Globally, Financial Services companies spend over $500B on annual IT services. A large portion of this spending is dedicated to tracking employee laptops, monitors, and business equipment. IT managers face the growing demand to track the usage and retirement of these devices, ensure they are wiped of secure information, and disposed of correctly.
At AMI, we work hand-in-hand with Financial Services IT managers to ensure their asset management is robust, compliant, and economical. Over the years, we’ve learned a lot about this sector and a recent research study that we conducted provides some very interesting insights.
Financial Sector HAM Usage
In the financial sector, nearly 60% of IT managers oversee more than 5,000 pieces of equipment. The sector’s unique needs are driving demand for advanced features:
- Training and AI Improvements: IT managers are keen on enhanced training and AI-driven solutions to improve asset management efficiency.
- Advanced Reporting Dashboards: Comprehensive dashboards for better reporting and analysis are highly sought after.
- Audit Management: The ability to plan, assign, and execute audits, including multi-user auditing, exception management, and accuracy trends, is the most requested feature.
- Sanitation and Disposal: A staggering 94% of IT managers emphasize the critical need for proper sanitation, disposal, and decommissioning processes.
Key Focus Areas of Financial Services IT Managers
Managing and tracking laptops isn’t the only thing that IT managers need to focus on. Increasing regulatory and compliance demands, increased work-from-home staff, and corporate digital transformation initiatives take center stage for the modern asset manager.
- Cybersecurity: Protecting sensitive financial data from breaches and cyberattacks is a top priority.
- Regulatory Compliance: Ensuring that all IT systems and processes comply with industry regulations and standards.
- Data Management: Efficiently managing and analyzing large volumes of data to gain insights and support decision-making.
- Digital Transformation: Implementing new technologies to improve efficiency, customer experience, and competitiveness.
- Cost Management: Balancing the need for advanced technology with budget constraints.
- System Reliability and Uptime: Ensuring that IT systems are reliable and available to support business operations without interruption.
- Innovation: Staying ahead of technological trends and integrating innovative solutions to maintain a competitive edge.
At AMI, we’ve been helping Financial Services companies track everything that matters for decades. To learn more about how asset management can impact your organization, check out our free ROI resource guide or send us a note to set up a demo.
