- 15 October 2004 15:24
Synergies Among Management Tools Key in Selecting Asset Portfolio Management Solutions, Says META Group
STAMFORD, Conn.--Oct. 15, 2004--Organizations implementing asset portfolio management solutions must understand the role of these tools in the larger, strategic information technology organization (ITO), says META Group (Nasdaq: METG), a leading provider of IT research, advisory services, and strategic consulting. In a METAspectrum(SM) report on the asset portfolio management tools market released today, META Group reports that understanding the needs of the ITO will lead to more appropriate tool selection to support near- and long-term requirements for aggregating information through automation and/or manual process.
"ITOs often struggle managing the asset side of portfolios, which creates an impression that costs are out of control. Asset portfolio management tools create the ability to understand and manage trends and costs, leading to improved IT costs and controls," said William Snyder, senior program director at META Group. "ITOs should carefully review current tools for potential synergies with adjacent tools when deploying asset repositories."
META Group finds the asset portfolio management tools market bifurcating into two distinct categories. While all of the tools have some basis in solving a point problem (e.g., help desk, mainframe software costs), the increasing integration of these tools with enterprise-level tools (e.g., portfolio management, service-level agreements) is separating vendors into those selling inexpensive tools that meet basic asset management feature functionality or tools that support decisions on an ITO-wide basis.
"Customers will also see continued consolidation in the market, as vendors with portfolio capabilities (and suitors) will increasingly see the road to true portfolio management incorporates asset portfolio management capabilities," said Snyder. "The ultimate result is that these repositories will provide a backbone to improved IT business efficiency. The impact to asset portfolio management vendors will be either an increase in visibility and importance within IT organizations or relegation to point-solution status at a commodity price."
META Group's METAspectrum(SM) methodology provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the decision process, and enables more effective technology investments. META Group's research efforts, which adhere to META Group's commitment to objectivity, are conducted independently, based on industry best-practice research methodologies and subject to the highest levels of review by META Group's research community. To learn more about METAspectrum, visit metagroup.com/metaspectrum
About META Group
META Group is a leading provider of information technology research, advisory services, and strategic consulting. Delivering objective and actionable guidance, META Group's experienced analysts and consultants are trusted advisors to IT and business executives around the world. Our unique collaborative models and dedicated customer service help clients be more efficient, effective, and timely in their use of IT to achieve their business goals. Visit metagroup.com for more details on our high-value approach.
EDITORIAL CONTACTS: Jessie Shepherd Markom Marketing +61-2-9977-8922 firstname.lastname@example.org
Peter Carr, Vice President, Director Operations META Group +61-2-9290-8624 email@example.com