Hardware asset management (HAM) tools are needed within a technology asset management strategy to oversee hardware visibility, manage life cycles, optimize costs and reduce risk. HAM tools are software applications and technology used by organizations to manage the life cycle of different hardware assets, including IT, line of business and facilities management — regardless of location and industry.
Software asset management (SAM) tools aim to decipher the complex and ever-changing world of software licensing. Organizations now have a diverse set of SAM tool requirements to meet. Core capability of SAM tools include discovery, normalization, reconciliation, optimization and reporting. SAM tools are third-party solutions that provide some level of automation to support tasks required to produce and maintain compliance with independent software vendor (ISV) license use rights. SAM tools provide organizations with a means to manage software throughout its life cycle and centralize the view of software within the organization. SAM tools provide data on software utilization, identify over deployed and under consumed licenses, reharvest and reallocate licenses, track renewals and financials for purchased software, and proactively identify software misconfiguration. SAM tools offer integration with third-party tools, and can provide out-of-the-box reporting capabilities and produce management dashboards. The reporting and dashboards recommend areas for optimization.