IT Asset Management (ITAM) is a centralized approach to managing IT systems and assets. A strong ITAM strategy will help you oversee and optimize the wide range of technology at the heart of your business.
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.
Benefits of ITAM
- Comprehensive hardware and software asset tracking
- License compliance management functionality
- Software usage data and analysis
- Purchasing functionality/integration