What you Need to Know about Business Service Management

Business Service Management (BSM) is a method for monitoring IT services so that its use, benefits and improvisation can be understood from a business perspective. The technology of BSM hence intersects IT with business. By using Business Service Management solutions, the IT department can understand how its investment, its infrastructure and its technology benefit the business. Business Service Management hence tracks, monitors, manages and views the investment and operational part of the information technology to make sure that they are in the interests of business.

Having a Business Service Management solution active is especially useful to those businesses relying solely on its IT department to cater to its customers or to those companies which have a large IT department with a lot of IT infrastructure and systems in place. In such companies, in case a system failure happens, IT heads or business managers will be able to pin point on a real time basis where an error has occurred. Thus, if a business has a proper Business Service Management solution in place, in case of a system malfunction, executives will be able to know exactly where it is happening, how it happened and they will be able to analyze later on how it happened as well. Business managers can quickly analyze the business impact of downtime and IT managers can avoid a breach in service level agreement.

Companies dealing in various industrial verticals are increasingly using hybrid or customized BSM solutions to ensure that their IT service management is backed up by BSM in order to meet customer commitments and SLA.

Benefits of Business Service Management

There are many advantages of using BSM solutions:

• BSM allows businessmen to understand the business impact of system failure• Resources can be allocated efficiently
• Loss in costs can be reduced considerably through a business service management solution
• Support teams can provide better service through such application monitoring enhancements
• Business owners and IT managers can pin point the root cause of a system failure and hence avoid confrontations or debates
• Work can be prioritized according to priorities after the system failure