Under the threat of recession in the US and Europe, organizations of all sizes will be looking to reduce costs and optimize processes throughout 2023. As a cost center, IT, and managing IT assets will become increasingly important for organizations throughout the year. In 2023, we can expect to see several trends in IT asset management (ITAM) that will shape the way organizations manage and optimize use of their IT assets.

1. Automation: Automation is becoming an increasingly important trend in ITAM. Automating tasks such as software license recycling, (leavers) asset recovery and onboarding IT asset provision can save organizations a significant amount of time and resources.

2. Cybersecurity: With the increasing threat of cyber and ransomware attacks, ITAM is becoming increasingly important for cybersecurity. ITAM can provide visibility into what devices and software are on the network, making it easier to identify and remediate vulnerabilities. You can’t secure what you don’t know you have!

3. Analytics and reporting: With an increasing amount of data generated in support of IT assets, analytics and reporting are becoming more important in ITAM. Analytics can provide valuable insights into IT asset utilization and purchase planning, enabling data-driven decisions. Combined with a trend towards AI analytics, a next generation of ITAM analytics could be a trend this year.

4. Cloud-based ITAM: Cloud-based ITAM solutions are becoming increasingly popular as more organizations continue to move more of their IT infrastructure to the cloud. These solutions allow organizations to manage their IT assets from a central location, regardless of where the assets are located. This can provide significant cost savings and improve efficiency.

In conclusion, in 2023, we can expect to see a continuation of the trends towards, automation and the integration of ITAM with cybersecurity and analytics. Organizations should consider adopting these trends to improve their IT asset management and optimize their IT assets for maximum efficiency and cost savings.

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