IT asset management (ITAM) comprises practices and strategies for overseeing, managing and optimizing company-owned IT systems, hardware, processes and data. As part of an ITAM strategy, IT departments implement, track and maintain IT assets, and assess whether those IT assets require optimization, can be replaced with a less expensive option or be upgraded to a newer technology. Fostering these deeper insights into your organization’s IT assets helps IT executives visualize the ROI on IT assets and deliver data to other key stakeholders on how those assets directly benefit the company’s business goals.
A successful ITAM strategy requires a complete IT inventory that gives organizations a quick view of every IT asset within the company. That includes data centers, software, hardware, networks, employee or user workstations and any other business technology. The main goals of ITAM are to save money through asset tracking, have more control over the company’s IT environment, bring more organization to IT lifecycle management and reduce waste by managing the disposal of IT assets.
Read More from This Article: IT asset management (ITAM): A centralized approach to managing IT systems and assets