Communication Service Providers

Demystifying network inventory management: Efficient networks for business growth

The fast-paced technological landscape keeps businesses on their feet. To thrive in the race and meet the ever-changing demands of the competitive world, all businesses must evolve their network infrastructure. In this digital world, it is important that businesses maintain a network inventory for proper network inventory management.  Keeping track of assets and safeguarding them from online threats ensures your business is guarded from vulnerabilities.

What is a Network Inventory Management System (NIMS)?

Network inventory management is the process of keeping track of every IT asset that makes up the network flow in an organisation. This is where an optimised network inventory management system proves helpful. It provides quick access and tracks down both hardware and software assets for better use and manageability. 

Leveraging network inventory management for your business

Network inventory management ensures that organisations can carry out optimised business operations. It gives a complete view of the available network resources and offers several other benefits.

Complete track of assets

Network inventory management is an asset tracking powerhouse that provides you with detailed updates about your IT assets. It goes beyond basic asset tracking to provide information about installed software, user activities, and more. You can also efficiently track both hardware and software assets, ensuring nothing falls through the cracks.

Time saver

It provides real-time insights into your network’s software and hardware assets and enables quick, error-free reporting. Network inventory management ensures that you spend just a few minutes to generate a comprehensive software and hardware report.

Enhance flexibility

Using the right network inventory management software enables you to export files in both formats, CSV and PDF. This not only saves time while sharing and analysing data but also enhances the flexibility of work.

Streamline the process

The setup process for IT Asset Management can be accomplished easily with just a few straightforward steps. This ensures access to users of all levels of technical expertise.

Monitor the changes

The inventory management software allows for the efficient capture of changes made to IT assets. This allows comprehensive tracking of modifications in both hardware and software assets in the IT infrastructure.

Network inventory management in telecommunications

Network inventory management in telecom is the process of tracking and managing a set of telecommunications services, equipment, and assets used by a company. A telecom inventory management platform includes the following :

  • The name and model number of used hardware and operating systems 
  • The vendors, contracts, and account numbers 
  • Active or inactive statuses
  • Average usage or cost per month and year 
  • Associated cost centre or department 
  • Security requirements and unique systems or applications. 

Telecom inventory management is challenging for organisations. Some common issues that arise are difficulty managing multiple vendors, poor visibility of networks, costs, and services, manual tasking, etc. A network inventory management system in this industry brings in many features, such as better visibility of communications systems and assets. It accurately monitors who is using what and for what purposes at any given moment. It offers security of assets along with increased work efficiency and expense costs.

The spreadsheet method was one of the earlier methods of managing asset inventory in a business organisation. But it was complicated and labour-intensive. There are multiple challenges that network administrators and IT teams face when managing network inventory manually. Moreover, tracking devices and systems through the various changes in time is quite difficult, too.

Streamlining with NIMS Automation

Network Inventory Management System automation is designed to address the challenges of manual inventory management and streamline it through automation.

  • Automatic device discovery: The NIMS automation tools can discover and list the devices in your network without the need for manual inputs.
  • Real-time updates: It also keeps your devices’ information up to date every time there is a change. It also allows for the changing of different devices.
  • Dynamic groups: It enables the formation of dynamic groups made up of members who have different features, such as backup status, compliance status, and configuration conflicts.
  • Improved security: NIMS automation helps identify and correct discrepancies or unauthorised changes. Accurate and updated inventory data also plays an important role in safeguarding network security.
  • Complete view:  It scans the entire network and identifies all devices that are connected to that specific network at any given time to keep track of functioning.
  • Seamless sharing of details: The automation ensures that the reports are generated, and the network maps are exported in plain text format to keep the team updated.

Network inventory management is a business necessity in today’s evolving technological landscape. It helps your organisation meet the dynamic needs of the business world. The adoption of a network inventory management system is vital to businesses to maintain technological agility. NIMS ensures efficiency and security to organisations while they continue to function through the evolving digital landscape. It’s the ultimate route to stay ahead and reach operational excellence.

How can Infosys BPM help?

Businesses need to streamline the workflow and make the most out of the resources at hand. Infosys BPM network inventory system provides a consistent, consolidated approach to order management, network changes and service delivery, with instant service activation and dynamic, elastic deployment.

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