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By Rahul Gupta Last updated : June 03, 2023
What is Cloud asset management (CAM)?
Cloud asset management (CAM) is an aspect of cloud management services that focuses solely on managing the physical cloud environment of an organization such as the goods or services they are using. CAM mainly deals with the management of cloud systems, platforms, and technology (SaaS, PaaS, and IaaS).
The followings are the keys to Cloud Asset Management.
- Failure to control and handle the rising usage of SaaS applications and providers.
- Lack of a centralized view of and use of cloud services.
- Restricted access to data about SaaS subscriptions.
- Restricted access to real user data from SaaS, IaaS, and PaaS.
Value of Cloud Asset Management
Visibility and monitoring of all the assets and resources that make the cloud environment enable to cloud assets. It's a vital step for a cloud that is better configured and more stable.
Following aspects shows the potentials of Cloud Asset Management,
- Data centralization
It streamlines information about assets. When an organization is in multiple locations, it can be hectic for us to look for information about various assets. Data centralization is a feasible solution to centralize information systems.
- Cost efficiency
In a short time, the office system will be loaded with data, which means that we may need to have a storage unit or device. The cloud, however, provides an optimal solution. Compared to purchasing systems, hard discs, etc., because they are economical. With cloud-based technology, we can run heavy applications on an ordinary laptop, saving a great deal of money.
- Accuracy
An in-depth inventory data make informed decisions to enable the organization to accomplish much of the additional objectives by minimizing risks so that important finance wastage can be minimized.
- Save time
The details for real-time asset monitoring are available at a single click. This means that to find asset details, we do not have to waste time. We should concentrate on more significant business work which indicates that CAM is an efficient approach to save time and users can do a lot of potential work within a short time.
- Security
Also,CAM firms up the cloud protection to the company, allowing us to keep track of our essential security initiatives with actionable evaluations of possible risks and threats to our cloud infrastructure. Automated systems, without human involvement, will repair vulnerabilities upon discovery, ensuring that the company is not left with vital security holes.
- Data of each asset
In terms of increasing asset quality, this is very important. It assists us with asset maintenance. What? How? If we have all the details on all the assets, do we know when to buy an asset? When would the next maintenance need it? It is, therefore, necessary to prevent maintenance from being carried out.
- Inventory
The capacity to achieve greater insight into our cloud is a key benefit of cloud asset management. CAM systems can collect in-depth inventory information that can be used in the most cost-effective way possible to make fruitful decisions about managing our assets.
The Challenges of Cloud
The list of organizations purchasing cloud-based applications/software is rising regular, and 85 percent of business workloads are expected to be in the cloud by 2020. Cloud computing versatility, scalability, and cost-saving advantages lead to these statistics, but fast growth does not come without complications.
Many are left with misunderstandings of their assets and an ambiguous image of just how broad their cloud estate is when organizations implement cloud-based systems, platforms, and interfaces without meaningful visibility and control. The lack of visibility makes it more difficult to manage cloud infrastructure tabs, leading to inventory inaccuracies, bad service efficiency metrics, and disjointed cloud processes.