All types of businesses today are increasingly becoming reliant on their IT infrastructure to deliver their products and services. However, many times, the business owners and IT managers have a tough time in figuring out how the business's IT infrastructure is performing and how it is affecting business at any given point of time. So how can IT managers ensure that they spot the bottlenecks and know exactly how they are affecting business? The answer to that is business service management (BSM). In this post, we discuss what business service management is and how it can benefit a business.
Business service management is a methodology of monitoring IT services and understanding its impact on business. Through business service management, IT managers can have an idea where the bottlenecks in IT are and how they are affecting business. They can also understand how IT investment, infrastructure and technology are benefiting the business. It is hence an important element of IT service management. IT managers use BSM solutions to ensure that customer deadlines are met and service level agreement conditions are not breached. BSM solutions hence track, monitor, manage and view the investment and operational part of IT to make sure that they are in the interests of business.
Business service management is especially useful to businesses which are dependent on their IT department to provide services to their customers. It is also beneficial to larger companies with huge IT departments and a lot of IT infrastructure. A BSM solution is an integral part of effective IT service management for larger companies. With business service management solution in place, if the system fails, a business owner or IT manager will be able to spot where the error has occurred on a real time basis. He/she will also be able to analyze the reason for the failure later on. With such real-time updates, business managers can analyze the financial aspect of downtime and IT managers can ensure that there is no breach in service level agreements.
The many benefits of using business service management are:
- IT service management becomes easier with a BSM solution
- Ensures that business-critical applications remain available
- IT managers can avoid a breach in service level agreement conditions
- Through business service management, business owners can understand the impact of system failure
- A business service management solution can help reduce losses and improve productivity in business
- With business service management, work can be prioritized according to importance
- A BSM solution helps both business owners and IT managers in figuring out what caused system failure and avoiding such occurrences in the future
