What is ITAM
IT Asset Management (ITAM) is a set of business practices that join financial, contractual, and inventory functions to support life cycle management and strategic decision making for the IT environment.
What is ITAM
Managing IT Assets allows you to get maximum value from the use of the assets, right-size IT inventory, and optimize inventory purchase decisions and strategies.
This level of visibility into asset details will help organizations improve infrastructure efficiency and performance, and minimize related overhead expenses. All organizations, in one way or the other, perform ITAM. It’s important to implement ITAM practices intelligently, in order to achieve IT operational efficiency, financial accountability of asset purchase, simpler auditing and compliance, and long-term asset manageability and maintenance.
IT Asset Management provides you the means to achieve complete visibility into your IT infrastructure inventory, helping you gain an in-depth understanding of:
- What they cost
- How they are used
- Where components reside
- Whether they have an expiry date
- What systems and equipment exist
- When were they added to the inventory
- How they impact IT and business services
Benefits
To better appreciate the value of asset management is to understand how managing IT assets allows an organization to get maximum value from the use of the assets, right-size IT inventory, and optimize inventory purchase decisions and strategies.
IT Asset Management provides the means to achieve complete visibility into the IT infrastructure inventory, helping you gain an in-depth understanding of
- What they cost
- How they are used
- Where components reside
- When added to the inventory
- Impact IT and business services
- Whether they have an expiry date
- What systems and equipment exist
