On the other hand the traditional CMDB? Not so relevant since so many services become abstract; what elements do you need to track?
As for assets? They become subscriptions, which are financial liabilities.
Anyway here's the rest... I recommend it.
I see roughly five dimensions for how ITSM product use might shift within a cloud model:
- Overall increase in use, due to IT Operational needs created by the automation and dynamics within a cloud infrastructure. With more dynamic/unpredictable resource requirements, some ITSM tools may become more valuable than ever. For example, take Billing/Chargeback. Clearly any provider of a public (or internal) cloud will need this to provide the pay-as-you-go economic model, particularly as individual resource needs shift over time. Same clearly goes for tools such as Dynamic Workload Brokering, etc.
- Overall decrease/obviation of need, due to the the automation/virtualization within a cloud infrastructure. As automation begins to manage resources within the cloud, certain closely-monitored and managed services may simply be obviated. Take for example application-specific Capacity Planning; no longer will this matter to the degree it used to - now that we have "elastic" cloud capacity. Similarly, things like event correlation _might_ no longer be needed -- at least by the end-user -- because automation shields them from need to know about infrastructure-related issues.
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