As time has passed, a lot has changed including products. Some have retired, others improved from the previous products and others have been introduced to the market. The hardware asset management process is meant to offer a systematic approach on such series of changes from its beginning to the end. It usually has beginning, middle and end of life.

Its major goal is to give strategies on promoting the product, this is done through designing the product, collaborating with suppliers and warranty management and eventually on how products can be disposed or recycled.

It originated from the American Motors Corporation (AMC) in 1985. Since then it has become common to many businesses. Many assume the lifecycle management by concluding it is a software that shows your success and fails. It is more than that, it shows how the business has dealt with the challenges it has faced while coming up with the product. It manages everything that pertains to the product. In few words, it is the lungs of your business and should be taken seriously.

An application lifecycle management is a lifecycle management of the computer system. It seeks to deal with all the steps closely which later is properly documented. It deals with a broader perspective of application compared to SDLC software development lifecycle management which only deals with software. It has also developed to integrated application lifecycle management which all the tools and users synchronize with each other throughout the development of the application. It always keeps you up to date in case of any changes ensuring no delays.

Today most business relies on the third parties to provide application lifecycle management which ensures you have an integrated software development system that can integrate with IT tools.

This is why it is big news that HP enterprise announced on June 1st 2016 on Market wired about the HPE ALM Octane which is a software offering Application lifecycle management. It is meant to modify Lean, Agile and DevOps processes. This is through delivering applications quickly and not jeopardizing its quality.

Its advantages are many than before, they include good customer services because of quick delivered services, it will ensure your business will be able to keep space with the radical change of technology in the market. This is very crucial, because some business prevail in using the best technology. It will have evolved to support development methodologies including DevOps.

The workflow will run smoothly because of the integration. It will have an open platform which will ensure they offer scale required by the software. It will also accelerate application deliver as well.

HPE ALM Octane will be offered as a public cloud delivered service, while the on premise HPE ALM Octane will be available later in 2016. It will also offer to any current HPE ALM customer an active support contract. They are planning to provide a mobile center update that will enable mobile application quality to become better and the user will enjoy the application even more thanks to the application lifecycle management.

For a business, it is wise to record every stage of the product existence, this way you can predict the problems you may face and can also know how to approach some business problems.