Take the 2024 ITAM Strategy Quiz!

The last several years have brought considerable change to the IT environment. Remote work and accelerating digital transformation initiatives have driven the rapid adoption of cloud—and now organizations are paying for it. Without visibility into cloud spending, organizations incur unnecessary costs and increase their business and compliance risk. Managing cloud spend and optimizing IT asset investments in these highly dynamic environments is an ongoing effort that requires vigilance, adaptability, and innovation.

Where does your organization stand when it comes to IT asset management? Take the 2024 ITAM Strategy Quiz to identify the issues that are important for your business. We’ll instantly deliver the most helpful content so you can achieve your key ITAM goals!

1. What part of your current technology spend strategy needs the most help?

Having a consolidated view of all IT assets Managing large and complicated enterprise software licenses Reducing SaaS sprawl or shadow SaaS Aligning spend to strategic goals and initiatives

2. What would be the biggest benefit of optimizing your technology spend for your organization?

Optimized cloud spend and known accountability for spend Rapid savings and long-term cost optimization Increased IT productivity Preventing costly and risky errors

3. What risk would your organization incur in maintaining the status quo?

Overall speed to value would suffer Reduced impact of business spend Wasted IT resources Risk of security vulnerabilities and noncompliance

4. What’s top of mind when considering your organization’s ITAM strategy? We want to:

Implement or mature our ITAM practice Implement tighter cloud spend controls through FinOps practice Free budget for growth-driving innovation Align strategic goals to asset management ROI and maturity goals

5. What’s your main ITAM goal?

Gaining control of IT costs Protecting revenue Eliminate overlap of software and business applications Reducing cloud costs

6. What is a leading challenge in improving ITAM?

Lack of actionable data to make budgeting decisions Access to the same data and better collaboration across IT Stronger influence or connection to FinOps practice Finding cost savings to reinvest in innovation

7. Which area causes the most challenges for your enterprise architecture teams?

Overcoming technology debt Keeping up with the pace of technology change Misaligned technology Aligning cloud strategy to cloud resources and spend

8. What would create the most significant change to your ITAM practice?

Reducing unauthorized IT spend Automating IT lifecycle management processes Establishing detailed, multi-cloud budgets with accountability Better rationalization and visualization of business applications, software, and dependencies

9. What is the most appealing benefit of optimizing technology spend on a platform vs. as a standalone ITAM application?

Improving IT efficiencies and life-cycle automation Tracking multi-cloud spend and doing showbacks and chargebacks Being able to view cloud, software, hardware, and enterprise assets on a single platform Lowering costs and improving security

10. What topic would you like to learn more about from a ServiceNow representative?

The business value of ServiceNow IT asset management The power of setting and aligning strategy to technology with portfolio management Best practices in cloud cost management or FinOps integration How to optimize expanding technologies and enterprise asset holding