Elevate Your Team with Multiply

Whether you are looking for solutions or need a team to aid your IT department, we’ve got a wide variety of services that can be tailored to your company needs. When you partner with Multiply Technology, you have a dedicated nimble team ready to improve any IT processes that may be stalling your company from greater growth. 

IT lifecycle Management Services

Whether it is provisioning and deployment or retrieving and repair, your company’s assets go through many stages of life throughout their usefulness. Let our team implement an IT lifecycle management process so you can focus on the big stuff. 

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The Benefits are Endless


With accurate tracking throughout a asset’s life, we can ensure you get the most out of your investment before replacement.


Let us make your new hire experience a breeze. We’ll handle set-up, shipping, and ensuring all additional peripherals are in their hands on the very first day. 


We will procure, store, and ship all your assets for you, saving you time and money in the long run.

Learn how we can Multiply your team’s success.

IT Lifecycle Management Services

There are many layers to IT lifecycle management. From updating inventories to managing maintenance schedules, many businesses can feel overwhelmed when trying to manage it all on their own. Fortunately, IT lifecycle management services like Multiply can help with all your needs. 

In this article, we’ll break down exactly what IT lifecycle management entails, how it fits into an overall IT asset management system, and how services will help you optimize for success. Stick around to get all the information.

What Is Lifecycle Management in IT?

When you hear about lifecycle management in IT, it essentially means optimizing the use of computer equipment your business invests in from the moment you buy it to the moment it enters disposition. The primary goal throughout is maximizing value, which is what you’d want to do for any investment your company makes.

Let’s review exactly what the IT lifecycle management process looks like.

What Is the Technology Lifecycle Management Process?

Here’s a brief overview of the typical technology lifecycle management system companies will want to deploy. 

  • Create an inventory: You have a lot of technology throughout your company, so it’ll be important to document it to ensure everything is organized. When you choose our services at Multiply, we’ll help you get started with our full asset journey platform that helps you visualize your inventory for easier decision-making. 
  • Manage procurement: Another essential step is putting the right systems in place when you’re buying new assets. It’s essential for companies to stay within budget while getting the best equipment for their needs. Our asset management team at Multiply can help you manage budgetary needs while negotiating with vendors to get the best value. 
  • Deploying new assets: Once purchased, your new equipment also needs to be deployed into operations successfully. This will entail scheduling to avoid disrupting busy times in your company’s processes, getting all teams on the same page, setting up equipment, and performing tests to ensure everything is operating smoothly. 
  • Maintaining assets: After assets are set up, the process isn’t done yet. Technology is always changing with new updates and some fine-tuning that must be done here and there. It’ll be essential to set up a schedule that keeps your technicians on track and your equipment operating at full functionality. 
  • Disposition: All technology has a lifecycle. It will eventually stop performing effectively and need to be removed from operations. Disposition will help you sell old assets to get value back from them or recycle them within proper regulations while ensuring all data is cleared from hard drives. 

Overall, managing this whole system is essential for the success of your business. It takes a well-planned operation to keep teams on the same page and everything running smoothly. If you need help in that process, our team at Multiply can provide the guidance needed to implement IT lifecycle management effectively. 

What Is the Meaning of Service Lifecycle Management?

Service lifecycle management involves the strategies your business deploys to manage the maintenance and repair of the technology you own. Essentially, it falls under the maintenance stage of overall asset lifecycle management. 

During service lifecycle management, you’ll want to think about deploying the best service lifecycle management software and schedules to keep all your maintenance activities on track for success. Most companies see this as an ongoing process that can evolve over time as your business grows. 

Service Lifecycle Stages

Service lifecycle management typically operates on four distinct stages. Those are:

  • Connect: The first step is connecting with the assets you have installed so you can track their performance and understand how they’re operating. 
  • Orchestrate processes: The next step will be orchestrating a system for success. This often involves scheduling regular maintenance and setting up policies and procedures to keep data safe and understand how teams will respond during emergencies. 
  • Execute the system: Once the process is defined, team members will deliver on the maintenance schedules and ensure all equipment is repaired, updated, and monitored in accordance with the defined regulations. 
  • Continuously optimize: The last step is monitoring data and processes to continuously optimize as your business grows and you invest in new technology.  

When companies deploy this process, it’ll help avoid getting stagnant so they can stay successful for the long term.

What Is Certificate Lifecycle Management?

Another aspect of IT lifecycle management is organizing information about security certificates or software certificates. 

TLS/SSL certificate management is common for many businesses. It’s an essential aspect to ensure your website stays secure and up to date. 

You may also receive certificates of use for different software programs you invest in, like accounting software or time-tracking software. It would be important to keep these up to date to ensure you continuously have access to software that’s a big part of your business. 

All these different certificates would be managed by tracking them in an inventory, monitoring them for updates and renewals, and ensuring compliance with any guidelines that come with them. 

What Are the Stages of Information Lifecycle Management?

Within IT asset management, you’ll also want to ensure you consider the data your company collects and uses. Properly managing data is essential to avoid any harmful information leaks. 

The typical stages of information lifecycle management are:

  • Data collection/creation: The first stage is where the data is actually formed and collected. Data could be manually input into business systems via spreadsheets, or it could be automatically collected and placed in systems. 
  • Transformation: Once data is collected, it must be put to use and allocated in the right sections of business systems. Transformation is usually an automated process where you’ll have pre-set filters to help with this. 
  • Application: After your data is transformed, it can be applied to your business processes. For instance, when a customer places an order, your system will process the data they input, like quantities and payment information, before confirming it and moving it on to fulfillment. 
  • Dissemination: Sometimes, data needs to leave the organization and be transported somewhere else. This is common with aspects like financial data for tax purposes, where you would send it to an accounting firm. It’ll be important to ensure security throughout those processes to avoid any data leaks. 
  • Storage: You’ll also want to track and optimize where you’re storing data. There should be security systems in place to protect it at all times from outside threats. 
  • Deletion: Over time, companies will find that they don’t need specific sets of data anymore. It will then need to be deleted in compliance with appropriate protocols. For instance, this could happen if you were clearing hard drives from old laptops you are preparing to sell or recycle. 

Following each of these steps in an organization will ensure that you keep the data you collect safe, secure, and organized throughout your systems. 


What Is Product Lifecycle Management?

Your IT system may also involve digital or physical products that you create to make processes more efficient or easier to manage. These would also need to be managed to ensure you get the most value from your investment in them. The typical product lifecycle management stages will go through ideation, development, service, and disposal.

What Is a Lifecycle Service?

When looking into IT lifecycle management, you may have heard about how services can help. 

Essentially, IT lifecycle services companies like our team at Multiply are designed to help take work off your plate when trying to manage all the aspects of the IT asset lifecycle. Our team at Multiply acts as your partner in the process and can be there to guide you toward success each step of the way.  

Of the different types of IT asset management, we put a focus on hardware asset management and the associated data with those hardware assets. It’s essential to start there since those assets take up the bulk of your important daily operations. After all, if your hardware, like computers and hard drives, isn’t working correctly, you can’t make use of things like accounting software that depend on their functionality.  

At Multiply, we can help you discover all the hardware assets throughout your organization, create effective inventories, perform audits, negotiate with vendors, and even ensure the safe disposal of essential data. All these aspects will help you stay on top of asset performance and allocation throughout their lifecycles. 

What Is an IT Lifecycle Management Services Certification?

When looking for professionals to help manage asset lifecycles, you may come across terms like an IT lifecycle management services certification. These are certifications like ITIL’s certification for IT professionals, which will teach you about the IT asset lifecycle in accordance with their specific practices. These certifications can be helpful for general knowledge of best practices.

What Are the ITIL 3 Practices?

When looking into ITIL 3 certifications and practices, you’ll probably be wondering exactly what this covers. Essentially, it’s a system that’s designed to help businesses organize and optimize the use of their IT assets. 

It covers the 5 technology lifecycle management stages we discussed earlier, which are creating inventories, procurement, deployment, maintenance, and disposition. Within the ITIL service lifecycle stages, they’ll outline processes to perform each one of those steps successfully within your organization. 

Nowadays, ITIL 3 is a bit outdated, so what you actually will want to follow is the ITIL 4 service lifecycle stages. Those will help you stay current with today’s business standards. 

Our team at Multiply is knowledgeable about ITIL standards, and our team of asset management pros who have years of experience in the IT field can help you with all your needs to design an effective strategy.

How Multiply Can Help!

Multiply is a team of senior service technicians and IT consultants who help with IT asset and data management. When you partner with us, you get a knowledgeable guide each step of the way to set up inventories, and discovery systems, manage equipment lifecycles, conduct audits, and more. 

Our goal is to create systems that are organized and easier to manage, so you can put more time and energy into other areas of your company. 

Contact us today to learn more about how Multiply can help!