Explaining the Stages of the IT Asset Lifecycle

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Your company or organization is considering upgrading your IT assets. With the fast-changing pace of technology updates, cloud computing, and cybersecurity issues, it’s more important than ever for companies to upgrade their IT assets on a regular basis. 

We’ll explain the stages of the IT asset lifecycle as it pertains to your company or organization.

Related Post: Data Lifecycle FAQs

What is the IT asset lifecycle?

This is a formal series of stages by which companies track and manage their IT assets from the useful life of each asset. 

Stages of the IT Asset Lifecycle

There are six stages of the IT asset lifecycle. The lifecycle follows the same format, usually through computer software.

1. Request or Planning

The request or planning stage involves stakeholders discussing what IT assets are needed and why. This stage culminates in the formal request for newer and more updated assets and where to deploy them. Your team will create a list of IT assets you need to purchase to keep your company running at the right level of efficiency.

2. Fulfill

After the team makes a request, it must receive approval. If you’re not the purchaser or buyer, you’ll need approval from someone higher up in the organization. Sometimes people will find in-house assets capable of fulfilling a request. Otherwise, it’s time for a purchase.

3. Deploy

Then your team receives the IT assets, and it’s time to deploy them. IT asset provisioning can use automated processes that know when to update the hardware.

4. Monitor

Monitoring your IT assets focuses on the internal visibility of your equipment to identify the most efficient use of resources while mitigating risks to your computer equipment. This is where data collection becomes incredibly important to developing an IT asset strategy.

5. Service or Maintenance

IT assets will need updating to remain optimally operational and functional. It requires ongoing maintenance, upgrades, or even emergency repairs. Your IT team needs to make sure assets operate efficiently.

6. Retire

When your IT assets reach the end of their lifecycle, it’s time to retire them. It’s important to make sure you retire something to mitigate security risks with your data and security. That’s where an IT asset disposition company comes in to help.

Why is IT asset lifecycle management critical?

IT asset lifecycle management gives your team effective planning, cost-effective procurement, and optimized utilization while helping you maintain your staff’s efficiency.

Related Post: How I.T. Supply Solutions Manages Your IT Asset Buying Experience 

Ready for Newer Computer Equipment?

I.T. Supply Solutions, based in the Cincinnati area, offers IT asset disposition for your company or organization, whether you’ve got 100 units or 100,000. 

Call us at (859) 694-0602 or contact us for more information.

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Electronics Recycling Day to benefit the Independence Police Department's K-9 Unit

Sponsored by the Independence Police Department & I.T. Supply Solutions

Items collected include desktops, laptops, phones (landlines or cellular), flat monitors, servers, loose hard drives, calculators, and cameras.

Please note: No old TVs, microwaves, or bulky monitors.

Donations can be dropped off or made by mail. Check or money order to be made payable to ‘City of Independence’ to:

Independence Police Department
Canine Unit Donation
5409 Madison Pike
Independence, Kentucky 41051
Dropbox available in parking lot

Send contributions via Venmo to Independence Canine using @Independence-Canine.