise is maximizing the asset value throughout the lifecycle. And environmental, social, and governance (ESG) teams need to demonstrate compliance with asset disposition practices and circular economy guidelines.
For many enterprises, external providers that offer comprehensive asset lifecycle management services can help. Given the global talent crunch across industries, and the increased focus on sustainability initiatives in the enterprise, the C-suite is looking for partners to improve operational efficiencies across the enterprise. IDC believes these services can be a suitable option for organizations looking to shift resources away from repetitive, mundane IT tasks and focus on supporting critical innovations for key business objectives.
Despite the complex, ongoing challenges in recent years, IDC research continues to indicate that organizations consistently identify customer satisfaction and operational efficiencies as two of their top business priorities. Improving the customer experience (CX) — and corresponding customer loyalty and advocacy — through streamlined operations can directly affect overall revenue and profit. For most enterprises, improvements in these areas typically require a dedicated level of investment in innovative technologies that can help achieve the desired strategic objectives.
As CIOs and IT managers shift resources to accelerate innovative technology adoption, many are considering external service providers for key IT functions. In particular, IT organizations are looking for help managing routine, repetitive tasks that are still critical to delivering a high-quality employee experience (EX) and streamlining IT operations. Many enterprises seeking to reduce operational costs while improving resiliency and sustainability are considering IT asset management (ITAM) services.
In recent years, most enterprises had to accelerate plans to accommodate the needs of a distributed hybrid workforce. IT organizations are increasingly supporting a mix of onsite and remote employees that depend on technology to access any application, anytime, from anywhere. In a recent IDC survey, 78% of respondents indicated their organizations were "adopting hybrid-first work models; redefining processes, technologies, and policies; and engaging with more diverse talent pools" (source: IDC's Future Enterprise Resiliency and Spending Survey, Wave 12, January 2022; n = 810). Employees expect access to a diverse assortment of end-user devices to accomplish work tasks that will be reliable and secure while delivering maximum device performance — no easy feat for the IT team.
In addition, executives across the C-suite are paying closer attention to employee sentiment and satisfaction and are prioritizing efforts that can improve both. Enterprises facing a global talent crunch have renewed their focus on hiring and retention, especially as research continues to show the connections between the employee experience and the customer experience. In a recent IDC survey, 28% of organizations have identified a defined causal relationship between employee experience and customer experience — and 34% stated that the relationship between EX and CX is directly measurable (source: IDC's Future Enterprise Resiliency and Spending Survey, Wave 11, December 2022). The technologies used to complete business tasks are critical elements for initiatives focused on employee satisfaction and retention, making IT organizations directly responsible for desired outcomes.
At the same time, CIOs and IT managers need to manage the tricky balance of maintaining existing technologies while implementing innovative projects that directly affect business results. With limited resources and ongoing budgetary pressures, "keeping the lights on" efficiently and effectively is critical when in highly competitive markets. IT organizations are looking for help improving business continuity and operational resiliency while accelerating innovation in technology to support new business models. Streamlining day-to-day operations to enable remote work and maintaining IT service delivery remain key strategies for most CIOs and business managers.
Finally, despite many predictions claiming the "end of the PC era" in recent years, the majority of business users continue to rely on PCs and laptops to accomplish critical business tasks. These devices are a key component of end-user IT service delivery, and improving asset lifecycle management is a key strategic initiative for many CIOs. The proliferation of devices continues to complicate the lives of IT organizations, with employees expanding beyond PCs and laptops to cell phones, tablets, and other end-user devices to access sensitive corporate data. Given the broad recognition that a best-in-class device experience can be a key driver in EX, CIOs need to prioritize device management across the lifecycle to enable critical business tasks.
The pace of change in workplace technologies is relentless, and IT organizations are under enormous pressure from business managers to introduce new innovations that can drive strategic objectives. At the same time, resource-strapped CIOs need help managing day-to-day operations, reducing the routine tasks necessary to ensure end-user devices operate at maximum performance and deliver efficient and secure access to key technologies for business processes. For many enterprises in this situation, a more comprehensive approach to asset lifecycle management can help.
For the IT organization, a holistic asset lifecycle management strategy can be key to improving device management across a diverse user base. Specifically, IT staff need improved and updated IT processes to facilitate activities associated with servicing employee devices — making sure that every employee can complete work tasks anytime, from anywhere. Improving end-user IT service delivery for the complex mix of employee devices is an ongoing challenge for CIOs tasked with achieving better resiliency and improved operational efficiencies. IDC studies on improving PC IT operations show that when customers use outside resources, they can deploy new and used PCs to their users faster with fewer touch points (42% faster). In the same study, 37% of systems were not recovered or disposed of properly — but when using outside resources, that number dwindled to 12% (source: IDC's PC LifeCycle Optimization Survey, April 2022).
For the finance team, comprehensive lifecycle management offers improved asset management across a diverse workforce and often provides more options to acquire necessary technology assets — offering a direct and transparent view into their IT asset investments. These improved asset management practices can help reduce the cost of ongoing operations, both through direct cost reduction and through more efficient IT operations. In addition, comprehensive lifecycle management can help uncover previously undetected value in older assets — especially important as more organizations need to "get what they paid for" across their technology environments. PCs that once may have been sent to a "landfill" or back to the leasing company (or other company) may now find new life within an organization as IT and the CFO get a better understanding of the asset's true value.
For the environmental, social, and governance teams, a comprehensive approach to IT asset management is a critical component of ensuring circular economy practices and meeting sustainability goals across the organization. The ESG team needs to show compliance with scopes 1–3 initiatives, and it requires ongoing reporting to demonstrate progress across the enterprise. Specifically for IT asset management, the IT organization must ensure all assets are used to the fullest extent across the lifecycle. In addition, ESG leads must demonstrate that any IT assets at end of life are disposed of in an eco-friendly way.
IDC research shows that most enterprises continue to struggle to implement a lifecycle approach to device management that includes planning, deployment, and optimizing ongoing operations and efficient, sustainable disposition practices. For help, CIOs are increasingly considering third-party service providers that can be more efficient and effective at achieving these multipronged device management goals.
For many CIOs and IT managers, IT asset management and IT asset disposal (ITAD) services can be a good complement to internal IT management models for their organizations. These services offer a comprehensive approach to device management, with specific offerings that span the lifecycle of employee devices across the enterprise. IDC research shows that ITAM and ITAD services typically include, but are not limited to, the following capabilities:
For many organizations, the asset recovery and disposal capabilities available through these services are invaluable. Asset decommissioning is included, so the IT organization is no longer responsible for tracking large numbers of devices and managing recycling efforts — with the added benefit of improving sustainability metrics. In addition, the value of trade-ins can offset new equipment costs — improving the budget metrics in equipment refresh cycles. Finally, a comprehensive lifecycle management policy can help reduce security risks and ensure compliance for these complex end-oflife activities.
IDC research consistently demonstrates respondents indicating a number of benefits associated with the capabilities in ITAM and ITAD services. In an IDC survey, respondents were asked to identify the top benefits associated with these services and, specifically, how they have impacted business outcomes. Key results from IDC's April 2022 PC Life-Cycle Optimization Survey include:
In addition, IT organizations reported less friction across the enterprise with respect to asset tracking and management, with better visibility and transparency into the asset lifecycle. Streamlining these operations helps improve the end-user device experience, leading to fewer cost of business losses due to device-related problems.
When evaluating ITAM and ITAD service providers for the enterprise, IDC recommends considering providers that can demonstrate the following capabilities:
Iron Mountain's Workplace ITAM offers a portfolio of services as part of the company's overall asset lifecycle management division. Customers with an ITAM or ITAD services contract can select individual services on an ongoing and monthly basis, depending on their specific requirements and/or projects. Common supported use cases include new employee onboarding, employee offboarding, asset refresh, lease return, and end of life.
Iron Mountain ITAM and ITAD services include the following:
Given the global talent crunch across industries, IDC anticipates most enterprises will increasingly measure and track employment sentiment and satisfaction — with many adopting lofty objectives to help improve hiring and retention. With more organizations adopting metrics to track the connections between an improved employee experience and a superior customer experience, IDC expects a renewed focus on improving employee service delivery to help meet customer expectations.
In addition, the increasing importance of sustainability initiatives for enterprises in all industries will require a transparent, comprehensive approach to IT asset lifecycle management. ESG teams will be tasked to deliver detailed reports regarding progress on programs to address scopes 1–3 initiatives, and ITAM and ITAD services are well positioned to help.
IDC anticipates that Iron Mountain will have significant opportunities as it expands its ITAM and ITAD capabilities in this dynamic, competitive market. Organizations taking advantage of the capabilities available through ITAM and ITAD services want to improve operational resiliency and efficiencies while enabling IT staff to focus on managing business outcomes rather than managing client devices. The innovations embedded in today's devices through advanced analytics and telemetry offer access to proactive service delivery and advanced security features to drive better employee and IT staff experiences. This device performance optimization can also help extend device lifecycles as well as enhance employee productivity due to improved maintenance and monitoring.
IDC also believes Iron Mountain will have the opportunity to structure its ITAM and ITAD offerings to help enterprises that are struggling to track and report on sustainability efforts across the organization. A comprehensive approach to asset lifecycle management can lead to improvements in operational efficiencies across covered assets. In addition, the collected telemetry data from covered devices can provide detailed reporting regarding power, energy, and operational savings delivered through ITAM and ITAD services. ESG teams can use this data to demonstrate improved utilization rates, energy and operational efficiencies, use of refurbished equipment, and safe and secure asset decommissioning. IDC believes sustainability reporting will rapidly become a key priority for many organizations, as governments are beginning to require sustainability details for potential tax incentives or to avoid financial penalties for noncompliance.
At the same time, IDC expects that Iron Mountain will face several market challenges as it expands its ITAM and ITAD offerings. Although there are many benefits associated with asset lifecycle management, service providers often face resistance to any changes in procurement and budgeting. Shifting the capital expense of device management to an ongoing operating expense can lead to prolonged discussions regarding costs and value and can be perceived as adding complexity to budgeting cycles. Iron Mountain will need to focus its efforts on continued education across each of the key stakeholders in asset management — including, but not limited to, the IT organization, finance, procurement, and relevant business managers.
Finally, IDC anticipates that Iron Mountain will need to help potential ITAM and ITAD customers navigate the tricky balance of expiration dates across existing device support and maintenance contracts. For many enterprises, offering bridge financing and transition programs can help address the issue (depending on the complexity of the devices under contract). IDC also believes that a renewed focus on alleviating technical debt and offering trade-ins for older equipment can help address budget hurdles, enabling customers to more quickly adopt both ITAM and ITAD services.
While many organizations adopted a hybrid workplace as a matter of expediency, the model has proved beneficial for most enterprises. But ensuring the employees can perform work-related tasks reliably on multiple devices from any place, at any time is an ongoing challenge for most IT organizations. To maximize the benefits of a hybrid workforce, CIOs and CFOs are looking to optimize device management strategies to maximize the value of their investments and create operational efficiencies across the device lifecycle. IT asset management and disposal services delivered from external providers can help reduce the overall costs of device management, improve service delivery for end users, and ensure that organizations are making the most of their scarce resources while continuing to adopt new systems and capabilities to support innovative business objectives.
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