What is IT asset management?
As the IT spend increases, all organizations should take very carefully informed decisions about purchasing. Therefore, they have to know what they have in terms of IT properties. That’s the concept of IT asset management (ITAM).
This process involves business practices in order to get an inventory of an organization’s hardware and software. Consequently, the resulting information serves to eliminate waste, improve efficiency and have control over the organization’s resources. Organizations that develop and maintain an effective ITAM program further minimize the incremental risks and related costs of IT infrastructure projects based on old, incomplete and/or less accurate information.