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it service management

IT Service Management: Definition, benefits and best practices

In the 4.0 industrial revolution, there is no dispute that taking advantages of technology is an irreversible trend of every enterprises to gain achievement. Thus, there is an increasing demand for strategies which allow organizations to have organized and quality computing systems. That is the reason why IT Service Management (ITSM) was introduced.

According to the definition of GB Advisors, ITSM is a strategic approach to the design, delivery, management, maintenance and improvement of IT equipment, applications and services. It brings a huge of competitive advantages to enterprises.

So keep up with CMC Global to see everything you need to know about ITSM. Let’s see the definition, significant benefits and best examples of IT Service Management.

1. IT Service Management definition

ITSM is the concept including all sets of practices, principles, or processes conducted by an organization to design, implement, improve and support IT services. To put it simply, ITSM is a strategic approach of a business to manage information technology so that they can provide value for their customers by the means of services.

ITSM includes planning, managing changes to prevent business interruption, fixing bugs and detecting finance issues. Generally, people may have the common perception of ITSM as IT support. However, ITSM goes way beyond just resolving day-to-day issues as they take the responsibility for the service’s end-to-end management. Besides, to business, ITSM is also a way of technology management. 

2. IT Service Management benefits

Benefits of it service management

Lower IT operational costs

IT infrastructure and operations (I&O) spending makes up roughly 60% of total IT spending internationally, not to mention that I&O staff represents approximately 50% of total IT staffing requirements. Due to the scalability, these IT organizations must hire an increasing number of I&O staff.

However, IT service management, with its automated features that reduce manual workload for IT operators, enables IT organizations scale their operations more easily without the need for excessive hiring.

IT sevice management automates processes to save time and money involved in hiring extra labor.

Efficiency and effectiveness improvement

IT service management is capable of improving business efficiency as well as effectiveness by simplifying and centralizing all processes carried out daily within the company. Moreover, ITSM can offer a self-service system in which through a Knowledge Base, users have easy access to problem-solving.

Additionally, change management promoted by ITSM improves infrastructure reliability, reduces downtime and unavailability, and reinforces service continuity strategies. Thus, ITSM offers a framework that increases the effectiveness of any aspect of your IT service delivery through the process of continual service improvement.

 Continual process improvement

Better services and customer experience

Here are the two ways IT service management can help improve service delivery and customer experience.

The service strategy process requires IT organizations to align their activities with the needs of the business. It means that the IT organization is working on services which are from the demand of that the business, resulting in a better customer experience.

Another important aspect making ITSM ubiquitous is a formalized ticketing and incident response system. The incident management process improves service by ensuring that the IT organization speedily responds to every incident report or service request that is submitted.

Incident response system in ITMS

Since these and other benefits of IT service management, more IT organizations are choosing to adopt ITSM best practices to meet the rapidly changing needs of the businesses they serve. Not staying on the sidelines, enterprises in Vietnam are striving to seize the golden opportunities coming from the technology revolution.

3. IT Service Management best practices

it service management best practices

ITSM helps businesses ensure that their IT service stays efficient, reliable, and scalable. That can be achieve through these ITSM best practices 

Incident management

ITSM helps businesses govern the restoration or rectification of any emerging incidents or interruptions in service. These can happen due to either outages or performance issues.

Asset management

ITSM takes charge in asset tracking, updating and mapping. By doing this, it keeps the  hardware or software function normally at any time.

Problem management

ITSM helps manage problems at IT organizations by conducting a Root Cause Analysis (RCA) and stopping the problem from recurring.

Change management

ITSM manages any chance in services through change management, under which release management is often grouped.

Knowledge management

ITSM’s use in knowledge management show in how it helps avoid works duplication by tracking, documenting and updating solutions in a knowledge base. Its use in knowledge management spreads across domains.

CMC Global has strong competence in implementing technology solutions, including Traditional services, Digital transformation services and Consulting services. Along with long-lasting cooperation with well-known clients from demanding markets like Japan and Korea, CMC Global can confidently bring the best that customers in the overseas markets expect.