We live in an era where your next big idea could come from an employee working out of a cafe in Tokyo or on the beach in Bali. The digital nomad lifestyle has become more than a trend—it has transformed how we work.
The onset of remote work offers exciting opportunities for CEOs and CIOs. However, this also creates some daunting challenges, particularly in cybersecurity. As leaders learn to balance flexibility with security, implementing an IT Asset Management (ITAM) solution has become crucial for managing a company’s technology assets, regardless of where employees work.
The Rising Stakes of Cybersecurity
Despite all the joys of digital nomadism, the era of remote work has increased cybersecurity threats, costing companies more money each year. The financial impact of data breaches increases substantially every year. IBM’s Cost of a Data Breach Report 2024 reports that the average breach now costs $4.88 million—a 10% increase from the previous year. Alarmingly, 40% of these costly breaches involved data distributed across multiple environments.
As remote workforces expand, so does the attack surface for potential cybersecurity threats. Organizations must adapt traditional security strategies to protect sensitive data and systems across a global network.
ITAM: A Vital Tool in the Digital Nomad Era
IT Asset Management (ITAM) helps organizations manage and optimize their technology resources. A well-designed ITAM process works with existing cybersecurity systems to provide a picture of all a company’s technology assets and uses. This includes:
- Enabling Secure Global Work
ITAM addresses one of the biggest challenges of managing a remote workforce – ensuring company devices remain secure in diverse global environments. ITAM helps IT teams manage tech inventory accurately, empowering them to know where all company devices are and how they’re being used
- License Compliance
As employees work across different countries, ITAM helps organizations manage the increasing complexity of software licenses by ensuring compliance with licensing agreements in various jurisdictions. This process allows teams to optimize license usage to avoid unnecessary costs and legal risks.
- Fast Security Responses
In the event of a data breach, ITAM processes aid rapid responses by providing IT departments with accurate, up-to-date visibility on all tech assets. Precise visibility and data on all current tech assets help reduce downtime.
- Cost Optimization
In an era of economic uncertainty, ITAM contributes to optimizing IT costs by providing data-driven insights for informed decision-making on IT investments. ITAM data can identify underutilized assets that can be reallocated or retired, thus avoiding unnecessary costs.
- Risk Mitigation
ITAM supports IT teams with proactive risk management. In other words, it can help find weak spots in the company’s technology setup before problems arise. ITAM data makes it easier for IT and cybersecurity teams to check and test the security of all systems regularly
Embracing The Change
The rapid increase in digital nomads is not slowing down anytime soon. Remote work is a competitive advantage, and organizations that offer this flexibility will attract the best talent. This is no longer about the future of work; this is our current reality, and leaders must prepare their company’s technology infrastructure to reflect the zeitgeist.
ITAM helps leaders maintain visibility and understand their tech assets. By using a thorough ITAM process, company leaders can create a work environment that encourages new ideas and flexibility without compromising digital security. In doing so, they’ll position themselves at the forefront of digital nomadism.
About the Author
Hiren Hasmukh is the CEO and founder of Teqtivity, a leading IT Asset Management solutions provider. With over two decades of experience in the technology sector, Hiren has been at the forefront of developing innovative ITAM strategies for businesses navigating the complexities of digital transformation. Under his leadership, Teqtivity has evolved from a smart locker concept to a comprehensive ITAM solution serving companies of all sizes.
Hiren is passionate about building a company culture that values open communication and personal growth. Beyond his role at Teqtivity, Hiren serves as the Chapter President for the Huntington’s Disease Society of America’s Los Angeles Chapter, demonstrating his commitment to community service. With his blend of technical expertise and entrepreneurial acumen, Hiren continues to drive Teqtivity’s mission of providing innovative, customizable, and affordable ITAM solutions in today’s dynamic digital landscape. Hiren can be reached online at [email protected] or at the company website, https://www.teqtivity.com/
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