Ever wonder how much your company wastes on lost, unused, or underutilized IT assets?
The reality is, without a clear strategy, devices pile up, maintenance costs soar, and financial leaks go unnoticed. Whether it’s laptops sitting idle in storage or software licenses no one uses, inefficient asset management drains budgets and creates hidden risks.
Why smart asset management matters
The global asset management market is booming – valued at $373.69 billion in 2022 and projected to grow at a 34.7% CAGR through 2030. With 80% of a laptop’s carbon footprint coming from production, every wasted device isn’t just a financial loss, but an environmental one, too.
But there’s good news: by taking a strategic approach to IT asset management, companies can cut costs, optimize resources, and stay ahead of financial risks. Here’s how:
1. Let's data drive your decisions
Guesswork is expensive. Predictive analytics can help companies anticipate failures, optimize maintenance, and extend asset lifecycles.
👉 Deloitte reports that predictive maintenance cuts costs by up to 25% reports.
👉 General Electric (GE) saves millions annually by using real-time sensor data to prevent equipment failures.
2. Track everything, automate where possible
IT assets shouldn' disappear into a black hole. Integrated tracking systems provide real-time visibility into every device so nothing gets lost, underused, or duplicated.
👉 Amazon relies on RFID tracking to streamline inventory and reduce errors.
👉 VDC Research found that RFID can reduce inventory shrinkage by 50%.
Have you read? What happens to my work computer when I stop using it and return it to IT?
3. Get more life out of every device
The longer your assets last, the less you spend. Lifecycle management ensures devices are used to their full potential – whether through refurbishment, resale, or recycling.
👉 VMware’s virtualization solutions cut hardware and energy costs by 50%.
👉 Siemens saved substantial costs with proactive asset lifecycle strategies.
How Velory can help
Most companies don't have time to manually track, manage, and optimize every IT asset – and that's where Velory comes in. Our platform automates asset management, making it easy to track, renew, and retire devices without wasted spend or effort.
If your IT assets aren't working for you, they're working against you. Let's fix that!
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