What Is IT Asset Management (ITAM)?

IT Asset Management (ITAM) serves as the business practice to gather and understand all data related to virtual and physical IT equipment. Its goal is to maximize the value of the organization’s entire asset estate, including hardware, software, and infrastructure. ITAM provides a holistic understanding of the technologies, resources, and processes supporting the organization and its user base. By bringing together financial, contractual, and inventory data, organizations have the ability to track, monitor, manage, and document each stage of the asset lifecycles in a secure, consistent, and effective manner.

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