Asset & Change Management

Setting up IT budget for 2021

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The global COVID-19 pandemic crisis has proved to be a catalyst for change for organizations. Businesses have been spurred to continue investing more in IT budget to secure and support their remote workforce operations in spite of slow revenue growth due to the pandemic.

According to a survey of more than 1,000 businesses by Spiceworks Ziff Davis, 76 percent of them plan on implementing long-term IT changes in their IT budget and 44 percent plan on accelerating their digital transformation plans. It also indicates that more than one-third of IT budget increases in 2021 will be influenced by COVID-19. 

Businesses are also expected to increase their IT spending on their IT assets such as cloud and managed services, while hardware spending in 2021 is anticipated to decline. Moreover, many have dropped their plans to adopt cutting edge technologies in favor of investing in more pressing needs. 

Olga BurnaevaSetting up IT budget for 2021
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Step By Step Guide – Measuring ROI of Your IT Tools

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There is no argument about the fact that having a robust IT infrastructure is crucial for any business. Having said that, it is also important to understand the cost versus benefit ratio of your IT tools to determine whether they are delivering an adequate return on investment or need further optimization to be more efficient.

This allows businesses to ensure their IT budgeting is on point and they are not under or over resourced when it comes to investing in IT tools. It also enables IT monitoring to keep an eye on overall expenditure and make accurate costing forecasts for future IT projects.

Olga BurnaevaStep By Step Guide – Measuring ROI of Your IT Tools
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Best Practices for Hardware Monitoring

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The biggest challenge in this regard is that a lot of the infrastructure comes from different manufacturers. While these manufacturers provide solid solutions for monitoring their hardware, it can be very difficult to oversee the monitoring of all hardware. A hardware monitoring software with an integrated console can monitor all the hardware in the server ecosystem. 

Hardware monitoring should be an integral part of managing a server and infrastructure. Detecting and fixing problems before they get serious can increase uptime and ensure there’s no severe hardware failure. It’s cost-effective, efficient, and preemptive, which is why responsible businesses value hardware monitoring. 

Olga BurnaevaBest Practices for Hardware Monitoring
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How To Minimize Business Losses By Monitoring Your Infrastructure

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System downtime is a part of the IT infrastructure. Very often, the system goes into a snag or downtime involving an unplanned stoppage of operations. More often than not, this is a direct result of a lack of appropriate maintenance. However, the smallest of downtimes can lead to heavy business and financial losses within the company. 

Hence, the idea is to conduct maintenance tasks and operate the IT infrastructure to reduce potential downtimes. But how can you achieve minimum downtime for your business? There are multiple infrastructure monitoring techniques to do so. Let’s check them out one by one and see how they work.

Olga BurnaevaHow To Minimize Business Losses By Monitoring Your Infrastructure
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VirtualMetric helps enterprises to cover ITIL and ISO27001 Certification

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VirtualMetric is a proven solution, helping companies all around the globe to cover ITIL and ISO27001 сertification and ensure a smooth change management process. Тhanks to its sophisticate Change Tracking solution and real-time monitoring companies around the globe can ensure the health and stability of their infrastructure.

ITIL Change management – ensures infrastructure stability and enterprises’ agility

ITIL change management is a process designed to improve infrastructure stability, ensure its health and the service quality as well as the enterprises’ agility. It helps companies to organize perfectly the process of change management and to minimize the risks of it. Proper implementation of ITIL is crucial in improving the service delivered and it is quality. It is of major importance for entities like banks and financial organizations and successfully implemented in Barclays, Deutsche Bank, Bank of America, etc. Thanks to VirtualMetric and its sophisticated Change Tracking functionality for the complete inventory of the servers, banks like the above mentioned can easily cover their ITIL certification needs.

vmetricBlogVirtualMetric helps enterprises to cover ITIL and ISO27001 Certification
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