Today's business environment being technology dependent, enterprises irrespective of their industry sector, have a tendency to deploy world class infrastructure and best of the breed applications.

1. Asset Management -Minimizing Risks and Security Breaches
Today's business environment being technology dependent, enterprises irrespective of their industry sector, have a tendency to deploy world class infrastructure and best of the breed applications. While these steps help them withstand the aggressive competitiveness prevalent in the environment, this has also brought in tremendous increase in cyber threats and security issues. Moreover, with globalization enabling worldwide expansions, enterprises are linked through corporate networks. Threats to systems and networks pose a major challenge. Enterprises therefore looks forward to implementing systems and methods that will help them manage their IT assets and make their business environment secure and compliant.
IT assets relate to all elements of software and hardware that are found in a techno-centric business environment. Wikipedia defines IT asset management as “the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment”. On a broader perspective, asset management, refers to any system that monitors and maintains things of value to an entity or group and applies to both tangible assets as well as intangible concepts. With the influx of various high-end devices and applications, the business environment today is highly complex one that demands high-level of control over its assets.
Effective asset management involves rehabilitation, repair and replacement of assets. While this helps enterprises to meet the changing demands of customers, it also brings in transparency and control leading to minimum regulatory risks and security breaches. Further, IT asset management enables enterprises to achieve the objectives of:
· Reducing costs through process improvement
· Ensuring compliance
· Enhancing performance through effective management of information technology assets
· Inventory control
· Availability of applications and processes
Reports from across industries showcase a large number of security gaps and vulnerabilities which challenge the technological business environment to increase their scrutiny of physical and virtual networks, operating systems and applications. Increased use of BYOD options to ensure business continuity, enterprises need to continuously monitor and secure their vital assets. While enterprises deploy compliance regulations to protect their critical business assets, use of effective asset management methods will help them to improve the way they can manage their assets.
Since asset information covers details about hardware, environment, application, vulnerability, and controls, the leaders of IT risk management offers their clients asset management modules that will help them to effectively manage the IT infrastructure assets from an information security perspective. These solutions offer a granular level information about the assets across various business units. The exhaustive report and dashboard offers the enterprises a real-time view of the status of the assets within the environment, thus ensuring an effective asset management.
Check out - IT Security Monitoring